IMPROVING INVOICING AND CREDIT COLLECTION PERFORMANCE.
HEAR RACHAEL ON THE JEREMY VINE SHOW.
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IMPROVING INVOICING AND CREDIT COLLECTION PERFORMANCE.
HEAR RACHAEL ON THE JEREMY VINE SHOW.
Contact
A question I sometimes get asked by my clients is “when is the best time to raise an invoice” and it can vary from client to client, depending on the type of business and the terms in their contract. Ideally, an invoice should be raised as soon as your customer wants your product or service […]
Even though you could send the same invoice for the same product or service to two different companies you’ll probably find one of the companies pays you quicker than the other. You might find one company pays up front and extracting money from the other company is like squeezing water from a stone. Overall there […]
This is an interesting question to answer as it doesn’t apply to all businesses and obviously doesn’t apply when payment is taken up front. However, there are some cases where you’ll provide a product or service to a client but for various reasons, you can’t invoice them straight away, this is normally because there’s something […]
Having Terms is a key part of your business and while I’d always recommend you get them professionally written, I know there are a lot of businesses, often start-ups, who copy and paste their Terms from other companies. It’s absolutely fine to write your own Terms, but here are 6 things to be aware of: […]
They say “Cashflow is King” and it can really help to get some, or all, of your money up front from your customers. This means you can run your own company smoothly, without worrying where the next penny is coming from. It’ll make life less stressful and allow you to focus on what you do […]
To make sure you get paid for the products and services you’re selling, it’s really important to have the correct details on your invoices. If anything on your invoice is wrong your customer may delay or withhold payment until it is fixed. The second most important thing is to actually raise the invoice and send […]
Like all contracts, a coaching contract needs to be crystal clear what service is being offered, at what price and for how long. It needs to be written in plain English, spelling out what you’ll include and setting out the client’s responsibilities. How is a coaching contract different? Unlike other services, coaching is really personal […]
So you offer staged payments which is brilliant as it allows your customer to have better cash flow and you to sign up that customer as they don’t need to pay you everything up front. However you may find yourself in the position that your customer’s expectations and your own are often at logger heads […]
Yay! It’s Fun at Work and because we work for ourselves, we’re always having fun at work because we love our jobs, right? But how well are you looking after your cash flow? You probably started your business because you knew you’d be doing something you love and are really good at but while you’re […]
Christmas has been and gone, the decorations put away and everything looks bare and empty. The weather’s cold, drizzly and the mornings are still dark and gloomy. If you turned on the radio or seen any online news today, you probably know today is Blue Monday; the day in the year when we’re supposed to […]