Month: December 2021

Small-Business-Invoices-How-to-Get-Paid-Fast

Small Business Invoices – How to Get Paid Fast

Are your clients a little (or a lot) slow when it comes to paying their invoices? 😬 While you can’t pull out their credit card for them, there’s some things you can do in your invoicing process to increase your chances of getting paid – and even increase the speed of the payment! Here are 5 simple tips on how to do it: (𝟭) 𝗠𝗔𝗞𝗘 𝗬𝗢𝗨𝗥 𝗜𝗡𝗩𝗢𝗜𝗖𝗘 𝗧𝗘𝗥𝗠𝗦 𝗘𝗔𝗦𝗬 𝗧𝗢 𝗨𝗡𝗗𝗘𝗥𝗦𝗧𝗔𝗡𝗗. You may know that putting “CIA” on your invoices means “cash in advance” … but your client may read that and think “… Central Intelligence Agency…??” Make sure your terms – both for payment period AND late fees! – are (literally) spelled out on every invoice. (𝟮) 𝗦𝗛𝗢𝗥𝗧𝗘𝗡 𝗬𝗢𝗨𝗥 𝗣𝗔𝗬𝗠𝗘𝗡𝗧 𝗣𝗘𝗥𝗜𝗢𝗗. Stats show that if you give more clients more time to pay – like 30 or 90 days – they’ll take it! So, logically, if you ask for payment sooner, you’ll receive payment faster.

Effective Ways to Save and Make Money Through Bookkeeping

Monitoring Expenses 

Did you know that good bookkeeping can help you both make – and save – money? 

It’s true! And here’s 4 of my favorite profit-increasing bookkeeping tips you can start using today:

(𝟭) 𝗔𝗨𝗗𝗜𝗧 𝗬𝗢𝗨𝗥 𝗘𝗫𝗣𝗘𝗡𝗦𝗘𝗦

Expenses billed as subscriptions are especially sneaky!

Take a minute to 𝗿𝘂𝗻 𝗮𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗽𝗮𝘆𝗮𝗯𝗹𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 spanning the last 3-6 months.  Then cancel anything you aren’t using anymore (or downgrade to a cheaper and more limited version).  You could save hundreds – or thousands! – a year.

(Btw – did you know there are apps that help you track recurring expenses, and even cancel them on your behalf?? I attached an article in the comments with links to a few apps like this!)

Track and Manage Subscriptions With These Apps | Saving and Budgeting | US News

(𝟮) 𝗥𝗨𝗡 𝗔𝗡 𝗔𝗖𝗖𝗢𝗨𝗡𝗧𝗦 𝗥𝗘𝗖𝗘𝗜𝗩𝗔𝗕𝗟𝗘 𝗥𝗘𝗣𝗢𝗥𝗧

How many clients do you currently have? 5? 50? And how many invoices do you send every month? Here’s my point – it’s hard to stay on top of past due invoices AND keep up with the rest of your business.