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Self Employed? Save Time Invoicing

November 1, 2018 by OSYB Staff

You have achieved one of your dreams, to be self-employed.  Congratulations!  Now it is up to you to maintain a strong and stable cash flow.  If you have multiple customers, you are responsible for tracking hours, creating  invoices and sending them to customers, corresponding with accounts payables, and ensuring that your invoices are paid in a timely fashion.

There are a lot of moving pieces to control and maintain good cash flow management.  Intuit Quickbooks shares tips of how the self-employed can save valuable time and resources invoicing clients:

  • Research and use invoicing software as soon as you start your business
  • Make your invoice terms clear with a schedule
  • Offer options to make paying your invoices simpler for your clients
  • Be definitive about your late payment policy
  • Offer mobile payments

Consult, discuss and understand your cash management flow with an accounts payable professional.  Streamline and automate as much as you can so that you can spend more time on creating value to your small business through billable hours.

For more details:  5 Time-Saving Invoicing Tips for Self-Employed

Image Credit:  Deposit Photos