When I started my own consulting business, it was with high expectations. The opportunity to be able work on something that is mine and make money from all of the hard work put into learning about how things operate felt great! Another part which made starting this company an amazing experience for me were those early days where everything seemed like a happy story – until you get down deep enough into reality where there's always more than meets.
What are you waiting for? If your business needs more cash, here is how online invoicing software can actually boost its bottom line.
1. Be clear about your terms and conditions
Make sure to write down your terms and conditions clearly in every document you create because it will help avoid any future conflicts. Providing clarity on what is expected from both sides of the agreement can only lead towards professionalism, which we hope for!
2. Keep defined and short terms for payments
It's important to set a specific time period, such as 7 days or 30 days so that you don't experience any issues in the cash flow- if your company deals mostly with services then it is suggested to go ahead on setting their payment cycles within those duration ranges instead of going through an outdated version like cheques which take about 3 weeks before they're fully processed by banks (nowadays businesses can more easily receive their funds much faster).
3. Never hold credit for your client's jobs
Always put the responsibility on them and get paid up front, it'll make life easier when you are done with what they hired YOU to do- pay up or let me go cry into my pillow (metaphorically). With Invoicera’s easy invoicing software.
ABOUT INVOICERA
Invoicera is a software solution specially designed to cater the needs of each type of enterprise, small business or freelancer. This best-in class invoicing tool can handle every aspect involved in running your company's finances including invoicing with ease! The custom made 360 package provides you peace of mind knowing that all aspects will be managed efficiently leading up until payment dates ensuring smooth cash flows no matter what happens during this difficult economic time period.
Source: 6 Smarter Ways to boost your Cash flow 10 times with Online Invoicing
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