If you want to get paid on time as a small business accurate invoicing is an important element, but other factors also play a part. Presenting invoices that are easy to read and understand, clearly laying out your terms of trade, also limits the opportunity for customers to delay payment via contrived disputes.

So what aspects of invoicing do you need to focus on to get paid on time?

Due date for payment

To some extent, the industry you operate in dictates when you’ll get paid. Construction, for example, is renowned for its lengthy payment cycles largely due to the number of businesses in the supply chains, and the ‘retention money’ system that’s used.… Read more