According to a comprehensive study by MarketFinance, formerly known as MarketInvoice, around 60 percent of all invoices are paid late. The report goes on to reveal that the average invoice is paid six days late and that one-fifth of all invoices are paid more than two weeks late. This is, especially devastating for a small business owner, who depends on constant cash flow to run the operations smoothly and pay employees and vendors on time. It is hence, prudent to know...

Are you low on budget, just starting out or don't have enough funding? Here, we shall discuss a few ways you can save some money whilst still running a high-quality business without having to sacrifice your office essentials. Whenever a small business goes through the process of cost cutting, they give up on the most ludicrous things like double ply toilet paper. This is not fair to you or your employees. Also, it doesn't make much of a difference. Although,...

A study on invoicing conducted by Market Invoice, later rebranded as Market Finance, has revealed that around 60 percent of invoices are paid late. Given this reality and the importance of positive cash flow for your small business, the significance of a proper invoicing system cannot be understated. Getting paid on time is not entirely up to you, but there are several aspects of an invoice that you might be neglecting. And this could contribute to the late or non-existent...