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.
Assess the risk by...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team