To avoid unhealthy cash flow, make your small business invoices correctly and professionally. Don’t fail to send them on time and follow up on a regular basis. Below, you can find the most important points concerning small business invoices. Also, you’ll discover exceptional alternative small business loans to grow your business successfully.
Invoices & Alternative Small Business Loans
According to Business 2 Community, 63% of invoices are paid within 30 days. On the other hand, there’re problems with invoice timing. In fact, making an accurate and professional invoice shows your business is organized and you can run it well.
So, let’s see what important steps you should take when creating an invoice:
- Make sure the customer is expecting an invoice and that the latter includes the charges.
- Your invoice should include the invoice number, your business’s contact info, recipient contact info, business tax ID, invoice date, list of charges, tax line, “Total Due” line, preferred payment method, and add a message on how the customer can contact you if necessary.
- Your business’s logo and contact information should immediately be followed by the date of the invoice.
- It’s too important to offer multiple payment options so to enjoy faster payments, which will, in its turn, bring you more cash flow, and not only. Offering multiple payment options to your customers can never be an issue if you work with a reliable merchant services provider.
Also, getting the necessary funds for your business can never be intimidating if you apply to a reputable alternative online lender in your space. This is the fastest way to access the financing you need, including alternative small business loans, a cash advance, and more.
- Haven’t heard from your customer? Follow up by all means.
- To show your customer the value you’ve delivered, list itemized products/services, fees, expenses, costs, and due dates.
- Avoid charging too much as it’ll make you dishonest in their eyes.
- Avoid charging too little so as not to appear incompetent.
- Consider using invoicing software such as FreshBooks, ZipBooks, Accounting by Wave, Xero, Zoho Books, OneUp, Kashoo, Sage Business Cloud Accounting, and not only.
To wrap up, the invoice you make speaks of your business. So, make sure to generate it appropriately so your customers get a fine message about your company.
Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners with their alternative small business loans solutions. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.