Date Added: Apr 2010
An efficient invoicing process is essential to maintaining a healthy cash flow. Smart invoicing can significantly shorten the time between when you complete a project and when you get paid for it. It can also reduce the time spent sending invoices and handling payments. No matter what your current invoice process is, you can take steps to help improve both timely payments and customer relations. Before establishing relationships with new customers, research their credit and payment histories so you can avoid companies with payment issues. Have them complete a credit application and check their references.