December 2006

Late Payment Problems

Late payment by customers is a serious issue for any business. According to research by BACS Payment Schemes Limited (BPSL) there has been a significant rise in the number of small businesses experiencing late payment problems. In 2005, 59% of small businesses experienced problems with late payments - almost double the percentage for the previous year.

To help businesses avoid the problem in the first place BPSL has put together some tips on how to avoid late payments.

Internet Links:

BPSL press centre and 10 tips