By On Aug 22, 2018 Invoice Templates
If you’ve noticed your customers are putting off payment until the last possible date, it might be time to start incentivizing early payments by offering a small discount for invoices that are paid in advance. To do this, you need to decide on a specific early time frame. Make sure you feature these incentives in your invoice to motivate the customer to react to the offer you’re putting in front of them. By rewarding your customers for their business, you’ll be able to encourage loyalty while ensuring they pay you promptly.
In all honesty, invoice templates should work fine for most freelancers and small business owners. They contain all of the necessary fields and do allow you to put your own touch on it so that your clients know that it’s your invoice. Best of all? Using a template will save you a ton of time and frustration if you’re just starting out with invoicing. But, you shouldn’t completely rule out custom invoices. Invoicing software allows you to create customized invoices in a couple of steps. But, in most cases, you’re just going to be using the same information as a template, who spend the extra time creating an invoice from the ground-up? At the same time, some freelancers and business owners could greatly benefit from custom invoices. For example, a graphic designer or coder should definitely create their own invoices since it’s a clever way to showcase their skills.
However, setting Net-30 payment terms doesn’t mean that you’ll definitely get paid on time. Most debtors pay 2 weeks late regardless of whether payment terms are due immediately or due in 30 days. In light of this, if getting paid in 30 days is critical for your business cash flow, decreasing your payment terms could be a great way to ensure you get paid in time. After all, if you’ve tried your best to provide your customers with goods and services according to their deadlines, it’s only fair for them to pay you promptly as well.
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