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Essential Tricks for Invoice Collection

Small business companies know that getting paid on time is essential on maintaining healthy cash flow within the organization. The presentation provides you tips for ensuring your invoices get paid at time.

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Essential Tricks for Invoice Collection

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  1. Small business companies know that getting paid on time is essential on maintaining healthy cash flow within the organization. We provide you simple tips for ensuring your invoices get paid at time. www.atkku.com

  2. Use Polite Language in Invoices • A business survey states that, adding polite words such as 'please' (or) 'thank you' to your invoices increases the chance of being paid by over 15%. Invoice Customization Prepare the list of information your customer require to be mentioned in the invoices where some customers require Purchase Order (P.O) or Employer Identification Number (EIN). Thus, initial customization avoids re-invoicing as a result of incorrect/missing information. www.atkku.com

  3. Reminder Email & Penalize Late Payments Instead of speeding up after payment due, send friendly reminder emails before the due date. Inform your clients that late payments after due date results in tardy settling of about 2% in each month. This enables your customers to prioritize their payments on avoidance of late penalties. • Discount for Early Payments • Offer an discount about 2% to 5% on making payments before 14 days for a 30 day invoice. Also, offering an extra credit and gift certificates for early payments will strengthen your customer loyalty. www.atkku.com

  4. Multiple Payment Options for Clients • Offer multiple payment modes to make client feel easy on making payments. And be sure on mentioning the payment method details in the invoices clearly. Atkku Services ® marketing@atkku.com (855) 273-6161 www.atkku.com www.atkku.com

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