An invoice is the promise of future cash payment for goods delivered or services rendered. If you’re running a B2B business, you’re probably firing off dozens of invoices to your customers every week. After all, your cash flow depends on ensuring these invoices are paid! But of all the invoices you’re sending out, how many are actually paid on time?
Apparently, only 63% of invoices are paid on time, according to a recent study. And one of the biggest reasons for late payments come from invoices with unclear instructions, which pushes customers to put it on the backburner instead of paying immediately. To save you from the trouble of dealing with delayed payment due to unclear invoices, we’d like to share some tips on writing effective invoices: