Tag: accounts-receivable

Late payments can be a real headache for businesses, no matter their size. They mess with cash flow, make operations more complicated, and can even put a strain on financial health. Let’s take a look at how late payments impact cash flow and what you can do to prevent them. How Late Payments Affect Cash…

Effective credit control is essential for businesses to maintain cash flow and mitigate financial risks. Key strategies include establishing clear credit terms, assessing customer creditworthiness, automating tasks, setting sensible credit limits, maintaining accurate records, invoicing promptly, following up on payments, resolving disputes quickly, offering easy payment options, and regularly reviewing processes to enhance efficiency.