Struggling with unpaid invoices? Are you looking for a way to speed payments and incentivize your clients to pay on time?
Being paid on time equals improved cash flow. This is common knowledge, but how can you make it easier for those in receipt of your services to pay outstanding fees, so that your business reaps the benefits? After all, in the UK in January, average e-commerce weekly sales were at a staggering £1.2 million–a figure that is steadily increasing. We at Invoice Tracker have partnered with Stripe to assist you in this process. But what is Stripe, and how can their services help the cash flow in your business? (more…)
Clerical errors are unfortunately common, but they can be avoided if you have the information you need to actively prevent their frequency. These mistakes can be costly, either with minimal effect and relatively easy corrective measures, but some are very serious, with considerable impacts which can affect your business for a long time. (more…)
Profit is the most important economic goal for your law firm. It is a challenge to balance an increase in profits while reducing clients’ fees. Sure, you can pile more hours onto your already busy schedule, and you could charge higher rates than you do, but that would mean losing loyal customers and burning yourself out in the process. (more…)
Do you feel overwhelmed by accounting paperwork? Are there things which are more important to your business growth than constantly rewriting invoices and chasing late payments? Are you worried about making a costly mistake when it comes to important information?
By outsourcing all of your accounts receivable needs to an automated tracker, you will free up valuable time for yourself and your employees. You will also see an increase in timely payments and effortlessly maintain the important relationships you share with your customers. If you have been feeling weighed down by invoices and want to free up some time for yourself and your company, read ahead for ten signs you should invest in an invoice tracker. (more…)
Getting paid on time is crucial to the cash flow of your business. Late payments are unfortunately a common issue in businesses of all sizes, and it can be complicated and time consuming to chase unpaid fees. You know that keeping on good terms with your clients is important, but also that unpaid bills need to be paid–after all, the service was provided and you have put a lot of time and effort into the finished result. You have done your part, so it can feel disrespectful when your customers have an account overdue. (more…)
The concept of billable hours is changing with the times we live in. Clients are no longer charged based on estimated time, and employees are increasingly working outside of the traditional model, where wages and hours are static. Increases in both inflation and running costs means that businesses today need to make sure that they are keeping up with the pace of technology to keep their profitability and cash flow high. (more…)