Are late payments keeping you awake at night?

“Cash is king” may be a trite expression, but it really is vital for business growth.

We've spoken with several clients and businesses over the last few months who are experiencing late payments from their customers.  This puts a huge strain on small businesses and particularly for those with less cash to play with; sometimes a single unpaid invoice can cripple a business' cash flow.

According to the Xero Small Business Index data for May 2022, small businesses in the UK were paid an average of 8.8 days late but in some cases late payments can drag out over weeks, months and even years. Many business owners are constantly trying to manage cashflow, wondering…

Who's going to pay this week? Can I pay my bills this month? Can I make payroll this week?

If this sounds like you there are several things we can help you with including:

Invoicing

Cashflow forecasting

Collecting the revenue (and what to do about late payers)

Talk to us about preparing for and managing your late payments.