The Hidden Downfalls of an Unorganized Invoicing Process
Is Invoicing your clients one of your most dreaded tasks?
Honestly, that is an incredible common feeling.
Too often, our accounting systems are not set up optimally. Perhaps there are missing products or services from your Items list that require frequent adjusting, or the data in the list is simply filled with outdated language and pricing that requires constant over rides and triple checking before they can be sent.
These feel like little problems when you think about them, but if they are just irritating or confusing enough to cause you to procrastinate the task, you could be doing serious harm to your business.
The ultimate result of procrastinated invoicing is a hit to your bottom line.
You may forget to bill for all of the elements of the work because it happened so long ago. What a kick to your profit margins!
Delayed invoicing will also naturally lead to delayed payments from your clients. Interruptions to your cash flow may limit your ability to spend on marketing or training that is important to your business. Even worse, how the heck are you going to pay your employees or YOURSELF if you aren’t collecting on the sales you have rightfully made?
The bottom line is that your business can’t afford for you to be putting barriers in your own way when it comes to collecting money.
Check out this video to hear other ways that this effects your business AND how I help my clients solve it!
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