13
My invoicing system was a mess until a fellow freelancer sat me down
I used to just send a PDF invoice whenever I remembered, usually 2-3 weeks after a job was done. Then I met a graphic designer at the Flying Star downtown who showed me her setup. She uses QuickBooks and sends invoices the same day she finishes work, with a 3% late fee after 30 days. I switched to that system 6 months ago and my average payment time dropped from 45 days to 18. Has anyone else found a billing trick that actually worked?
3 comments
Log in to join the discussion
Log In3 Comments
victorhernandez14d ago
My buddy tried that same thing after hearing about it. Switched to Square invoices with automatic reminders and got paid in 2 weeks flat.
5
jackson.max13d ago
The 3% late fee thing is smart but I took it a step further after talking to @victorhernandez about Square. I added a 2% early payment discount if they pay within 7 days and honestly it changed everything. People love a little reward and most of my clients now pay within a week to save that 2%. The key is mentioning it right on the invoice in bold so they see it first thing. My average payment time dropped to 11 days after I added that early discount on top of the late fee. It’s a win-win because clients feel like they’re getting a deal and I get my money way faster.
1