If you’re familiar with the basics of small business accounting, then you know that signing a new client doesn’t mean you’ll get their cash right away. If anything, you might have to wait several weeks or months before the money in your company’s accounts receivable hits your business’s cash account. And if you don’t send invoices for your work, you might never get that money.
Neglecting to send invoices can delay your clients’ payments, as often, clients need to receive invoices to trigger their payment processes. Since your clients likely record invoices in accounts payable upon receipt and pay according to their in-house pay schedule, your clients may miss or ignore payments without invoices to trigger their pay processes. Fortunately, sending invoices is easy. Below, we’ll walk you through how to create an invoice.
Dispatches From The Front 