Dealing With a Bad Debtor Who Is a Large Corporate or Government Client
If you have a large client who is very tardy with payments it can put a large dent in your cashflow. Unfortunately more and more government and corporate clients are looking at extending payment terms which can place a lot of pressure on small businesses, particularly if they still don't pay by the extended date. Here are some of your options if you have large bad debtors. Deal with it If the client has a large account and tends to pay eventually, you may decide that you simply need to incorporate this slow payment into your cashflow management.