Let Them Know How to Pay You _ must be easy Do you want a cheque mailed to you, a money transfer, flowers? Be explicitly clear about what you expect and in what form. It is usually best to discuss with the client beforehand their preferred method or to come to an agreement about a method you both like. If you want a money transfer, provide all the necessary information. Foreign transfers need more than your account number: in some countries, you need your International Bank Account Number (IBAN) or a Bank Identifier Code (BIC). International transfers also double_charge you: the client's bank might charge you ฤ, and your own bank might charge you another ฟ to accept the payment. Make it clear which of you will absorb these charges, and talk it out with them. PayPal is another option, but you still get charged a percentage of the transaction.
Numbers and Numbers and Records and Books _ must be trackable Referring to "invoice #9048," rather than "That invoice I sent you last month, I think on a Tuesday," is much easier to track for both you and your client. Assign numbers to your invoices systematically, consistently and chronologically. Some people number their invoices by year (for example, 2009043 would be the 43rd invoice of 2009). You could also specify a code for the project. For example, ABC06 would be the 6th invoice for the ABC project that you're currently working on. Having an invoice and project numbering system keeps everything in line.
Maybe it's time to move to a paperless, web_based invoicing! Because, what is a business without a healthy cash flow? Only an expensive hobby, eating your existing assets and your valuable time. Your business will reach its full potential only when your ideas can be turned into sales, and those sales into money! And all the stages in this process have to be done as quickly and efficiently as possible! That is impossible to achieve without setting up a proper invoice tracking software.