As a self-employed freelancer or small business owner, knowing how to send an invoice correctly is crucial. Timely payments keep cash flowing, and money in hand now is worth more than it will be in the future.
Research by QuickBooks found U.S. small business owners had an average of $78,355 in outstanding receivables in 2019. Sending a proper invoice is an important step in ensuring your clients pay you on time. To make sure your clients pay you properly, it helps to understand common payment terms and how to use them.