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Are You An Invoice Procrastinator?

Friday, September 22 2006

This will sound ridiculous to a number of you. Most will think this is crazy. But some of you need this as a wake-up call. Invoice your customers.

One of the simplest ways to increase your cashflow is to invoice your customers on time. On time is whenever the subscription period, delivery, or other agreed terms of payment are met. It´s as simple as it sounds — invoice your customers.

I once worked with a company that was habitually late invoicing their clients. They are a good company, provide a great service, and are thoughtful people. They just can´t get invoices out to customers to save their life. They´re not alone. And the effects on their business are troubling — late payments to creditors, difficult vendor conversations, late fees, etc. All unnecessary.

Invoicing to some is like filing taxes, it seems like a chore. Usually it´s because there is no system in place or tools are lacking to gather required information and generate an invoice. Procrastination is the case for many.

Whatever the reason, there is nothing more frustrating than running out of money. Juggling accounts payable or negotiating payments to creditors is business as usual when you have unpaid customer invoices - unpaid because they were never received and not received because they were never sent.

So, do yourself and your business a favor, invoice customers on time. If you don´t have an easy way to invoice customers, get one. Your business and success depend on it.

In addition, make sure to read these articles:

  • America West extends partnership with Sprint.
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  • Non-paying customers?
  • HEADNOTE You can spend a fortune on management consultants to look at the problems in your business, but few people appreciate that the overdue list ......
  • CTIG and Siemens Plc Agree to Restructure Databit...
  • VALLEY FORGE, Pa.--(BUSINESS WIRE)--March 9, 1999--CTI Group (Holdings) Inc. (OTC:CTIG) today announces that it has agreed with Siemens Plc that the purchase price for its ......
  • Mail important to Internet commerce
  • A recent study commissioned by Pitney Bowes Mailing Systems Division, The Role of Mail in E-commerce Study, reveals that half the companies surveyed had increased ......
  • Citibank Licenses e-Billing Software to BP.
  • Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 15, 2002 Citibank e-Business, a unit of Citigroup (NYSE:C), the premier global financial services company, announced today that it has ......
  • Companies Selling on the Web Say Mail Is Best...
  • Mail plays a critical role in the rapidly growing Internet economy, according to a new study of companies conducting e-commerce. Commissioned by Pitney Bowes Inc....
  • Deductions: "cashflow killer."
  • None of us likes deductions, but if you deal with mass merchandisers, you know they are going to happen. Approximately 90 percent - depending on ......
  • Stockmann Adopts TietoEnator's Invoice...
  • Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 4, 2001 The Stockmann retailing group has concluded an agreement with TietoEnator on the electronic data interchange of Stockmann invoices....
  • Gartner Says Internet Billing to Triple by End...
  • Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--February 20, 2001 According to a recent Gartner Group, Inc. (NYSE: IT and ITB) study, the number of companies sending out ......
  • Invoice Insight Announces Acquisition of Oreon.
  • Acquisition Enhances Global Telecom Expense and Asset Management Solution MANASSAS, Va. -- Invoice Insight, the leader in Software-as-a-Service (SaaS) Telecom Expense Management (TEM) solutions, today ......
  • E-invoice free for the asking
  • Rapid e-Invoice is the first XML-based single standard electronic invoice that can be used throughout industry, according to its sponsors, a group of accounting professionals ......
  • Invoice finance: Filling an important gap
  • HEADNOTE Subhash V Thakrar offers a "back to basics" look at the invoice finance market, detailing its growing importance in today's marketplace. IMAGE ILLUSTRATION 1 ......
  • UTMB Announces New Partnership to Focus on...
  • GALVESTON, Texas -- The University of Texas Medical Branch at Galveston / Correctional Managed Care Division and Medical Development International (MDI) of Ponte Vedra ......
  • NEBS Software & Services introduces One-Write Plus...
  • NASHUA, N.H.--(BUSINESS WIRE)--Dec. 4, 1995 -- The Software & Services Division of New England Business Service, Inc. (NYSE: NEB), the leading provider of integrated business ......
  • Is e-business for you?
  • You've read the statistics. GartnerGroup predicts that by the year 2000, almost 60% of companies worldwide will engage in some form of Internet commerce. Market ......

Latest Comments in  posts

Its helps to have a good invoicing tool. http://www.LessAccounting.com ...
By: Allan Branch on 7/31/07 at 9:00 PM
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