Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Efficient Invoicing Strategies for Freelancers and Web Designers to Get Payment on Time

By Invoicera Subscribe to RSS | April 13th 2012 | Views:
loading
 
  



When it comes to managing the finances of a business, it is certainly not a very exciting task. It can prove to be quite cumbersome and boring. Moreover, if one is not from accounting background, managing finances will seem like a herculean task. And the fact is that most of the designers do not prefer to take care of finances even if it is an integral part of a business.

In order to run a designing company successfully, mere designing skills are not sufficient. You need capital to run your business successfully. And for that you need to send an invoice to your clients so that they can send you your fee. Mentioned below are some great freelancing tips for freelancers and designers who are about to start their own company.

First and foremost, you need to find a powerful and a robust invoicing solution. Although there are plethora of online invoicing apps available. These online invoicing apps are designed keeping in mind the requirements of freelancers. Some of these apps are available for free, while others come with a price tag. The paid invoicing apps are available in different price range. The price of an app depends on the features provided by it. The more features an app has to offer, the higher will be the price.

Other than generating the invoices, an online invoicing app also helps a lot in saving a good amount of time and allows you to manage an archive of invoices in an efficient manner. An effective professional invoicing application helps you in searching previous bills, figuring out received funds. It also makes other such tasks a lot easier. Therefore, you should select an invoicing application carefully based on your basic requirements. Some apps are available with just one time fee, while others are available with a monthly subscription fee.

Secondly, you need to keep your clients well informed. Whatever policies you have set for your business, for instance- payment terms, hourly rates, pending amounts etc should be conveyed to the clients very clearly. If a client finds something irrelevant in the invoice, they may want to clarify it and this will result in a delay in your payment. Therefore, it is imperative that when you send your invoice, you should make sure that the client is aware of everything that you have mentioned in the invoice.

Thirdly, you should define all your policies well. Good clients always pay on time. But sometimes due to certain reasons there could be a delay in the payment. Here is what you should do if a client does not pay on time.

1.Determine how many days you want to give to clients for late payments.

2. Decide the amount of late fee that would be levied.

Once you set up the policies, you should also be flexible enough to accommodate some exceptions. For instance- if a client has a genuine reason for the delay in the payment, you should waive the late fee.

Fourthly, you should include your contact details in the invoice. Your contact details should be there stated clearly. Also, you can include some basic information about your business. You can include information like you name, company name, address, contact number and the email id. Including your contact details makes sure that the process gets accelerated and the client knows whom to contact if the need arises.

You should also include client's information in the invoice. This is very important. It helps in establishing the fact that you are expecting payment from them. And if there is a non payment issue, you can always use the invoice as an evidence.

Another important thing to be mentioned is the due date of the invoice. State clearly by when the client should make the payment. If you do not mention the due date, you will not be able to implement your late fee policies. After designing the policies for non payment, you can include them as a note in the invoice.

Lastly, and importantly, you must mention the mode of payment which you accept. This will help clients in knowing how to transfer your fee to you. Also mention the details of the recipient. If you miss out on any important information, it may delay your payment.

Invoicera - About Author:
Invoicera is an Online Invoicing, Time Tracking Software & Expense Tracking software which is specifically designed keeping simplicity and online invoicing convenience in mind, while at the same time offering the best of the breed invoicing features.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/efficient-invoicing-strategies-for-freelancers-and-web-designers-to-get-payment-on-time.htm

Related Business Articles Subscribe to RSS

Use Truefabrications.com coupons and shop online for you desired product
Published by Jaya Honey on December 1st 2011 | Business

Discount Truefabrications.com coupon codes are available in print as well as online. Purchasing ...
 
Get effective online savings by using Purelygadgets.co.uk online Purelygadgets.co.uk Voucher Codes from website www.deals365.us
Published by Gayathri Akshithadevi on July 18th 2012 | Business
With the Purelygadgets.co.uk Voucher Codes you can be sure that the service is reliable and you will...
 
Frisor Amager booking online
Published by Anthony Kevin on February 25th 2012 | Business
The devotion of the Frisor Amager is repeatedly accepted as splendid in their shop setting brings ab...
 
Should you trust an online bookkeeper?
Published by Amitaabh Saboo on February 1st 2012 | Business
Bookkeeping can be complex. Outsourcing your bookkeeping can not only save time, it will also save m...
 
Buy the most suitable IP camera software——www.apexis.cc
Published by Guardlyer on March 12th 2012 | Business
This absolutely is just a ample overview of account of IP camera software. There are abundant adde...
 
What is Document Assembly Software,document assembly software
Published by Julia Roger on May 15th 2012 | Business
Managing hundreds of official documents is undoubtedly one of the toughest and most irritating jobs ...
 
Basmati rice supplier – b2b rice suppliers at online market
Published by David Hudson on July 18th 2012 | Business
Rice; a staple food of Bangladesh, heavily consumed in India and the Asian continent as its top prod...
 
Clean your windows through reliable professional window cleaning services online
Published by Mithun on June 5th 2012 | Business
Welcome to squeakyclean.net.au, Melbourne's Number #1 Window Cleaning Specialist offers best Window ...
 
Paintball-Online.com coupons or codes would be another meaningful addition to any online websites
Published by Pappu Sujitha on December 28th 2011 | Business
Paintball-Online.com coupons or Paintball-Online.com coupon codes should be given enough credit for ...
 
Justentrywayfurniture.com coupon codes allows huge amount of savings on your online purchase
Published by Gayathri Devi on March 1st 2012 | Business
Deals365.us will provide you wide range of Justentrywayfurniture.com coupon codes offering various d...
 
Go for online shopping with Agila.de coupon codes and save money on products
Published by Gayathri Kaanchanadevi on August 23rd 2012 | Business
Coupons2grabnow.com has Agila.de coupon codes and Agila.de promo codes and lots of Agila.de discount...
 
Finding the Best Penny Auction Sites online
Published by Tom Cruise on April 23rd 2012 | Business
Cheap online penny auctions is a developing trend of beat time that abounding bodies are consistentl...
 
Shopping online with Horizonfitness.com coupon is a wonderful experience that saves time and money
Published by Gayathri Devi on February 22nd 2012 | Business
People can enjoy amazing savings on their shopping expenses by going for online shopping. The online...
 
What the common mistakes people commit while buying a cheap textbook online?
Published by Alberta Reid on March 23rd 2012 | Business
If you are looking for a cheap textbook, buying it from online stores is an ideal choice. However, y...
 
Advantages of hiring SEO Next professionals for your online business
Published by James Blee on March 3rd 2012 | Business
SEO Next professionals are in fact the most sought after among business establishments that are look...
 
Grounds for online Loans Which you Can Put On
Published by Claire Hayse on May 17th 2012 | Business
The online lenders of payday loan online along with other online loans have certain basis ore criter...
 
Aryng’s Analytics Training in San Francisco takes professionals beyond Big Data software tools
Published by Piyanka Jain on February 10th 2012 | Business
Aryng’s upcoming analytics training for business professionals is going to be held in San Francisc...
 
Reseller hosting provider: an opportunity to the new line in online business
Published by Genevieve Ackles on February 15th 2012 | Business
If you are working in IT industry and are looking for new business opportunities, there is a good op...
 
Get best LED TV in India online now
Published by Ashish Pandey on May 8th 2012 | Business
Best LED TV can be purchased with much ease when you opt to get it through the online stores....
 
Cheap clothes online have a wide range of quality products
Published by Fashionstudio1 on January 6th 2012 | Business
Though, if you have stiff budget merely you are seeking nice dresses to wear out, and then you ought...