![]() ![]() To make things easier, try to make sure that communication stays open and ongoing with your client. Talking about late payments with your clients can be extremely uncomfortable for both parties involved. ![]() Keep an open flow of communication with your client This can oftentimes be easily coordinated with your accounting software so that it can automatically send follow-up emails until a payment has been recorded. Typically, follow-up emails are arranged to be sent 7 days, 3 days, and 1 day before the invoice is due. Again, your clients are oftentimes very busy and these follow-up emails act as a gentle reminder that payment has still not been received on your side. Once you have customized your blank invoice template in word and sent it off to your client for payment, you may want to consider setting up some automated follow-up emails. This information should also be noted on your free printable blank invoice to make sure clients understand that they are only being invoiced for half of the work. For one-off projects, it is typically recommended to invoice at a minimum of 50% before performing any services. With ongoing clients, you may want to consider only sending out invoices on a specific day of the month. Your clients are busy – and sticking with an invoicing schedule helps them to anticipate your invoices so that they can pay on time. Send all invoices on time and on a schedule Common incentives that may motivate clients to pay early include:ĥ. However, if you need to increase your cash flow, you can always try to offer incentives for those who pay within 24 or 48 hours. If you allow your clients to pay within 15 business days, some clients will inevitably leave it to the last minute to make their payment. This may even need to be continuously updated and revisited as your business grows. Once you have your payment methods established, make sure to update this information on your blank invoice forms that you keep on file. Try to find a payment processing service that is both flexible and accepting of a range of card types and currencies. By only accepting certain payment methods, you might be making it more difficult for your clients to pay. ![]() Diversify your payment methodsĪnother great way to ensure you get paid is by diversifying your payment methods. This makes life much easier for your account managers. If you have the budget, try to establish a separate department that is responsible only for invoicing or collections. However, having them be responsible for invoicing can oftentimes be awkward for the client and your staff. ![]() Remember, you want your account managers to foster good relationships with clients. Separate invoicing and account management dutiesĪfter creating your own blank invoice template, you may also want to reconsider the process behind your invoicing. Your clients will not be shocked when they receive one of your blank invoice templates with their name on it, and you will be more likely to be paid on time. Letting your clients know about this information upfront is one of the best ways to make sure that there are no misunderstandings with your invoices in the future.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |