November 7, 2018
Receiving payment for invoices on or before the agreed payment date is important to any business and its cash flow. Equally as important is ensuring invoices are paid on time. However, in certain instances, invoices are paid late, sometimes repeatedly or as a matter of course, this is often due to cash flow issues or when the monthly payroll date falls. When invoices are paid after the agreed payment date, often businesses overlook this provided payment is not unreasonably delayed.