Article provided by Nedbank (SimplyBiz.co.za)
It is one of the realities of business that, at some point, you are going to have customers who pay slowly, or not at all. This can place serious strain on your cash flow and reserves, if it is allowed to get out of hand.
Depending on the severity of the situation, you may need to institute an increasing range of measures to recover the money owed to you.
