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Old 28-06-09, 20:31   #3 (permalink)
barryhynd
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Default Re: Late payers deserve contempt not credit

I would also agree with the above statement but would add a little qualification to it.

If big businesses continue to pay the way they are in taking 90 - 120 days to pay suppliers then this will ultimately filter down the chain to smaller businesses. Fundamentally in any business you really should be looking to get your money in before you pay it out.

I completely appreciate that many businesses do take advantage and employ some pretty crappy tactics to avoid paying items that are due. I guess this is where effective credit control comes into play and you need to be keeping in touch with your customers.
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