Do you enjoy invoicing? No matter what business or industry you are in, invoicing is one of the tasks that must be done. For most people it's one of those things that needs to be done but isn't much fun. Most people will put off doing their accounts until they can't leave it any longer and then the job has grown and is even more frustrating.
Invoicing can be managed easily and efficiently as long as you have the right processes in place. Here are my top 3 tips to point you in the right direction:
- Start with the right accounting software for your business, this will vary from business to business and industry to industry but you should choose one that you are comfortable with that can handle everything you need.
- Make sure you have a process in place for how the invoices will be managed from start to finish, including how to follow up on unpaid invoices. I like to create a checklist to make sure that all steps are followed and nothing slips through the cracks.
- Schedule time each week to manage your invoicing - make payments, update software, chase outstanding invoices, file invoices etc. Don’t let the task build up until it is out of control.
If you are handling your invoicing manually it’s time to think about some software to help you keep the accounts under control. Here are some suggestions for you to consider:
Designed for legal firms:
If managing your invoicing is taking up a lot of your time then maybe it's time to outsource that task so that you can focus on the the things you love to do in your business and not the invoicing that is frustrating you.
If you need any help with what to outsource and how to receive some assistance please contact PA Excellence today and we can take the frustration out of your day by managing your invoices for you.