GoKawiilEntrepreneur contributor outlines three-step method to forecast payroll cash gaps early
A business columnist for Entrepreneur argues small businesses should build a 30-day cash flow plan to spot payroll shortfalls before they hit, citing Xero data showing U.S. invoices are paid about eight days late on average and Canadian ones about 11 days late. The piece also cites Canadian government survey data showing roughly 45% of small businesses seeking debt financing needed it for day-to-day operations like payroll, while only 40% say payroll data informs their decision-making.