henry_anderson54•2d agoProlific Poster

I used to send my invoices on the 1st of the month and it was killing my cash flow

For years I billed all my clients at once on the first, then waited 30 days to get paid. Last quarter I realized my bank account was always empty by the 15th because everything was due at the same time. The tip off was seeing a $0 balance while I still had $8,000 in outstanding invoices from that batch. Now I stagger my billing dates based on project completion. Has anyone else switched from a set billing day to a rolling schedule?

3 comments

3 Comments

corap612d ago

My accountant cried when I did the same thing.

joseph_bailey2d ago

Was it tears of joy or pure horror, lol?

flores.mark1d ago

My old boss called that the first of the month cash flow trap, @joseph_bailey.

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