5‌ ‌Great‌ ‌Ways‌ ‌to‌ ‌Recover‌ ‌a‌ ‌Past‌ ‌Due‌ ‌Invoice‌ ‌ Professionally‌ ‌&‌ ‌Effectively

Everyone wants to be paid as soon as they finish their assigned tasks. Chasing clients for payment can be exhausting, stressful, and time-consuming. As unpleasant as it can be, it is often unavoidable. As a result, it's critical to devise successful strategies for expediting payment processes. Sending a Late Payment Letter to your customers will inspire them to pay more quickly. Here are some helpful hints for writing the ideal overdue invoice letter that will get you charged.

A past due invoice from WeInvoice is billing that has not been paid as of its due date. If a business extends credit to its customers, it is likely to experience situations where it must collect a past due invoice

One of your clients may be notorious for paying late. It's important to follow up as soon as your invoice is due. Due to their hectic work schedules, many clients are unable to keep track of when they may make payments. As a result, it is up to you to remind them. If you just let it go and don't follow up on the unpaid invoice, you'll be shooting yourself in the foot.

Sending the overdue payment letter on a weekend when your client is less busy and has more time to read it is a good idea. You must never overlook the importance of time to achieve success!

1: WeInvoice

WeInvoice is a free online invoice system with invoice generators and a large library of professionally built invoice templates that you can customize for your company.

This service enables users to quickly build error-free, compliant, and detailed invoices. If you don't want to start from scratch, you can download and use one of the many ready-to-use invoicing templates available on on this website

For both business owners and freelancers, taxes are an unavoidable fact. It's a necessary part of the work. A tax bracket covers all of a company's or individual's products and services. Continue reading to find out more about tax invoices, including how they're made and why you should use them.

The dealer gives the buyer a tax invoice with all of the relevant tax details. The specifics include the definition, quantity of goods purchased, value of goods and services, and total taxes levied. A tax invoice is a final bill that a dealer sends to the customer.

A taxable sale must be followed by a tax invoice to assert the tax benefits for the sales made. Tax invoices are often used to resell the same goods and services.

2: FreshBooks

FreshBooks is an invoicing app with bookkeeping features that is ideal for freelancers and small business owners. FreshBooks was established in 2003, but it underwent a rebranding in 2017. FreshBooks' latest edition has several useful accounting features, such as double-entry accounting, journal entries, and bank reconciliation.

Don't worry if that's more than you need; the cheapest FreshBooks package just focuses on invoicing. This software is ideal for businesses that only need simple bookkeeping and accounting functions; however, it is not appropriate for businesses with more complex accounting requirements.

3: Square Invoices

Square is best known for its payment processing services, but it also added Square Invoices to the Square Dashboard in 2014. When you create a Square account, you gain immediate access to Square Invoices as well as other small business resources. One of the best features of Square Invoices is that sending invoices to your customers is free.

Square Invoices has a user-friendly and well-organized GUI. Although there is only one invoice design, it can be personalized by changing the colors and inserting your logo. Square Invoices is the ideal app for busy business owners since it allows you to submit invoices from your smartphone or other connected computer. Square Invoices offers a variety of resources to help you run and expand your company, including forecasts, contact management, employee management, advanced inventory features, and sales tracking, in addition to mobile invoicing. You can also build contracts and bind them to invoices with ease.

4: Invoice2go

If you prefer to conduct business using your mobile, Invoice2go will make sending invoices and getting paid by your customers far easier.

Invoice2go has powerful Android and iPhone applications that make creating personalized professional invoices on the go easier than ever. The app is easy to set up and use, and you can file your first invoice in minutes. Additional features include cost monitoring, invoice templates, forecasts, time tracking, and purchase order management, among others. Invoices can be sent through several methods, including SMS and mobile apps. If you choose to go that way, cloud-based desktop software is also available.

On the downside, Invoice2go is largely focused on invoicing, as the name suggests. Another choice would better suit your needs if you need more advanced bookkeeping and accounting features. Invoice2go is unlikely to be a good match for your company if you don't use your mobile device exclusively for business.

5: Invoicely

Invoicely is similar to previous in that it caters to the same types of users: freelancers and small business owners with accounting requirements that go beyond basic invoices.

The ability to handle several companies with multiple team members and customers for each company is one of the more advanced features, which is useful for serial entrepreneurs. You can also accept payments directly to your invoice via the internet, which Invoicely uses to update an invoice's paid status automatically.

Users with a free account may have an unlimited number of clients and invoices, but they don't have access to any of the advanced features, and invoices created are branded with the Invoicely logo. Time monitoring, taxes, mileage, personalized branding, and online payment options other than PayPal are all included for $9.99 a month.

Endnote:

There are a couple more invoicing tools you may want to investigate. Some of these tools are free forever, allowing you to send an unlimited amount of invoices to an unlimited number of customers, while others are linked to a paid billing tool that you can try out if you prefer the free version: Invoice2go, Zipbooks, Freshbook, and Square Invoices.

It's important to note that using simple free invoicing tools at the start of a freelancer's or small business owner's business life cycle is perfectly acceptable, but as your small business grows and attracts more customers, you should consider investing in quality accounting tools that help you keep a more detailed account of your expenses and income.