How long should it take a customer to pay an invoice?
Customers being slow to pay? You are not alone! This report breaks down the average time for customers to pay invoices. Getting paid quickly is crucial for maintaining a healthy cash flow because it ensures a steady inflow of funds to cover immediate expenses and obligations. Timely payments enable businesses to meet their financial obligations, such as paying suppliers, employees, and other operating expenses, while also having the necessary capital for growth, investment, and unforeseen emergencies.