1. Keep your invoices (seriously) simple

Make your invoices as clear and simple as possible. Include information on how to make the payment, along with your contact information so customers can easily get in touch if they are confused by anything.

2. Email your invoices

Are you still posting your invoices? Sending your invoices by snail-mail slows down the process and decreases your chances of getting paid. Email your invoices or even better send them through software so that your customers can just click a button to pay you instantly.

3. Incentivise early payments

How can you encourage your customers to pay early? Can you offer discounts or gift certificates? Did you know that simply using polite language such as “Thank you for your business” on your invoices can increase your chances of getting paid faster?

4. Send friendly reminders

Don’t be too passive about your debtors! Remember, if your customers haven’t heard from you in a while, then you’ll most certainly be the last of their vendors to get paid.

5. Don’t wait!

The sooner you send your invoice, the sooner you get paid. Instead of waiting until the end of the month, send an invoice to the customer as soon as you’ve completed a sale. Make it a habit to invoice ASAP!

Remember that numbers tell the story of your business.