Xero Invoicing Tips

A key issue in managing your cash flow is getting paid by your customers as quickly as possible. Since most businesses don’t get paid upfront in cash and rely on issuing invoices to customers, it’s really important to speed up the time to get your invoices paid ASAP. In the current economy cash is king and timing is everything. Business owners experience the stresses of managing the cashflow of their business.

How often do you get paid?

As a small business owner, life will be a lot less stressful if your customers pay you faster.

Here is a collection of tips to speed up the process of getting paid – which can dramatically improve your cash-flow.

• Invoice immediately
• Email your invoicees
• write detailed descriptions
• have clear payment terms
• encourage direct payments into your accounts
• send regular statements
• have a separate person call your debtors
• update your systems regulary