One of the best things about freelance writing is getting paid. The right invoice can increase the chances that you’ll get paid on time and in full. Here are three things to keep in mind as you create invoices.
A good invoice template provides consistency and looks professional. Your template should include:
You should also set up a format you use to identify ongoing invoice numbers and identify clients. Each month, all you have to do is just fill in the info.
Invoicing can be even quicker with Quickbooks. You can create your template in Quickbooks, set up your clients, and then ask for money when necessary. Quickbooks also makes it easy to help you keep track of payments and offers various payment options for your clients.
Plus, if you’re connected to your account, it just shows up, making accounting easier, whether you’re paying your taxes or preparing an income report.
Create a system to follow up with clients. Quickbooks can be set up to send automatic reminders if your clients don’t pay when they should. You can also review your payments and see who owes you money.
Templates for follow-ups at certain points past due can also be helpful. All of us have templates that include a 90-day follow-up that makes reference to a legal and accounting team. It’s one of the best ways to get paid when clients are especially slow.
The better you systemize your invoicing and payments, the more likely you are to get paid, and stay on top of the situation, reducing the amount of time you spend following up and increasing the dollars in your bank account.