Invoice Terms

[mtatum4496]

I have seen a lot of online businesses make the mistake of not sending formal invoices for completed projects. Even with some that did send an invoice, they failed to include the terms of the invoice (i.e. the payment time when the invoice is due after the date on the invoice).

Unless you have a business where people have to pay before they receive goods or services, you need to make sure you create and provide your customers with an invoice that will list the type of work done, the cost per unit and the total. Make sure you always include payment terms, such as "Upon receipt" "net 30" etc. That way, if you ever have to go after somone for failure to pay, there is no way for them to get around open ended terms by saying that no payment terms were ever set.

[midascode]

Very good advice - and something that is often over looked

[Scott]

True, very true, and you also have to make sure you have correct information on then invoices... I had an IPB licence from after they changed the payment system, thought it was a 12 month licence as the invoice still said it was a 12 month subscription... Something to be careful about I say...