business management blog
Send one invoice for multiple services or products, rather than multiple invoices for each one. This can reduce the number of transactions and fees.
Keeping track of when each invoice is due and following up with clients if they are late or miss a payment.
Sending automated reminders to clients before and after the invoice due date, to encourage them to pay on time and avoid late fees or penalties.
Ensure the invoice due date and amount are used when forecasting to assess short-term liquidity requirements. This will help in planning ahead.