Businesses need money. Getting paid means having money. To get paid, you need to send invoices. However, if you want to get paid on time, your invoices need to tell your clients that you need the money at that right time!

Having trouble with Invoices? Here are some invoicing tips.

Keep payment terms short

If clients are serious about the type of work you do, they’ll be serious in paying you. Having a long pay period only gives clients time to overlook at your invoice. Keeping it short, gives them more urgency.

Send reminders to clients

Send out a reminder a day or two before payment is due. You ensure that the client is reminded in case he overlooked at your invoice. You can ask for an acknowledgement of receipt from your client as well. If it was overdue after the fact, send another email reminder before doing what’s on the next tip.

Call to remind clients

If there were no response to the email reminder, call early on a business day and follow up on your invoice. Approach the client with respect and tell him or her that the call is nothing but a reminder. If it’s already overdue, the more you need to pick the phone, be polite but be firm.

Add “overdue” penalties

To avoid having overdue payments, penalised your client. First, you need to make this clear before doing any business with the client. This gives them the heads up and protects you from the backlash of them not knowing. This may seem counter-intuitive, but perhaps give them an option for an extended payment term once you’re assured the client faithfully pays his or her obligations.

Streamlining the invoice process is important to survive in business. You wouldn’t want to get your money trapped in someone else’s hands. Money has got to flow and having the right invoice system will make it easier for you and the business.

Jodie Thompson

Jodie Thompson

Jodie is a qualified CPA and company director having managed her own accounting and advisory firm for over 10 years. Jodie’s experience in establishing and growing businesses is second to none and her hands on approach and technical expertise is valued by our team and our clients alike.

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