By Optimum Accounting
When I take on a new client, I occasionally find that they are paying late fees on their accounts payable. What is a shame is that it’s not usually because they didn’t have the money to pay, it’s because they didn’t have the time (or they forgot) to pay. Having a bookkeeper take care of this will ensure that never happens again and will save you money.
Here’s another tip. Don’t pay your bills early! There’s no reason to pay a bill early. Having that money available will increase your business’ flexibility. The most successful businesses are the ones who are best prepared for the unexpected. By paying bills on time (rather than early) you can be better prepared.
