Payment speed
08 · FinanceHow quickly do customers pay?
Selling on credit means lending customers your cash until they pay. The slower they pay, the more of your cash is tied up in what they owe you.
What to track
Days to get paid
The average time between sending an invoice and receiving the money.
Overdue invoices
How much is late, and for how long.
Biggest debtors
A few customers often hold most of the late money. Know who they are.
Check it weekly and chase late invoices early.