Recently we looked at why setting terms and sticking to them is so important to cashflow. But here’s some more invoicing tips for improving cashflow in AccountRight.
Invoice early, invoice often.
It seems obvious, but invoice the moment work is complete. Don’t wait until the end of the month or even the week. The earlier you invoice, the sooner your payment terms kick in and your customers will pay.
AccountRight helps here, and the OnTheGo app lets you invoice from your mobile phone. So, the minute the work is finished, you can create an invoice and email it to your customer. For tradies who are always on the road, downloading the OnTheGo app will turn your smartphone into an even more necessary companion.
Download the OnTheGo app from the App store for iPhones, or Google Play for Android.
Personalise your invoices to give your customers more ways to pay you
Make it easy for customers to pay you, and there’ll be fewer excuses as to why they haven’t paid.
Make sure your terms are clearly set out on your invoice, but also make sure that your clients can clearly see the information set out in your invoice. The clearer you can make your invoice, the less likely clients are to query payment.
Add your bank account details to your invoices, so customers can make direct deposits.
Watch the video to find out how to personalise a generic AccountRight invoice.
If you like invoicing on the spot, consider adding PayDirect to your payment options. Turn your smartphone into a card reader, and you’ll be able to take credit card payments and EFTPOS payments on the spot.
Find out more about using PayDirect and where to download the apps on the MYOB website.