In any small business, getting paid in full and on time is absolutely essential for survival. Ironically, many small business owners don’t pay enough attention to their invoicing and collection processes and find themselves in a constant cash-flow bind. (We’ve had to remind more than one small business vendor of ours to send us their bill!)
If you don’t have your system down pat and/or are worried about confronting past-due clients, you’re leaving hard-earned money on the table.
With so many online billing and payment systems now available, there’s no reason why quick and easy invoicing can’t be in your future. This article from Nerd Wallet, an online source of tools and objective advice on financial matters, lays out the steps to take and tools to use to collect the money you earned and keep your customers coming back for more.