BizSugar.com › Management › Tired of Late Payments on Big Projects? Try Milestone Billing

Late-paying clients are a fact of life for many businesses, but the impact on accounts receivable can be debilitating. 64% of small businesses are affected by late payments. While some are able to secure partial payment upfront, many clients are reluctant to part with their cash until the work is complete and approved, which can create serious cash flow complications. One way to overcome this challenge is to implement milestone billing.