28 Apr 2021Ended

What Is ‘Payment Times Reporting’ and How Does It Impact Your Business?


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Apr 2021


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If you are a company with business in Australia and are looking for a reporting solution to meet the requirements of Payment Times Reporting Scheme (.. Read more PTRS), then SAP can help you quickly implement this mandate using Advanced Compliance Reporting. Introduced by the Australian government with the aim to improve Australian small businesses, Payment Times Report scheme is effective from 1st January 2021 and has to be prepared and submitted twice a year, thereby first submission due from 1st July. If you are large business and certain government enterprises with total annual income of over 100 million AUD, then you need to report their small business payment terms and times. Take advantage of this next generation global statutory reporting solution capabilities and more to help your organization staying compliant with government mandates.

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