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How to Keep Track of Invoices & Payments: A Comprehensive Guide
Among many crucial business practices, learning how to keep track of invoices and payments emerges as mission critical. Recent statistics reveal that 11% of customers never receive their invoices, with 35% of unpaid invoices remaining for over 30 days. These numbers underscore the importance of invoice monitoring, as it safeguards revenue streams and fosters financial […]
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How to Accept Credit Card Payments On Your Phone / Tablet
There are many things a business owner can put off, but invoicing is not one of them. Timely invoices help ensure a healthy cash flow so you can keep For many businesses, accepting credit card payments on a mobile device is the easiest—and fastest—way to get paid. Using a smartphone or tablet to generate an […]
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How to State Invoice Payment Terms (with Example Wording)
There are many things a business owner can put off, but invoicing is not one of them. Timely invoices help ensure a healthy cash flow so you can keep your business running. However, it’s not enough to just tell your customers how much is due. You need an invoice that includes: the date of the […]
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How to Offer Net 30 Terms (for Small Businesses & Contractors)
The lifeblood of every business is cash flow. Small business owners and contractors need money coming in so they can pay their suppliers, employees, and themselves. One way to help maintain steady cash flow is by offering net 30 terms. For many people new to running a business, this common invoicing practice is unfamiliar. Here’s […]
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How to Accept Payments Online (Credit, ACH, PayPal, QR Codes+)
How to Accept/Collect Payments Online Having the ability to collect payments online has become an increasingly important part of doing business. The ease and convenience of paying online with a variety of methods have led to more customers buying more products and services than ever before. Offering multiple ways to accept payments online can lead […]
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How to Fill out a Rent Receipt (with Example)
How to Fill out a Rent Receipt (with Example) If you receive rental payments for the property you own, you need to make rent receipts (a.k.a rental receipts) a part of your payment process. A rent receipt is a “proof of payment” document that shows the rental price paid, any added fees, and the date […]
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How to Calculate & Charge Late Fees on Invoices
How to Charge Late Fees on an Invoice (with Example) Did you know that on average, small businesses spend 15 days each year chasing down late invoice payments? Not only is that an annoying statistic, but it’s also a costly one. You could spend those days working on other projects (and getting paid for them), […]
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How to Write a Past Due Invoice Email
How to Write a Past Due Invoice Email (& Deal with Ghosting) As a freelancer or business owner, chances are you’ve had to send at least one past-due invoice email or payment reminder. In fact, 54% of businesses are currently experiencing delays in payments due to pandemic-related challenges. It can be tricky to get the […]
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How to Write a Strong Invoice Email – 3 Examples/Templates
How to Write a Strong Invoice Email – 3 Examples & Templates As a freelancer or contractor, you need to send invoices for your work. It’s important to write these invoice emails in a way that gets them paid as quickly as possible. In this article, we’ll outline what you need to include to write […]