Tips for Collecting on Invoices

 

One of the worst things about running a business is getting delinquent customers to pay. For small business owners it’s made worse because unpaid bills can quickly spell a company’s demise.

“During the first five years of the life of any small business effective cash flow management is one of the biggest necessities and stressors of the business owner,” says Scott Rumley, owner of BookKeeping Express Franchise in Tulsa, Oklahoma. “For many organizations the possibility of having to close their doors is a reality they face if their customers are slow to pay their bills or if they chose not to pay at all.”

 

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