Payment Times Reporting Scheme (PTRS)
Overview
PTRS became part of the compliance landscape this year with organisations required to report from September. Will your business be ready?
According to the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) 53% of invoices are paid late and on average 23 days overdue. The Payment Times Reporting Scheme (PTRS) has been introduced to provide greater transparency with the intention of assisting small businesses to make informed decisions about which large organisations they supply
Areas that will be covered during the session include:
- Who is required to report under the scheme
- When is reporting required
- What information will need to be reported
- What are the implications of non-compliance
- What practical considerations should organisations bear in mind in preparing for their first reporting period
Webinar Learning Outcomes:
- Participants will be given an overview of the new regulations, who is required to report under the scheme and what information they will need to report.
We will also run through the practical considerations that organisations need to address in order to be prepared for their first reporting period and assist participants in identifying areas they may require support.
Suited to:
Finance leaders at large organisations across all industries, government enterprises, and small businesses.
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You will also be provided with:
- The PowerPoint Presentation Slide Deck
- A Searchable Transcript
- Any Supporting Documentation
- Webinar Recording to view multiple times for up to 6 months
- Q&A Session & follow up contact details
Course syllabus
3 lessons
- Video – Payment Times Reporting Scheme (PTRS)Video
- Knowledge QuizTest
- FeedbackSurvey
Your presenter
Maree Griffin,BDO Australia
Associate Director, BDO Australia.
With more than 30 years’ experience, her approach is based on longstanding and close working relationships with clients.
Since being employed in the chartered accounting profession in 1990, Maree has gained experience in business services, advisory services, accounting and executive administration services, managed fund registry, along with assisting government owned organisations and other clients in a wide range of industries.
As well as providing specialist advice, Maree assists with the preparation of special purpose or general purpose financial statements (that are Australian Equivalents to International Financial Reporting Standards (AIFRS) compliant), manages managed funds’ unit registries on a daily basis and assists with other general compliance requirements including income tax returns and GST issues. She also has experience with foreign owned companies and branches operating in Australia, in particular corporate secretarial requirements.
As part of BDO’s Financial Management Consulting team, Maree supports organisations with the establishment, transformation and uplifting of financial management practices and processes.
With Payment Times Reporting Scheme now started, Maree is assisting clients with both awareness of the scheme and the practical implications to business policies, processes and use of systems as a result.