Clear Profit 365 Inc.’s Post

How sacred do you consider your invoices? Just had a customer short-pay our invoice for service. Handwritten across a copy of the invoice was an adjustment for a reduction they thought they were entitled to take. I have to admit I was a bit perturbed. There was no contact from the customer in advance of issuing the short-payment. There was not even a clear explanation of the reduction other than to say, "reduced". After a moment's thought and reflection, I held off on depositing the check. I sent an email the customer explaining that I had 2 issues with the short-payment: 1. Talk to me first, and 2. Explain your rationale for the deduction. I almost wonder if this customer is using this as some sort of test of how firm our pricing is... Give an inch and they'll take a mile...

We love to make sure that money is coming in. But most customers won’t pay without seeing any invoices to pay. If you want customer to pay your receivables come in more quickly this way, make sure that invoices are sent immediately. Make sure you understand the basics of how to put together a good invoice. You'll want your invoices to be easy to read and the terms clearly stated. Have the due date stated in a few places (preferably in bold), including at the top of the invoice and on the payment slip at the bottom. Include clear instructions regarding payment types accepted. If you charge late payment fees, make sure you include this information as well. Need help in making sure that invoices are sent on time? Book a call with us at https://lnkd.in/gHDdrc4K

Sending your first invoice? Don't sweat it! Here are 3 essentials to know before sending your first invoice. 🧾 . Invoice vs. Receipt: Know the difference! 🧾 . An invoice is a formal request for payment, sent before services are rendered or goods are delivered. It includes details about the products or services provided, the total cost, and payment terms. 💰 . A receipt is a proof of payment, issued after you’ve received money. It confirms the transaction and usually includes the date, amount paid, and payment method. ⏳ . Don’t mix them up! Use the right document at the right time.💼 Need a hand? Our free invoice generator can help! www.send-invoice.com . . . #sendinvoice #invoicingtips #businesstips #freelancelife #invoicingtips #businessknowledge #financialtips #invoicegenerator #freeinvoicemaker #onlineinvoices #freetool #freetoolforinvoices #smallbusinesses #smallbusinessestool  

Take the hassle out of your invoice run so you can get them out the door on time, every time. Read the article to find out how: https://lnkd.in/gXiiTjvy

Invoice issuance requirements based on Section 31(1) of the Act: Goods Involving Movement: When: At or before the removal of goods. Goods Not Involving Movement: When: At or before delivery to the recipient. Continuous Supply of Goods: When: Before or at the time of issuing a periodical statement or receiving a periodical payment. Approval for Sale/Return Basis: When: Before or at the time of supply, or within 6 months from removal, whichever is earlier.

Quick and extremely useful tip: When sending an invoice to a client by email (especially to new ones), !!always!! ask for confirmation of receipt. For many customers, the payment cycle is quite long (30+ days) and you can wait for payment on the 31st day, but it turns out that they did not receive the invoice. (For example, the letter ended up in spam - maybe you were too active with emailing from your corporate email for some reason 🤔) So it’s very easy to get a delay in payment out of the blue, which, if the customer is large, can cause problems for the company’s cash flow. Be one step ahead - ask for confirmation.

Incorrect pricing on invoices. It’s an easy fix. Yesterday, while cold calling, a prospect invited me in. “Perfect timing” he said. They’d fallen out with their long-term supplier due to invoice discrepancies. Despite requests to escalate, the issues weren’t addressed, and now he's dropping them as a supplier. All it would have taken to stay a supplier was: - Resolving invoice issues quickly. - Keeping the customer updated. - Implementing fixed pricing. After the meeting, I sent a price list to the customer. If he accepts, I’ll upload them on our system. Every order will reflect the agreed price, eliminating invoice queries and saving time. It’s simple, easy, and effective. Want to spend less time checking invoices? Contact me, and we’ll set up fixed pricing together.

Invoice issuance requirements based on Section 31(1) of the Act: Goods Involving Movement: When: At or before the removal of goods. Goods Not Involving Movement: When: At or before delivery to the recipient. Continuous Supply of Goods: When: Before or at the time of issuing a periodical statement or receiving a periodical payment. Approval for Sale/Return Basis: When: Before or at the time of supply, or within 6 months from removal, whichever is earlier.

Don’t let overdue invoices ruin your Friday! Unpaid invoices can turn a good week into a stressful one. Our tailor-made solutions ensure your cash flow stays smooth, so you can enjoy your weekends worry-free. #InvoiceSolutions #HappyFriday #CashFlow #McQueenPartnership

Check out our blog post on how to negotiate payment terms with customers ⬇💬 It covers everything from key invoice payment terms, to best practices when negotiating payment terms with new and existing customers, and how to ensure timely payment post-negotiation. Swipe to see the highlights and read the full blog post here: https://ow.ly/fxML50QGlA8