How to write effective invoices
If you’re a business owner or a freelancer, then you either have or will come across a late or non-payment. This can be an absolute nightmare when you’re trying to balance your bank account. They not only impact your cash flow, but there’s nothing more time consuming and awkward that having to chase clients. Now, there’s no way to 100% make certain a client pays on time, but there’s certainly a number of steps you can take to improve the probability of the money going into your account on time. That way, you’ll be left to doing what you’re actually good at, like running a business instead of wasting time tracking down payments.
Sign a contract that specifies the terms
If possible, make sure you finalise a contract with the client or business you’re working with. It should clearly state the specific payment terms. This will give you something to refer back to if you have to chase the client. You could even include an incentive or discount for early payment, or a price increase for late payments.
Include your payment terms in both your invoice and accompanying message
Once you’ve specified your payment terms, make sure you write them clearly within your invoice. Usually invoices get sent over email, so use the email as a place to reiterate your terms including the payment date.
Use a professional invoice generator
If you still find yourself in a position where you’re strapped for cash thanks to a non-payment, then Loan Bird provides Payday Loans which can tide you over until the money comes in. We cover the whole of the UK thanks to our online system. So whether you live in Manchester, or Maidenhead, there will be a financial solution for you.