Why you will definitely get paid faster in 2018
Getting paid for services rendered is one of the greatest problems most small business owners face. You deliver the goods to customers and it takes like forever to get paid. In some other cases, they just wouldn’t take your calls.
How can you get paid what you’re owed? Sending out invoices that exhibits professionalism is crucial for your business. Here are some tips to help you enjoy better cash flow and stop stressing about unpaid invoices this year.
Prepare customers with a cost estimate in clearer terms
When it comes to invoicing your customers for services rendered or items purchased, ensure they are ready to fulfill their financial obligations for the service rendered. The cost estimate should include the amount for each service rendered or items purchased as well as the grand total.
Establish payment terms
Every business is different and has specific payment terms. Some may require a certain percent upfront and upon completion, the balance. No matter what your billing requirements are, ensure that your payment terms are clearly explained in your invoice. This will enable the fast payment from your clients/customers.
Offer multiple payment options
Your clients love options. Take advantage of payment solutions to enable clients/customers pay directly from the invoice. Leave no room for excuses for delayed payments.
Offering alternative avenues such as credit card payment on your invoices will increase the chances of your clients paying you without delay. It will also make your business appear more professional and in line with the current trends.
With Cashflow, it’s super easy to create a professional invoice with only a couple of clicks. It takes you from manual and paper based processes to a simple, automated, secure and modern way of doing business.
Get started on www.cashflow.ng