By Sigrun WinklerOn Feb 04, 2019 Invoice Templates
The biggest advantage of invoice templates is that their real timesavers. All you have to do is insert the invoicing essentials and send-off the invoice. This is particularly useful if you’re swamped or new to invoicing since templates come equipped with the most important information already has a place on the document, such as contact information and being able to list the services or products that you’re charging the client. As you’ll notice if you do a simple Google search, there are thousands of templates you can chose from online. So you shouldn’t have a problem finding a template that you’re a fan of.
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.
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.
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