Billing for goods or services can be a headache for the small business owner. It is often time-consuming and takes away from the “meat and potatoes” activities of running and growing the business. However, good cash flow is vitally important, so getting your customers to pay (and pay quickly!) is worthy of a business owner’s attention.
In a recent Forbes article, contributor Ilya Pozin interviewed Shawn Cadeau of the online billing service FreshBooks to get some insight into best billing practices. Some of Shawn’s suggestions are using polite language on bills, simplifying payment options (by offering electronic payment, for example), and establishing automatic late payment reminder notices. For the remaining tips, click here to read the full article.