Invoicing Best Practices: Get Paid Faster

Late payments are a massive problem for Australian small businesses. The average small business is owed $30,000 in overdue invoices.

The Perfect Invoice

1. Your business details
2. Customer details
3. Invoice number
4. Date issued
5. Due date (specific date)
6. Itemized description
7. Total amount due
8. GST breakdown
9. Payment instructions

10 Strategies to Get Paid Faster

1. Invoice Immediately
2. Use Specific Due Dates
3. Shorten Payment Terms
4. Offer Early Payment Discounts
5. Make Paying Easy
6. Request Deposits
7. Automate Reminders
8. Follow Up Personally
9. Have Clear Terms
10. Know When to Escalate

Need Help?

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