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As a freelancer, filmmaker or small business owner, you work hard. You provide a phenomenal product or service, work with your clients to make sure they’re totally satisfied, and when all is said and done, you get paid.
Well, almost. There’s another step that you’re missing:
Last week a colleague of mine and I were hired for voice over work on a commercial. After we were done recording, the happy client asked us to invoice their company. "Sure, no problem". When we walked out of the studio my colleague frantically turned to me and said he had no idea how to send an invoice. "Ah my young Jedi" I said, "I was once in your shoes." You see, years ago I was just like him I would look up invoice templates online, add a logo, copy them and send them out manually, but when you're busy working on multiple projects and deadlines, you just don't have the time anymore to manually send out invoices one by one. It’s definitely one of the least exciting parts of the freelance or small business life. But it has to be done.
So, here are 3 tips to make invoicing process easier
1. Automate Invoicing You'll save time spent creating documents and looking up customer information. The right software can automate your invoicing process and cut down on mistakes made by manually billing your clients.
While there are plenty of options out there, we prefer Freshbooks for time-tracking and invoicing. It’s easy to use, has powerful reporting tools and delivers great looking invoices and estimates.
2. Make it Easy for Customers to Pay You Consider letting your customers pay you online. It’s easier on them, which means it’s easier for you to get paid. Some platforms charge a percentage on transactions and others a flat monthly fee. This decision will be dependent on the nature and volume of your business.
4. Number Your Invoices If a client has a question about an invoice, it helps to be able to find it quickly. You should number your invoices to track payments for easy reference later. This should be no problem with your invoicing software.
We hope these tips help maximize your cash flow! We have also partnered with Freshbooks to give you a 30 day free trial no credit card required to check it out. Click the link below to try today. (Paid link)
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