Get paid faster: tips to speed up the payment process

Get paid faster

Invoicing clients is easier than ever thanks to user-friendly software and apps. But invoicing and getting paid are two different things. If customers aren’t paying on time, maybe the problem is with your invoices. You would be shocked how often these problems can be prevented. Sometimes it’s as simple as making sure you’ve emailed your bill to the correct address. Here are some other tips that can speed up the payment process.

  • Clients should never be surprised by anything on the invoice. All payment amounts, and description of services should be discussed at the beginning of the project or when the order is placed.
  • Keep your invoices simple. An invoice that is too complicated or has too many elements is likely to be confusing, leading to delays.
  • Make your contact information easy to find on the invoice. Clients should be able to contact you with questions right away.
  • Consider shortening the payment due date to 5 -15 days. An incentive for early payment—such as a small percentage off the total—could speed up the process.
  • Explain clearly how you accept payments (by check, credit card, PayPal or money transfer). The more options you offer, the quicker you’re likely to get paid.

This will make a great read “poor cash collection hinders some growth

Related Articles

Guiding principles for a successful business How is it that one business can take resources and create profit while another can take the same

As a small business owner, a deep understanding of your company’s financial situation drastically improves your chance of long-term success. When you know exactly

Checks and Balances For Small Businesses: When your designing your business structures, you want to make sure you’re hoping for the best from your

Contact Us

Address

17 Military street, Onikan, Lagos Island, Lagos, Nigeria.

Phone

+234 703 417 2590

Email

info@midridgeinternational.com

Subscribe Now For Exclusive Offers And Updates!

Subscribe to our newsletter for the most recent blog posts, promotions, and updates delivered right to your inbox.