Is your accounting firm due for a checkup?
When was the last time you did a health check on your accounting firm? Knowing your practice inside out is vital to building a thriving business.
Only the right solution lets you spend less time managing invoicing and payments and more time growing your business.
Invoices are an essential part of most businesses’ finances.
A properly designed invoice helps you get paid on time, provides legal protection for you and your client and validates your company’s revenue. While invoices are undoubtedly important, you don’t need to spend time or energy manually generating them.
Manually generated invoices can often include errors that can lead to late payments and ultimately harm your business’s chances for success. A constant cash flow is necessary for keeping the lights on, paying staff and purchasing supplies. When payments are delayed, it
can create significant problems. Yet small businesses spend an average of 130 hours each year chasing late invoices and often don’t receive outstanding payments until 30 days after the contractually agreed terms.
Unpaid invoices happen for many reasons. One of the most common reasons is when statements contain errors. Invoices include crucial information about your company, your client and the services provided, and clients can refuse to pay when this information is incorrect or doesn’t match their records.
Scott and Elise Honeybrook, Owners
Grumpy Donuts, Australia
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