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The Quiet Cost of Unpaid Invoices
Most unpaid invoices don’t feel like a problem at first. They sit there for a bit. You notice them when you log in to your accounts, maybe make a mental note to follow up, then get pulled back into everything else that needs doing that day. It’s easy to assume they’ll be dealt with soon…
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How long do unpaid invoices remain valid for?
Many SMEs are consistently paid late by their debtors, but just how long do those unpaid invoices remain valid for? UK businesses are currently suffering at the hands of the country’s late payment culture. One third of the UK’s SMEs say that their invoices are not paid until two months after the agreed payment terms.…
