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Viewing articles tagged 'invoicinggettingpaid'

A Process for Chasing Payment Systematic follow-up.WHY A PROCESSChasing when you remember means chasing late and... Common Invoicing Mistakes What goes wrong.INVOICING LATEThe most common and most costly.Invoice immediately.VAGUE... Confirming Payment Received Before you treat it as paid.THE RULEConfirm funds in your own account.Never on a... Credit Notes and Corrections Fixing invoices.WHAT A CREDIT NOTE ISA document reducing or cancelling an invoice.WHEN TO ISSUE... Deciding Who to Extend Credit To Whether to work before payment.WHAT EXTENDING CREDIT MEANSDoing work or supplying goods before... Deposits and Staged Payments Reducing your exposure.WHY TAKE A DEPOSITIt confirms commitment It covers your initial costs A... Handling Partial Payments When only some arrives.WHY IT HAPPENSA customer paying what they can A dispute about part of the... How to Accept Payment The options.BANK TRANSFERStandard for most Nigerian business payments.Include your account name,... Invoicing and Getting Paid: Everything That Matters, Briefly The whole category in one page.THE SINGLE BIGGEST IMPROVEMENTInvoice immediately. An invoice sent... Invoicing for Registered Businesses Additional requirements.WHAT MAY APPLYYour registration number on invoices Tax identification... Invoicing for Services Versus Goods Different considerations.FOR GOODSDescription, quantity, unit price, total Delivery details Any... Invoicing Tools and Software What to use.THE OPTIONSAccounting software with invoicing Dedicated invoicing tools A template in... Issuing Receipts Confirming payment.WHEN TO ISSUE ONEOn payment, for any transaction where the customer may need... Keeping Invoice Records What to retain.WHAT TO KEEPEvery invoice issued Every credit note Every receipt Payment records... Numbering and Organising Invoices Keeping records straight.WHY NUMBERING MATTERSEvery invoice must be traceable.Gaps and duplicates... Preventing Late Payment Before it happens.WHAT REDUCES LATE PAYMENTPayment in advance, or a deposit Short terms Clear... Reconciling Invoices Against Your Bank The monthly check.WHAT TO DOTake your bank statement for the month Match each receipt against an... Sending Invoices Getting them to the customer.HOW TO SENDBy email, as a PDF attachment.Not as an editable... Setting Payment Terms When you expect to be paid.THE OPTIONSPayment on receipt Seven days Fourteen days Thirty daysWHAT... Using Payment Links on Invoices Faster payment.WHAT IT ISA link on the invoice that takes the customer to a payment page.WHY IT... What an Invoice Must Contain The essentials.WHAT EVERY INVOICE NEEDSThe word "Invoice" A unique invoice number The date issued... When a Customer Will Not Pay Escalation.FIRST, ESTABLISH WHYA cash flow problem A dispute about the work An oversight... Writing Payment Reminders What to say.A REMINDER BEFORE THE DUE DATEBrief and neutral. "Invoice 2026-041 for ₦X is due on...

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