{"id":1424,"date":"2015-10-21T12:58:57","date_gmt":"2015-10-21T12:58:57","guid":{"rendered":"http:\/\/www.easyestimate.co.nz\/?p=1424"},"modified":"2015-10-21T13:02:08","modified_gmt":"2015-10-21T13:02:08","slug":"6-easy-ways-to-get-your-invoices-paid-on-time","status":"publish","type":"post","link":"https:\/\/www.easyestimate.co.nz\/index.php\/6-easy-ways-to-get-your-invoices-paid-on-time\/","title":{"rendered":"6 easy ways to get your invoices paid on time"},"content":{"rendered":"

When you\u2019re running your own building company managing cash flow and paying contractors and suppliers on time is a priority to financial success.<\/p>\n

But what do you do when you\u2019re still waiting for payment months after the job has been completed?<\/p>\n

Rather than getting disgruntled, try implementing these six steps below and you\u2019ll quickly notice an increase in customers who want to pay on time.<\/p>\n

It also means you\u2019ll have more hours in the day to quote<\/a> for new jobs\u2026happy days!<\/p>\n

Step 1: Build a good client relationship<\/strong><\/p>\n

If a client is satisfied with your work they are much more likely to stick to the terms and conditions of your invoice. Building up a rapport with clients will mean they will recommend you to friends and family \u2013 and the value of word-of-mouth recommendations can never be underestimated.<\/p>\n

Step 2: Think ahead<\/strong><\/p>\n

It\u2019s easy to forget when an invoice needs to be submitted to a client. Set a reminder on your laptop, or mobile device, so the invoice can be sent out as soon as you know the client is happy with the finished project. Some software packages let you install an alert so you know when the invoice has been opened via email which is always handy!<\/p>\n

Step 3: Reference numbers<\/strong><\/p>\n

It sounds so simple, but lots of builders forget to consistently use invoice numbers when they are staging clients\u2019 payments. If you have references for every payment made you\u2019ll know exactly how much a client owes you throughout the job and when any funds needs chasing up.<\/p>\n

\"Paid-invoice\"<\/a><\/p>\n

Step 4: Create a distinct invoice \u00a0<\/strong><\/p>\n

If a client has undertaken a big project you may not be the only contractor waiting to get paid. Ensure your invoice stands out from the rest by incorporating your logo into the overall design so it looks more professional. Making the content easy to follow so there isn\u2019t any confusion over the work completed will also help.<\/p>\n

Step 5: Discuss payment terms <\/strong><\/p>\n

Think carefully about your terms of payment – asking for payment within a shorter timescale may speed things up. On average most clients will pay a few weeks after the invoice has been submitted so this needs to be taken into account.\u00a0As soon as a client accepts your quote make sure you confirm your payment terms in writing to prevent any confusion further down the line.<\/p>\n

Step 6: Don\u2019t harass any clients for payment<\/strong><\/p>\n

Always chase invoices with a phone call rather than an email which is less personable and can be easy to ignore. \u00a0A good tip is to only contact clients during working hours (early mornings and evenings should be avoided) and just one phone call a week is enough to regularly remind customers that they need to log onto their internet banking and pay you!\u00a0Communicating with your client is key to keeping everyone happy and the jobs rolling in.<\/p>\n

Do you have any tips for getting your invoices paid on time? Why not tweet them to us at @easyestimateuk.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

When you\u2019re running your own building company managing cash flow and paying contractors and suppliers on time is a priority to financial success. But what do you do when you\u2019re still waiting for payment months after the job has been completed? Rather than getting disgruntled, try implementing these six steps below and you\u2019ll quickly notice […]<\/p>\n","protected":false},"author":2,"featured_media":1426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[4],"tags":[12,13,26,27,29,28,31,9,30,32],"_links":{"self":[{"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/posts\/1424"}],"collection":[{"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/comments?post=1424"}],"version-history":[{"count":12,"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/posts\/1424\/revisions"}],"predecessor-version":[{"id":1438,"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/posts\/1424\/revisions\/1438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/media\/1426"}],"wp:attachment":[{"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/media?parent=1424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/categories?post=1424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.easyestimate.co.nz\/index.php\/wp-json\/wp\/v2\/tags?post=1424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}