New guide published to help small firms get paid on time

A new Government-backed guide for small businesses containing advice on getting paid on time has been published by the Association of Chartered Certified Accountants (ACCA). BIS is continuing its campaign to encourage small enterprises to agree payment terms before delivering orders, sign up to the Prompt Payment Code, raise complaints over late payment and use electronic invoicing where possible. The new measures follow the launch of the Finance Fitness campaign last year, which provides small firms with advice, guidance and redress if they are paid late.

There is more on this story at:

http://www.bis.gov.uk/news/topstories/2012/Feb/Government-and-business-press-for-prompt-payment