Invoicing - ICM & BIS Managing Cashflow Series Part Three

Invoicing is an integral part of every business, so taking the time to ensure that your paperwork really works for you is often a wise investment.

In part three of the Managing Cashflow guides from the ICM and BIS you can find a wealth of useful information to help your company avoid the common invoicing pitfalls, reduce delays and remove excuses for non-payment.

 This guide follows the by now familiar set up, a simple checklist of questions to help you keep on top of your invoicing as well as the always useful top tips.  You can download the guide below:

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Resident Credit Control expert and our MD Sid Home elaborates on some of the key points in this guide:

“Always make sure that your invoices are issued correctly and include all the relevant information your customers need to process the invoice and make a payment is included at the outset.

Invoices that are incomplete or missing certain key information (a purchase order number for example) give your customers a ready made excuse to avoid or delay payment.

If a client does query or dispute an invoice, you must move to resolve this query as soon as possible to minimise any delay in payment.”

If you are looking for some invoice templates head on over to our good friends at Freelance Advisor, who have a selection of invoice templates available free of charge.

The Managing Cashflow series of guides is produced by the Institute of Credit Management in association with the Department for Business Innovation and Skills.  The full series of guides can be found here.

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