A Clear Policy for Late Payments Can Protect Your Business
You open the banking app expecting last week’s invoice to have cleared, and nothing has changed. Payroll is coming up, a supplier is waiting, and the client who approved the job has gone quiet. Late payments don’t just annoy owners. They force decisions with money that should be in the account. A clear late-payment policy gives your team a script. It sets out what to do, when to do it,…