How do you calculate your average payment time?
Calculate your average payment time (DSO) in three minutes: the formula, a worked example in FCFA, and how to compare it with the terms in your contracts.
Blog: late payment, debt recovery, cash flow
Short, sourced answers to the questions SME owners in Cameroon ask about getting paid: one question per article, a worked example in FCFA, and a template to copy when the topic lends itself to one.
What does late payment really cost an SME?
A client paying at 60 days instead of 30 ties up a month of revenue. The FCFA calculation, the overdraft cost and the hidden costs you never see on paper.
What to do when a client hasn’t paid after 60 days?
Invoice 60 days late: check your file, call the right person, write citing the penalty clause, pause deliveries, then send a formal notice if nothing moves.