My old way of sending invoices was costing me money

For years I just sent a plain PDF invoice by email and hoped for the best, which meant I was waiting an average of 45 days for payment. Last month I started using a free tool called Wave that sends automatic reminders, and now most clients pay within a week. It's crazy how a simple system change can fix a cash flow problem you didn't even fully see. Has anyone else found a better way to handle late payers?

3 comments

3 Comments

the_claire11d ago

Yeah, that "due upon receipt" thing can backfire. It puts people on the defensive right away. Clear terms with a good follow-up system seems like the better move.

nancy32611d ago

Read a blog that said just putting "Due upon receipt" on the invoice cuts payment time in half. Might be worth a shot.

ryant5011d ago

My buddy tried that "due upon receipt" trick last year. He told me it actually made some clients push back harder, saying it felt aggressive. Nancy326, the blog might have a point for some businesses, but it really depends on your client relationship. He switched back to clear net 15 terms and just followed up fast, which worked better for him. Some people just pay when they want no matter what the invoice says.

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