Accountants : 5 practical steps for achieving fast payment and positive cash flow
The problem of late payment
The average professional service firm is owed £54k in outstanding payments, according to new research by data specialists Dun & Bradstreet. 58% of UK SMEs believe late payments are putting their business at risk of failure. So the impact of an endemic late payment culture is hitting not only the cash flow position of your accounting firm, but also the ability of your SME clients to pay your fees.
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