The first step of the accounts receivable management process is invoicing. It seems pretty straight forward and easy, but many times unclear invoices are at the root of late payments. Here are 8 common invoicing mistakes to avoid in order to become more effective in not only collecting accounts receivable, but doing it before they are past due. Continue reading
In the first part of this blog, we discussed 4 Invoicing Best Practices including, the importance of being timely, why and how you should be clear and complete, double checking your addresses, and Understanding the internal approval process is helpful for large customers. Here are four more Invoicing Best Practices to help you improve your credit and collections activities.
The first step of the accounts receivable management process is invoicing. It seems pretty straight forward and easy but many companies (especially smaller companies) flounder to get invoices to customers in a timely manner or worse yet; the invoice has incorrect information that delays customer payment. After all, it’s hard to collect an invoice that the customer does not have or which is inaccurate or incomplete. Here are a few Invoicing Best Practices to make your billing process more effective. Continue reading