RUN A TIGHT SHIP WHEN IT COMES TO INVOICES
A person who has poor eating, exercising, and hygiene habits isn’t in a strong, healthy state.
Taking care of your body is important. You can apply this principle to your business’s financial health, too. “Sloppy invoicing habits can lead to lost profits and tense relationships between you and your customers,” says Frank Kasimov of BusinessLenderMatch.com. To avoid this pitfall, engage in good invoicing practices.
Be totally clear and transparent about pricing, covering every aspect thoroughly and asking questions to ensure that you are being understood.
Credit check your new customers, and ask for a deposit when a customer makes the order.
When billing time rolls around, send the invoice on time, and ask for acknowledgement that it has been received.
Hire a specific person to monitor and chase down unpaid bills, and consider charging late fees to motivate your clients to pay on time.
If you’re looking for a top-notch time tracking and invoicing platform for your business, then Due.com is worth checking out.
You can create professional-looking invoices in a snap and manage times by either client, project, or task. What makes Due.com stand out from other time tracking and invoicing tools is it’s design.
It’s well-organized and has brightly colored icons so that you can easily view the progress of your work. The app is free for five clients per month. If you want to integrate with PayPal, set-up recurring payments, and send out unlimited invoices, pricing starts at $3 per month.