A shocking one in five small business owners are unaware of how much money they lose each time they are paid for work.It emerged four in 10 of the 250 owners polled use a payment company to bill clients and customers, but many don’t realise how big a fee is taken from each transaction, resulting in them losing money.More than a fifth of their payments also come in LATE – putting a strain on precious cashflow.Just under one in 10 payments are more than a month late, causing chaos for those attempting to balance the books.Craig Tillotson, chief executive and co-founder of payments service Ordo, which commissioned the research, said: “It can seem like the easiest thing in the world to let someone else manage the money side of things.“After.
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