If your business is weak on billing, you may be spending too much time and money chasing payments. A recent DocuSign survey of small businesses found nearly two-thirds of bills require a time-consuming process, which can significantly delay receipt of funds.Identifying bad habits in your billing practices is the first step toward improving them.

Read on for five common mistakes and fixes you might make. For more insight into what billing and collections inefficiencies are costing your company, complete the worksheet that follows this article.