Invoice No.(Invoice Number): To stay organized and make the tracking easier for your tax season, we strongly suggest providing unique and sequential invoice number for every invoice you send. Invoice Date: The issue date for the invoice. Pro tip: Getting your invoice out in a timely manner can help you improve cash flow and get paid faster. Bill your customer using the mobile invoicing app, right after you finish the job. Terms (or Payment Terms): Invoice terms depend on common practices of your industry, your relationship with the customer, and your cash flow needs. For example, Net 30 means that the invoice is due 30 days after the Invoice Date. Be mindful some businesses may pay later than the stated due date, so you may want to include a buffer to keep your business free from a cash flow gap.
Track your time each step of the way – Time is money, so it's vital to keep track of it. It will also help you learn how long it will take to complete similar future projects. This will facilitate a better work schedule so you can tackle more jobs. Accurate time tracking will add more transparency to your billing and will help clients know what to expect when they need you to work on similar tasks later. Use time-tracking mobile apps so you can clock in and clock out right there on the job and not have to estimate your work hours once you're done.