12/15/2023

Seven Invoice Collection Tips For Small Businesses

Unpaid invoices impact your business' financial health

Invoicing is undeniably one of the most essential aspects of running and operating a successful small business. But in a recent study, as many as half of all invoices in the U.S. will become overdue, increasing the risk of non-payment.

Unpaid invoices can impact your business' financial health and ability to recover from setbacks, especially during an unsteady economy with ongoing interest rate hikes by the Fed.

Regardless of the status of the economy, having an effective invoice collection practice at your business can help ensure you get paid for your hard work and have enough cash on hand to continue investing in future growth. Here are seven tips to help you do just that.

Please select this link to read the complete article from Forbes.