In all things involving your business, being punctual can make or break your operation. This is especially true when it comes to billing.
By Jennifer Paulson
Do you tend to lag in sending out invoices? Here are four reasons that lack of attention to detail can hurt your business.
1 Slowing Your Financial Success.
Anytime you don’t send an invoice on time, you hamper your bottom line. You might not have the income you need to pay your own bills on time, let alone paying yourself and your help.
2 Setting Bad Habits for Customers.
If you can’t be bothered to send your invoice by the designated date in your contract, you set the stage for your clients to think it’s OK to be casual about paying you. This can lead to friction in your client relationships.
3 Forgetting to Send Invoices Entirely.
When you don’t stick to a schedule, it can cause you to forget to send an invoice, which means lost income for yourself.
4 Sacrificing Your Reputation.
Lack of attention to invoicing can cause clients to question your business acumen, which can influence your reputation with current and future clients.
Get yourself on a solid invoicing schedule, and stick to it. It’ll streamline your accounting processes, ensure that cash keeps flowing into your business, and establish confidence in your customers that you know what you’re doing as a business owner.
