Most of the time of an entrepreneur or business owner can be accounted behind sending invoices all day long if they have not optimized their invoicing and billing process. However, most of them fail to take advantage that can help them pay faster. On the contrary, there are many customers or vendors who would always be late in making a payment but that shouldn’t stop a keen business person to not streamline the billing process and encourage customers to pay on time so as for you to be on top of your cash flow. We all know that cash flow is the king when it comes to the growth and success of your business. If due to some constraint, there is also an option of offline invoice software for business owners which they can use it even while away from office or work.
Without waiting for further ado, let’s check some of the amazing ways you can make you invoices more effective.
Send your invoices once the job is finished
It is a good practice to send invoices straightaway as soon as the work is completed. Sending out invoices quickly while the services are still fresh in your customer’s mind prompts them to make payment as soon as possible. The online invoicing application can be of great help here. These apps mostly provide multiple payment option/methods to make instant payment.
If you are still obsessed with using the conventional method to create manual invoices then this is the time to switch over to an online expense tracker. It is also favored amongst customers, vendors and even clients. Online invoice maker streamlines the billing process, resulting in faster payments proving good for your business.
An invoice can provide complete insight into the trade along with the services rendered if only it provides complete details. The offline invoice software allows to create invoices with an itemized description of task/product/services, etc. that is offered. It is best to know how to much to include in the invoice details section but there is also no downside to it for providing little extra information.
Shorten payment terms
It is best to keep the clear and easy language but that does not mean that it doesn’t have to be effective and stricter. Yes, however, keeping them short for say like 14 days than the usual 30-days terms. Though you would come across a few of them who would make you wait until the last moment and at times beyond. In times like these, your stringent payment terms are going to rescue your business from going out of cash.
Offer payment option
In this day and age, cash is not the king. The more you’ll offer digital forms of payment to customers, the more you are likely to get paid faster. It has been observed that online invoice application gets you paid 2x times faster with the best professional invoice for payments.
A reminding system
A small reminder before an invoice payment is due is the best little deed you can do for your business as you can’t rely on calling, texting or emailing. You can easily put an automatic payment reminder with the top free invoice generator – Moon Invoice.
Moon Invoice has come up with the comprehensive online accounting & billing solution that connects small businesses to their accountants, Bookkeepers, banks and other online business software. Over the years, Moon Invoice is successfully able to pave the way for our customers to directly connect with their customers and suppliers or vendors so as to carry all the invoicing related business operations seamlessly.
Following are few of the handy advantages of Moon Invoice:
- Manage Invoices & Credit Notes effortlessly
- Administer seamlessly Estimates & Purchase Order
- Smart Filter option with 22 Professional PDF templates
- Save time with auto invoicing numbering and avoid any critical financial data entry error with iCloud Sync feature
- Manage Separate Customers & Vendors list
- Track expense and payments
- Add unlimited companies
- Smart Quarter and Summary view
- Create custom invoices with the option to add 2 different signatures, name, title, and date
- One touch Backup & restore option with TouchID Protection
- Customize PDF layouts, alignments, image, color and format