Keep These Things in Mind if You Want to Get Paid Faster

Getting paid is an important part of business, but not necessarily the most fun part. Invoicing is not a fun job when you have so many other things on your plate. Still, when you’re a small business owner, getting paid can sometimes be a big battle. Efficiency is key when sending and managing your invoices.

Your strategy is important. Here are a few tips on managing your invoices to ensure you get paid in a timely manner.

Know the Billing Cycle

While it would be a treat if your clients followed your billing cycle, that’s not typically the case. When dealing with larger clients, they may pay on 30-, 60-, or even 90-day intervals. When working on-term with a client, the most common type of invoice will be a recurring invoice.

With a recurring invoice, you and your client will agree on the frequency (weekly, bi-monthly, or monthly) and then you can set your invoices to automatically bill at the agreed upon billing cycle. Once your clients get into this routine, you will get paid much more quickly.

Use online software

Go paperless. In 2016, this should not even be a choice, but going paperless will guarantee you get your money faster. You will be hard pressed to find anyone who doesn’t want their…