Late-paying customers are one of the most important issues for small businesses and SMEs throughout the UK. Whether you're a freelancer working at home, a small business or a small business, they all share the same common issue–getting invoices paid on time.
In 2019, there was a whopping £ 23.4 billion remaining in late payments–up £ 10.4 billion from 2018 Not only troubling the small business owner as it costs companies to chase outstanding debt in time and money. In reality, companies spend around £ 4.4 billion a year collecting the money owed.
infographic by: www.smeinvoicefinance.co.uk