NEWSXPRESS CENTRAL BILLING

Central Billing is a service newsXpress offers members and suppliers. It is up to a supplier if they participate in central billing. 

How it works is that a goods you order from a supplier are supplied direct by the supplier and provided with a delivery docket or invoice. The supplier invoices newsXpress at the same time. newsXpress settles the account on time with the supplier on time. It guarantees payment by newsXpress. newsXpress sweeps the member account on the 15th of the month for then due centrally billed invoices.

The payment sweep cycle is 45 days end of month, thereby offering newsXpress members extended terms through central billing.

Central Billing enables us to bring on suppliers who would otherwise not supply to newsXpress and similar independent small retail businesses.

Here are details and requirements.

1. A centrally billed supplier will only supply to newsXpress members through Central Billing. A direct account is not available.
2. All products from a supplier on central billing must be centrally billed.
3. Members are advised well in advance of the sweep the amount to be swept. This is done by email.
4. Any supplier credits are applied prior to the sweep. You can see the advice of this in the email.
5. Members need to advice newsXpress accounts, accounts@newsxpress.com.au, of credit claims that may impact a sweep.
6. The member sweep date for central billing is fixed at the 15th of the month. Except for Ty products as that sweep is at 30 days due to Ty requirements.
7. newsXpress establishes a PPSR claim, indicating a commercial interest in centrally billed goods in a newsXpress store until fully paid.
8. Members unable to settle central billing accounts on time risk having access to the service and these suppliers suspended as well as access to all newsXpress websites suspended.
9. Only payment through EFT or direct debit is acceptable as we need to keep operating costs as low as possible.

Please do not direct deposit to us. We will sweep your account.

Central billing should not be seen or used by members as a loan or additional capital from newsXpress.

newsXpress charges suppliers a fee of 5% of invoice value for central billing. This charge does not cover the full time accountant who manages the central billing records, the time to manage the sweep, the cost of funds necessary to ensure on time payment to other suppliers and other costs associated with the service.

Members with any question about an account should contract accounts by email: accounts@newsxpress.com.au. Our accounts team works outside the office, and often outside usual office hours.