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It makes sense to pay on time
Some businesses hang onto cash to the detriment of their immediate
creditors, and then quibble over payment of bills. The simple truth is :
If you late pay suppliers they will resent you! In the end,
a small customer who pays on time will be more respected and valued by
many suppliers than a large customer who needs to be continually chased.
Having a history of payment on time also helps if you ever are desparately short of cash
and need to ask your suppliers for extra time to pay. If you've always previously paid
on time you are more likely to receive a flexible and helpful response to your request.
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