Maybe you’ve recently started as a freelancer or Your Freelancing Business and are still learning the ropes. You hear all these horror stories about clients who don’t pay, who make you wait months on end to be paid- you don’t want to deal with that. The best way to keep yourself and your clients happy is by letting a system send out invoices on time and allow it to keep track of payments that are due.
The problem with creating manual invoices is that it can be a tedious process that takes away time from freelance tasks like writing content, designing, and coding. Invoicing can be stressful as it requires meticulous record-keeping and bookkeeping. Freelance invoicing software will make your life a whole lot easier.
Read on from this post to learn why you should upgrade your freelancing business to invoicing software.
- Establish credibility.
By sending out professional-looking invoices, clients and customers will instantly know that you’re someone who knows what they’re doing. You’ll also be able to establish yourself as a credible business person in their eyes.
- Task management.
Freelancers who have to deal with multiple projects at once may find it hard to keep track of everything they’re supposed to be doing at any given moment, including client payments. Invoice software can help with that, so you always know how far along you are on each task.
- Time tracking and monitoring.
Time tracking is a key feature of most invoice software packages, but not all of them include features that allow you to monitor the time spent on particular tasks or within a specific project as it’s moving along toward completion.
- Reporting and analytics.
Client invoicing and time tracking are useful for billing purposes, but reporting and analytics are useful for managing your business in general. Good invoicing tools will have built-in reporting and analytics capabilities that allow you to study trends, identify weak spots, and make smart business decisions down the road.
- Receive payments automatically
It’s a headache to keep track of who owes you what and when. With Due, you don’t have to worry about follow-ups and chasing debtors – the software will do that instead. It’ll send reminders if they fail to pay in time and take care of the occasional follow-up email as well. It even lets you know if payments have bounced back so you can act accordingly.
- You Get Invoice reminders.
Sending out an invoice is a daily responsibility for freelancers and small business owners because it’s essentially the bread and butter. Without an efficient system, you don’t get paid. An invoicing software system sends you reminders of client due dates, payment amounts, etc.
- You Won’t Get Ripped Off
Invoicing also allows you to set boundaries that prevent you from being ripped off by advantageous clients. If someone doesn’t pay at the end of the project, you’ll know immediately by setting up notifications.
Some freelancers never get around to upgrading to better financial software because of the expense (but if you want to succeed in the long run, it’s a worthy investment). So if you’re ready to improve the flow of your business, take on more clients, and better stay on track- sign up for invoicing software for your business as soon as you can.