Cash flow is vital to the survival of small and family businesses. Making payment information available to the public can help small businesses and encourages large businesses to improve their practices.
The Payment Times Reporting Scheme (the scheme) requires large businesses and some government enterprises (known as reporting entities), to report on their small business payment terms and times.
The scheme is administered by the Payment Times Reporting Regulator.
Making sure you invoice correctly can help ensure prompt payment. The tips below will help guide your invoicing.