By Sigrun WinklerOn Feb 04, 2019 Invoice Templates
Once the due-date has passed, it’s time to follow up with your clients before you begin implementing late charges. After all, it’s possible that your invoice has slipped their mind, or it’s been lost in the mail. For a start, you can send out reminders like a personalized email, a text, or a phone call. Sending these reminders lets you remind your client about the money they owe you, and that you are serious about getting your invoice paid. If you’re sending your invoices through email, start using software that updates you once the recipient opens the message.
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%!
Some business owners spend up to 10% of their work time on invoices. If you feel like you’re spending too much time on invoicing clients and chasing them for payment, it could be time to start looking into cloud accounting software like Xero and QuickBooks, especially if you’re using other cloud software like Shopify (and TradeGecko!). In addition to enabling you to prepare and send invoices quickly, cloud accounting software helps you to manage overdue invoices by automating reminders. Also, instead of needing to return to your office to send an invoice, you’ll be able to send invoices anywhere.
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