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 can avoid spending time or energy manually generating them.
Manually generated invoices can often have errors that can lead to late payments and ultimately harm your business’ chance for success. Constant cash flow is necessary to maintain utilities like electricity, to pay staff and purchase supplies. When payments are delayed, it can create significant problems. When payments are delayed, it can create significant problems.
Small businesses spend an average of 130 hours each year chasing late invoices and often do not receive outstanding payments until 30 days after the contractually agreed terms.