u/peppe8x

▲ 4 r/SelfemployedUK+1 crossposts

Payment terms and cash flow advice

Hi, I am starting a new business as a sole trader and, long story short, I need to solve a problem with payment terms. I would need to pay a contractor the same day he finishes a job, but my clients usually have 15 to 30 days payment terms. As I am just starting I don't have the cash flow ready to advance money, so I need to find a solution.

I have thought about fractional invoicing, do you have any experience with that? Any help/tip is appreciated.

reddit.com
u/peppe8x — 7 days ago