As a freelancer you have to stay caught up with important things outside of marketing your talent. For example, freelancers have to adeptly manage projects, meet deadlines and communicate seamlessly across virtual teams. But of all these obligations, the highest priority must always be to maintain a positive cash flow. Propaganda-style illustration Propaganda-style illustration by sweetkina It’s this cash flow that gets you through tough economic cycles. You’re already worried about income fluctuations from month to month. A lack of payments can mean the difference between paying your bills and not covering them on time. Not being paid can also impact how you save money for investments, taxes and retirement.
While you must work on marketing on a daily basis for steady work flow as a freelancer, you must also perfect your invoicing system to increase and speed cash flow. Not sure where to start? Here’s how to invoice like a pro. Invoicing for freelancers — Following this invoicing guide for freelancers will speed payment and potentially attract new clients. Here are actionable tips on how background remove service to send, receive, and manage your freelance invoice process: Sending Invoices Invoicing systems that involve a word processing program, printer, envelope and a stamp are archaic. Using one could delay payment for days, weeks or even longer. It is also an inefficient use of your time and money. There is also a greater risk that mistakes will be made or the invoice will be lost in the shuffle. Illustration of freelancer Freelancer illustration by Natalia Maca Instead, get an online invoicing system for freelance invoices.
There are multiple online invoicing tools and platforms available that deliver efficiency, branding opportunities, and convenience for your clients. Once you’ve chosen an invoicing system, follow these best practices: Use the database to store client information so that each invoice automatically populates for this information. Create a formatted invoice using one of the available invoice templates. Make sure that it matches your brand, including colors, and provides a way to upload your logo for a more professional look. Number every invoice. This is a good way for both you and your clients to track invoices that are paid and outstanding. Determine if you need to change the currency, taxation, and language on the invoices to accommodate any international clients.