On the outside, an invoice seems pretty simple- it’s a document that tells your customer that they owe you money, the amount they owe, and when it is due, right? Yes, but those are only a handful of the many things a well-crafted invoice should contain to ensure timely payment. Many of the companies who struggle with collections are not having a hard time because of their customers, it’s usually the company’s fault and invoices are among the top reasons for delayed payment.
Why? Because they are not sent out in a timely manner and/or the invoice has incomplete or missing information necessary for payment. Generally, all invoices should include the following: Continue reading