Saturday, May 12, 2012

For Small Firms, the Check is Not in the Mail - WSJ.com

For Small Firms, the Check is Not in the Mail - WSJ.com: "One of the potential downsides of being a supplier or a vendor to a big company is that you may have to wait a while to get paid.

‪On average, big businesses – those with 1,000 or more employees – paid their bills more than a week past the due date on invoices, according to a report that's expected to be released by Experian next week."

‪These big businesses appear to be taking even longer than they did last year to cut checks, and thus, settle their accounts with suppliers: The wait beyond contracted terms – that is, the date agreed to at the time of a sale – grew by 27% over the past year, from six days to nearly eight days, according to Experian.
‪‪This trend is particularly disturbing for many small business owners and start-up founders, because they tend to be highly dependent on regular cash flows for working capital to pay their own suppliers and vendors, along with their employees.

'via Blog this'

No comments:

Post a Comment

Featured Post

Dawgen Global Firm Profile

Dawgen Global is an integrated multidisciplinary professional service firm We are integrated as one firm and provide several profession...