![]() ![]() Ultimately, your payment terms may vary based on your customer, product, or service. ![]() Payment terms depend on factors such as your industry, your business needs, your relationship with the customer, and their credit record. With this comprehensive guide to small business invoicing, we’ll give you some ideas and suggest tools for making invoicing easier, improving payment collection, and boosting cash flow. If you want to avoid uncomfortable interactions with customers and reduce your uncertainty about collecting payments, it’s helpful to understand what you can do to achieve this. It is how you get paid and consequently, greatly impacts operating cash flow. ![]() No one wants to play the role of debt collector or risk irritating customers.ĭespite some small business owners’ discomfort with invoicing and collections, these activities are essential to running a business. On the other hand, one of the most challenging things about invoicing for small businesses is asking customers politely but firmly to pay on time or to make good on late payments. ![]() On one hand, effective small business invoicing requires certain processes and policies (more on that later). Invoicing can be one of the most stressful parts of running a small business. ![]()
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