{"id":1443,"date":"2013-04-24T08:57:47","date_gmt":"2013-04-24T08:57:47","guid":{"rendered":"http:\/\/designerds.co.uk\/?p=1443"},"modified":"2014-08-20T10:10:15","modified_gmt":"2014-08-20T10:10:15","slug":"late-payments","status":"publish","type":"post","link":"https:\/\/designerds.co.uk\/live\/2013\/04\/24\/late-payments\/","title":{"rendered":"Late Payments"},"content":{"rendered":"<p>Not surprisingly, in the current economic climate, late payment is on the rise. Cash-flow is king, and companies can ease cash-flow problems by delaying payments to suppliers, effectively borrowing money from them at 0% interest. This article illustrates the problem nicely:-<\/p>\n<p><a title=\"http:\/\/www.businesszone.co.uk\/topic\/finances\/firms-forced-shed-staff-late-payments-bite\/50949\" href=\"http:\/\/www.businesszone.co.uk\/topic\/finances\/firms-forced-shed-staff-late-payments-bite\/50949\" target=\"_blank\">http:\/\/www.businesszone.co.uk\/topic\/finances\/firms-forced-shed-staff-late-payments-bite\/50949<\/a><\/p>\n<p>We take a dim view on this &#8211; I was brought up to avoid debt wherever possible, and I believe that if a company is having problems they should borrow from the bank, not from their suppliers!<\/p>\n<p>What is pleasing, however, is that as a supplier we don&#8217;t seem to be suffering too badly from this. We have a simple policy &#8211; we won&#8217;t supply to late-payers. Most of our clients are very good at paying on time, and on the odd occasion that we have to take action, they quickly get the message.<\/p>\n<p>Of course we are very happy to tailor our terms to their needs &#8211; for example if they only do a payment run once a month, we can change our invoice terms to suit that. But we won&#8217;t let them take the mick&#8230;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not surprisingly, in the current economic climate, late payment is on the rise. Cash-flow is king, and companies can ease cash-flow problems by delaying payments to suppliers, effectively borrowing money from them at 0% interest. This article illustrates the problem nicely:- http:\/\/www.businesszone.co.uk\/topic\/finances\/firms-forced-shed-staff-late-payments-bite\/50949 We take a dim view on this &#8211; I was brought up to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/posts\/1443"}],"collection":[{"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/comments?post=1443"}],"version-history":[{"count":8,"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/posts\/1443\/revisions"}],"predecessor-version":[{"id":1543,"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/posts\/1443\/revisions\/1543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/media\/1444"}],"wp:attachment":[{"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/media?parent=1443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/categories?post=1443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/designerds.co.uk\/live\/wp-json\/wp\/v2\/tags?post=1443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}