The A-Z of Freelancing: Invoicing

AZoffreelancing

Sending out an invoice is pretty satisfying. Seeing on paper what you’ve achieved can make a tricky month worthwhile.

But waiting for a payment (and chasing it) is less fun.

However, there are plenty of tools at your disposal to make invoicing and chasing so much easier.

Here are just a few options:

  • Manual – many of my more organised friends favour a manual system, of creating their own invoices and logging it in a spreadsheet. The bonus is that it’s free to do! If you’re disorganised like me though, you’re possibly better to use an organised system, as this won’t send you alerts when someone is overdue.
  • Freshbooks (which, in the interests of being transparent, is my choice and I have a referral link if you’d like to try it). ┬áIt’s an online tool and app that allows me to set up invoices quickly and send them automatically at the same time each month if I choose to. It also adds on late fees for me if they pass the 30 day payment period without paying. The benefits are that it takes a lot of legwork out of the process. The downside is that you do have to pay for it (I currently pay $19.95 a month)
  • Crunch - I’ve heard a lot of good things about Crunch recently, partly because they also give you access to a number of accountants too.
  • Google Docs - Google Docs/Drive have a number of apps you can use with their docs, which can be used to create invoices

A couple of hints before you invoice:

  • Let the client know, before you start working with them, what your terms are. This includes payment periods, late fees and early payment discounts
  • Add your terms to your invoice, particularly if the invoice goes to the company finance team rather than the contact you initially agreed the terms with
  • Stick to your guns. If you state when a late fee applies, and they repeatedly ignore it, make sure you add the late fee to the invoice.

How do you invoice?

 

Enhanced by Zemanta

4 Comments

  1. Dave Aronson
    Jan 03, 2014 @ 17:10:00

    Normally I invoice by plain-text email, with the numbers put in from my time-tracking spreadsheets, which I maintain in Google Docs. My current client wants them as .doc attachments, though, so it’s almost the same just a bit more cumbersome.

    Reply

  2. Tracey
    Jan 04, 2014 @ 17:46:00

    I signed up for Crunch this year and it’s proved a great investment – the service is only for Limited companies though not sole traders

    Reply

  3. veronikatondon
    Jun 06, 2014 @ 08:29:00

    Just like freshbooks, Invoicera is also an online invoicing & billing software where you can easily create & send invoice online with many other features like invoice estimate, time tracking, recurring & scheduling of invoices and a lot more

    Reply

  4. Amy
    Sep 30, 2014 @ 17:38:50

    For years, I just used Word for my invoices. Recently, a colleague told me about SideShark and now I couldn’t do without it. It is just for freelancers (I think) and does invoicing plus everything else I need to stay on top of my business. It took no time to learn and is a real timesaver.

    Reply

Leave a Reply

Read previous post:
The gift guide for freelancers and home workers

Look everyone, it's the inevitable gift guide for freelancers and home workers! Looking for a gift for the freelancer or...

Close