6 Killer Tips For Managing Your Business Finances
4. Keep on Top of Invoicing
You have lots of new customers who are buying your products/services. Great! But if the work doesn’t translate into actual money, then all is lost. Make sure that you keep on top of your invoices from the get-go. If you use an automated invoicing system, this will all be done automatically for you.
- Send out invoices immediately after completing the work
- Set a payment term of 7 days
- Follow up religiously on unpaid invoices
- Monitor payments by cross-referencing invoice numbers with payments
Disclaimer: The information contained in this article is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The author accepts no responsibility for any consequences whatsoever arising from the use of such information.
