Tips for Handling Nonpaying Customers | Business News Daily


If your business operates on an invoicing system, you might be familiar with late payments and perhaps even nonpayment. There are many reasons why customers don’t pay invoices on time (or at all), from lost bills to unexpected additional expenses that customers realize they cannot afford. Many small business owners struggle with how to best ask for overdue payment without being rude. However, regardless of the circumstances, an unpaid invoice hurts your business. You need to act if you want to keep your cash flow healthy; being candid with customers and having some backup strategies at the ready is key.

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