Flying Solo has a comprehensive article I wrote about customising your business invoice; the key things to remember are make sure it has the amount due on it, the date it is due, contact details and most importantly payment options, how can they pay you?
How many ways are you giving your customer to pay you? Cash, Cheque, EFTPOS, Credit Card, BPAY. People like paying with credit card, because they don’t have to pay it off for 60 days, and they earn points. Do you give them that option? A colleague told me the other day that she stopped using a supplier because the supplier insisted in being paid by cheques and she hated cheques. Do you offer customers a discount for paying on time? Make it easy for your customers to pay you.
Your invoice description should be as detailed as possible. It should have a authorised activity slip, or authorised delivery slip where relevant. I make no apologies for throwing around the word ‘authorised’ you need to get acknowledgement that the product has been delivered, or the work has been done.
Do you have any business invoicing tips?
Heather Smith and her team at ANISE Consulting, have assisted in setting up and supporting over 300 small businesses in Brisbane and beyond. Their focus is on cashflow management. They are leading experts in MYOB Accounting software and are dabbling in Xero. For further assistance please contact us http://www.aniseconsulting.com/contactUs.html or join us;
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