The lowdown Getting paid on time

Getting paid on time is a never-ending concern for small businesses. SFA surveys show that, on average, it takes 62 days to get paid, whereas the majority of payment terms are 30 days. So how can you protect your company against the scourge of late payers and bad debts?

First, if credit is not required, don’t give it. If you do extend credit to customers, make sure you do your homework.

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