Articles Blog
Business – Cash Flow Booster – Invoicing Promptly to get paid earlier!
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Published on Friday, 14 November 2014 19:20
It is very common that small service business owners feel uncomfortable about asking to be paid. But if you don’t invoice promptly AND collect payment promptly (which might be part of the reason for a cash crisis in the first place), there are several consequences:
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Your clients can quickly forget what they owe you.
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They are likely to not remember how much they loved your work and pay you promptly.
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They may conclude that you do not expect quick payment and will take their time.
ACTION solutions:
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If possible, present your invoices at the time services are delivered.
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Sending your invoice by email speeds the process up even more.
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If issuing immediately is not possible, at least be sure to issue your invoices weekly, or at least twice per month on designated days, such as on the 15th or the last day of each month.
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Do this like clockwork – a system – it will help to even out your cash flow over the long haul. Create a habit - invoice quickly and invoice often.
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