Research from Xero Small Business Insights indicates that delayed invoice payments are affecting small business cash flow. A survey found that late payments result in significant losses for businesses, with average costs nearing $40,000 per year. Further details are available from the source, but it is known that late payments are a widespread issue, with a large majority of businesses reporting revenue losses due to delayed payments.

Solutions such as cash flow forecasts and invoice automation may help businesses manage their cash flow and mitigate the impact of late payments, according to the research.