Minimizing Late Payments To Maximize Your Cash Flow
Don't allow late payments to skew your cash flow. If you find that a payment due to you is late, don't let it dangle in the wind. Contact them and see what the issue is and whether or not you can help resolve it. More often than not, it's a human issue that's easily resolved by being assertive and taking the initiative to make timely contact. If you find that there's a greater issue at work, minimize your future relationship with that person or business.