Running a business involves risk, but unpaid invoices shouldn’t be the gamble that sinks your ship. Bad debt—money owed to ...
Late payments are often the biggest issues facing businesses today. It turns out that how your invoice looks, its layout, structure, and clarity can significantly affect how quickly your clients pay.
If your customers are paying you late, it’s like giving them an interest-free loan. If the payments are late enough, you start to wonder whether you will be paid at all. Then you have to take time ...
Freelancers often find themselves facing the challenging situation of dealing with clients who are not paying promptly. Late payments can disrupt cash flow, create financial stress and strain the ...
No growing business or professional practice would intentionally restrict cash flow, limit working capital or jeopardize long-term profitability. Yet inadvertently, even well-established companies ...
Assign collections tasks to dedicated back-office staff — not customer-facing employees or founders — to preserve positive customer relationships and position your business as organized and robust.
The Office of the Small Business Commissioner has helped recover £10m in late payments for UK small firms since 2017, with ...
National Treasury identifies six provinces responsible for the majority of late and unpaid supplier invoices, highlighting the urgent need for targeted interventions to improve payment practices and ...