When you send out your freelance invoice, it’s important that you send out the correct information.
This means that you need to be aware of the business needs of your clients, meaning that they need the invoices as quickly as possible.
However, many freelancers are very busy working on increasing their customers and improving their products or services, which can sometimes lead to burnout.
While this is an understandable excuse, it is no justification for sloppy invoices.
In order to help you make sure you have all the important points on your freelance invoice, we’ll show you the three most important you need.
Your rates
The first great point you need to take care of is to make sure you have all the rates and prices for your freelance business right on your freelance invoice.
This is important to do even before your client signs up for your business. It will help you to clarify any problems and avoid any problems on your client’s side.
It will also serve as a good reference point for yourself when you are trying to figure out how much to charge a certain client.
Your invoicing
Another important part of your freelance invoice is to make sure that you have a payment schedule included.
How will you get paid? By the hour at the end of the week or month? Or only when the project is finished?
You will need to make this crystal clear in order to clear up any potential confusion between you and your client.
You also need to include the type of payments you’ll accept. Is it PayPal? Credit or debit card? Bank transfer? Cash only?
These all-important aspects will help you to get your freelance invoice paid on time.
Also, you need to determine how long the client has to submit payment for the invoice.
Will it be 45 days? 30 days? Or something even better, such as 15 days? Although 30 days is the standard across the business world, although an archaic standard, 15 days is a much better time-frame.
Your contact
Who are you sending your freelance invoice to? This is very important to figure out early on because it will help you to avoid any confusion later on.
One of the big reasons that your invoices may be getting paid late is because you may have potentially sent the invoice to the wrong person.
If you don’t know who your single point of contact is, that could very well be the case. With multiple contacts, you have multiple chances of making an error in the processing.
Find the one person responsible for invoices in your client’s organization and make sure to contact that person only when it comes to invoices.
Get your freelance invoice paid on time
With these fantastic invoicing tips, you’ll see just how quick and easy it can be to get your invoices paid on time.
If you have done your work and spent your energy creating the perfect product or service, there’s no reason whatsoever for you to be paid late anytime.
Follow these steps and you can be sure that your invoices will be paid on time and your cash flow will be positive.
