Complete Guide to Reasons for Late Payments
Nearly 60 percent of small businesses report cash flow problems due to late payments, creating serious headaches for owners and employees alike. When payments arrive past the agreed date, it is not just a minor inconvenience. These delays can disrupt daily operations, stretch resources thin, and place growth plans on hold. Understanding why late payments happen and how they ripple through a business helps owners take smarter steps to protect their finances and keep relationships strong.