Small businesses need to invoice correctly to avoid late payments

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In July 2011 the Department of Business published alarming figures that 4,000 UK businesses failed in 2008 as a direct consequence of late payment. More than three quarters of small businesses in the UK have been affected by late payments of commercial debts in 2010-2011. The invoices of UK businesses are paid on average 24.67 days after agreed terms, according to credit rating agency Experian, this isn’t very good. MarketInvoice are aware of this problem and can help high growth businesses release cash against their long payment invoices. Here are few things to consider for SMEs to avoid late payments. 

Agree Terms

The first thing to do in order to avoid late payment

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