We are all aware of the importance of maintaining a positive cashflow from month to month if we are to avoid a liquidity crisis and all the misery that entails.
It's an unfortunate fact of business life, but not every invoice gets paid on time. For many smaller businesses this can be more than an inconvenience; it can be harmful to cashflow as well.
Do you find that despite your best efforts to charge customers up front and to plan for the worst, bad debts still cause major problems for your business?
