ACCA - The global body for professional accountants

Small business

Get paid!

ACCA, Experian, FPB and ICM have prepared a quick guide for owners and managers of small businesses trying to avoid or manage late payment.

Get paid! A guide for owners and managers of small businesses

As of November 2011, Britain’s small and medium-sized enterprises (SMEs) were owed £33.6 billion in overdue payments and had to wait, on average, for about two months to get paid by other businesses. Half of all SMEs struggle with overdue payments and many cannot survive the cashflow problems that they create.

The tips in this publication summarise a series of interviews carried out by Professor Rebecca Boden and Dr Salima Paul and sponsored by ACCA. As such they come straight from the horse’s mouth: from businesses big and small, suppliers and customers, business owners and managers as well as professional credit managers.

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Published: 1 Jan 2012