Month: December 2021

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

Small Business Invoices โ€“ How to Get Paid Fast

Are your clients a little (or a lot) slow when it comes to paying their invoices? ๐Ÿ˜ฌ While you canโ€™t pull out their credit card for them, thereโ€™s some things you can do in your invoicing process to increase your chances of getting paid โ€“ and even increase the speed of the payment! Here are 5 simple tips on how to do it: (๐Ÿญ) ๐— ๐—”๐—ž๐—˜ ๐—ฌ๐—ข๐—จ๐—ฅ ๐—œ๐—ก๐—ฉ๐—ข๐—œ๐—–๐—˜ ๐—ง๐—˜๐—ฅ๐— ๐—ฆ ๐—˜๐—”๐—ฆ๐—ฌ ๐—ง๐—ข ๐—จ๐—ก๐——๐—˜๐—ฅ๐—ฆ๐—ง๐—”๐—ก๐——. You may know that putting โ€œCIAโ€ on your invoices means โ€œcash in advanceโ€ โ€ฆ but your client may read that and think โ€œโ€ฆ Central Intelligence Agencyโ€ฆ??โ€ Make sure your terms โ€“ both for payment period AND late fees! โ€“ are (literally) spelled out on every invoice. (๐Ÿฎ) ๐—ฆ๐—›๐—ข๐—ฅ๐—ง๐—˜๐—ก ๐—ฌ๐—ข๐—จ๐—ฅ ๐—ฃ๐—”๐—ฌ๐— ๐—˜๐—ก๐—ง ๐—ฃ๐—˜๐—ฅ๐—œ๐—ข๐——. Stats show that if you give more clients more time to pay โ€“ like 30 or 90 days โ€“ theyโ€™ll take it! So, logically, if you ask for payment sooner, youโ€™ll receive payment faster.

Effective Ways to Save and Make Money Through Bookkeeping

Monitoring Expensesย 

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

Itโ€™s true! And hereโ€™s 4 of my favorite profit-increasing bookkeeping tips you can start using today:

(๐Ÿญ) ๐—”๐—จ๐——๐—œ๐—ง ๐—ฌ๐—ข๐—จ๐—ฅ ๐—˜๐—ซ๐—ฃ๐—˜๐—ก๐—ฆ๐—˜๐—ฆ

Expenses billed as subscriptions are especially sneaky!

Take a minute to ๐—ฟ๐˜‚๐—ป ๐—ฎ๐—ป ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐˜€ ๐—ฝ๐—ฎ๐˜†๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ spanning the last 3-6 months.ย  Then cancel anything you arenโ€™t using anymore (or downgrade to a cheaper and more limited version).ย  You could save hundreds โ€“ or thousands! โ€“ a year.

(Btw โ€“ 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

(๐Ÿฎ) ๐—ฅ๐—จ๐—ก ๐—”๐—ก ๐—”๐—–๐—–๐—ข๐—จ๐—ก๐—ง๐—ฆ ๐—ฅ๐—˜๐—–๐—˜๐—œ๐—ฉ๐—”๐—•๐—Ÿ๐—˜ ๐—ฅ๐—˜๐—ฃ๐—ข๐—ฅ๐—ง

How many clients do you currently have? 5? 50? And how many invoices do you send every month? Hereโ€™s my point โ€“ itโ€™s hard to stay on top of past due invoices AND keep up with the rest of your business.