Angad Zoin

Some of them are unfortunately saying they might have to delay paying themselves around 40 percent, and some think they're going to have to dip into personal savings about a third of that or even borrow.

You can really see from our research that small businesses are feeling that pinch around how they're going to smooth out cash flow now,

for something they may not have been fully prepared for.

That's right.

Spot on.

I think, you know, always important and all small business owners know this because they do it day to day, which is what's the money coming in and what's the money going out.

We've talked about obviously super payments, but money coming in is probably one of the biggest challenges that we can see small businesses feeling the pressure on.

So, you know, we know that small businesses already lose about $15,000 on unpaid invoices.

That's just money they never see.

And 84% of them say that that late payments is still the main reason they think they're going to miss a super deadline.

So as those super payments get more frequent, getting cash into the business as quickly as possible is critical.

We are trying to, as a platform, obviously make this easier for small businesses.

So when you run your payroll on Xero, we're embedding payday super payments into that.

And we're making sure that obviously you can handle those payment times, meet the regulatory requirements.

But also we have cash flow forecasting tools like Xero Analytics built into the platform, which allows small businesses to now model scenarios and say, okay, if that super payment is coming earlier, what's that going to look like?

What were the other expenses I already had coming in?

And maybe what changes can I make to get ahead of the payments that are coming in July rather than waiting for that to happen to them?

The first thing would be try and forecast that impact on your cash flow to understand what's going to happen.

If you have an accountant or bookkeeper, talk to them, treat them as your strategic partner, because it's not just about the first few payments under the new legislation.

It's actually about what does my year look like?