I love getting paid! However, waiting to get paid, worrying about bounced checks, or paying excessive bank fees; not so much fun. If asked how long I wanted to wait to be paid for my services, my reply would be “immediately.” In fact, sooner if possible.
Collection of receivables can be a real problem for a small business. The failure to manage timely receivables has led to many small businesses failing. Fortunately, there are solutions to allow a small business to get paid faster, and also allow a greater range of payment options for their customers.