By Sandra HolzOn Jul 18, 2018 Invoice Templates
Today people demand customization. Whether it’s Netflix recommendations or the emails that flood your inbox. Invoicing is the same. With custom invoices you can create an invoice that matches your brand and industry by being able to insert your logo, change the style, color, and appearance of the header, activity tables, and footer messages. These will help your invoice stand out from all of those other generic invoices and guarantee that your invoice will get results. Another perk of custom invoices is that they can be used as a marketing tool. You can use a customized footer and you can include a personalized message like thanking the client for the opportunity to work with for the last seven years, congratulating them on an industry award, or suggesting additional products or services that you know that they’re in need of.
If incentivizing early payments is a carrot to encourage prompt payment, charging for late payments would be the stick. By adding late fees to your invoices, you’ll add a sense of urgency to your invoices. However, by doing this, you need to be prepared for vocal feedback from your customers -- especially those with the bad habit of paying late.
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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