Accounts Receivable Management: Crafting the Perfect Invoice

The first, and arguable the most important, step of the accounts receivable management process is invoicing. It seems pretty straight forward and easy, but many companies flounder to get invoices to customers in a timely manner or worse yet; the invoice has incorrect, incomplete, or missing information that further delays payment from your customers. What information is required for the perfect invoice? Some of these may seem a little obvious, but you’d be amazed at what some companies leave out and the negative impact that has on their ability to quickly collect on their invoices. Continue reading