Late payments and unpaid invoices: How small businesses can protect themselves

Late payments and unpaid invoices: How small businesses can protect themselves

It’s a situation that almost every small-business owner knows: You did the work, you sent the invoice, and – nothing. The days turn into months, your emails go unanswered, and the client has disappeared into the ether with your hard-earned money. For small-business owners, late payments aren’t just emotionally draining – they can be financially ruinous. Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Bruce Billson states that …