By On Feb 04, 2019 Invoice Templates
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.
For a start, keeping your invoice simple enables your customers to know exactly what they’re getting billed for. List the goods or services in a way that the customer can easily understand; for example, instead of listing your products by SKU (SS15DrRM), writing out the product name in full (red dress, size medium for Spring/Summer ‘15) lets your customer know exactly what they ordered at a glance. Similarly, putting your company’s logo in a prominent position (the top right corner in our case) helps your customers to identify your business. Also, by personalizing your invoice with your business logo, it’ll make you look more professional… and increase your chances of getting paid by 300%!
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