Late payment of invoices are one of the biggest frustrations for accounting firm owners. You’ve done the work—why is getting paid so hard?
For many, this isn’t just an annoyance—it’s a real problem. Overdue invoices disrupt cash flow, eat into margins, and waste hours of valuable time on chasing payment and potential debt collection.
And it’s not just about slow payments. High fees and clunky systems make the whole process of handling business transactions harder than it should be.
Here’s why it’s happening and what you can do about it.
The cost of late payments: more than just cash flow headaches Late payment of invoices leave guessing when they’ll see money they’ve already earned. In the UK, 27% of SMEs are owed between £5,000 and £20,000 at any time . That’s money that could be paying salaries, covering expenses, or helping you grow. The financial impact of these unpaid invoices can be significant for small businesses.
Why do clients delay payments?
No incentive to pay on time or adhere to payment terms Clunky payment systems make it harder to settle invoices by the payment date Manual chasing means reminders get missed or delayed The result?
Wasted time on chasing payment and dealing with overdue accounts Relying on costly credit to fill cash flow gaps Stress and distractions that take time away from your clients and proper credit management
Are you overpaying in payment fees? Payment providers rarely make it clear what you’re actually paying. Hidden charges and unnecessary fees could be cutting into your margins.
Here’s what you might be dealing with:
Unfair fees – Accounting is low-risk, yet many firms pay the same rates as high-risk industries like ecommerce.Hidden costs – Failed payments, chargebacks, and processing delays all add up, potentially requiring compensation.A messy payment stack – Using multiple providers makes tracking costs and optimising payments harder, impacting your credit control.You might be paying more than you should—without realising it.
A broken payment process is costing you more than you realise When your payment tools don’t work together, the inefficiencies pile up in your business transactions.
Does this sound familiar?
Payments are scattered across different platforms with no clear visibility. Failed payments lead to endless back-and-forths, frustrating your team and clients. Bulk payments and chargebacks require manual work that eats up hours and affects your payment history. It’s draining your time, your money, and your patience.
It doesn’t have to be this way You can’t grow your firm when late payment of invoices keeps slowing you down. But fixing the process doesn’t have to be complicated.
👉 Download the Payments Guide now and take the first step towards faster, stress-free payments.
What’ you’ll learn:
✅ Get paid faster without damaging client relationships.
Don’t waste another day chasing payments or losing money due to delayed payment. Improve your credit management and transform your payment culture today.
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