Customer won't pay invoice?
You're probably financing your customers' businesses for free.
$340,000. Sitting in invoices. Not your account.
(That's the average for a $2M equipment rental company.)
Carrying it costs you 1–3% of revenue every year. On a $2M company, that's $20k–$60k gone. Without a single bad debt.
Find your industry.
See what it's costing you.
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Select your industry and enter your annual revenue to see your numbers.
Based on U.S. Census industry data and SEC filings.