Money Management – 6 Tips for Optimising Your Invoicing System

Are you being paid on time? When do you mail out invoices to clients? Invoicing can seem like a never-ending job, especially if you do not have a reliable system in place to maximise your accounting practices. If you are struggling with invoicing and billing within your business, you may need to make a change in the way you charge.

Business invoicing

photo credit: ClearFrost / Flickr

If the employees that you have completing the invoicing process are struggling with getting them out on time or appear to dislike the time of the month when invoicing occurs, you need to make a change in your company to speed up the process and make it more efficient.…

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Invoicing Is Your Worst Enemy: 7 Ways To Defeat It

We know—invoicing can be quite a pain, especially when your clients are late or unwilling to pay their invoices.

One of the most important things for businesses to take care of is to make sure they have positive cash flow on a consistent basis.

This cash flow can help keep them afloat by allowing them to meet their financial obligations, including rent, utilities, salaries, and other crucial aspects of their business.

However, if this cash flow is not flowing in, it can lead to lots of problems, including certain business failure.

In order to get this cash flow, then, small business owners need to make sure their invoicing is top-notch.…

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How to Get Paid Faster Every Time You Send an Invoice

Getting your invoice paid faster is the most important goal for both small business owners and freelancers. This is the fastest way to having positive cash flow, which is very important for a business’s sustainability.

Fast

However, getting your invoices paid on time can be quite difficult. As one report showed, small businesses have to wait 72 days on average to get their invoices paid. That is more than two months from the time the invoice was sent, and in that time, there are bills, employees, and many other business expenses need to be paid.

Today we’ll look at how you can make sure you’ll get paid faster every single time you send your invoice.…

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