Do your invoices tell your customers the time limit for payment? We often see invoices that miss this vital information.
If you don’t explicitly say when your invoice is due, how will your customer know when to pay?
Sit down and jot down what you want for your business. Knowing your clients, when should you request payment? Before you begin work? At specific stages or as soon as a job has been completed?
Not including a time limit for payment is, in essence, you leaving the floodgate open for leaks!
#business #cashflow #debtrecovery #disputeresolution