Day: February 12, 2020

Importance of invoicing software in maintaining cash flow and avoiding bad debt

Consistent cash flow is vital for any business to ensure that it fulfills its various obligations such as paying suppliers, utilities, and salaries to employees. Bad debt can cripple a business, and this can result from cases where debtors fail to fulfill their obligations. A business can run into bad debt due to late or missed payments from customers and other business partners. Invoicing software can solve most of these problems and help a business avoid bad debt in several…