Waiting to get paid is one of the most frustrating things about running a small or medium-sized business.
A study by the Federation of Small Businesses (FSB) found that UK small businesses are owed an average of £6,142 - mostly by larger firms.
Sometimes, raising and chasing invoices can feel like a full-time job in itself, even if you’re using time-saving software like Xero.
If you’re struggling with late payments or you want to spend less time on the monthly financial admin, using automatic invoice reminders could help.