As a business owner you wear a lot of hats. If you’re at the beginning stages of your business you may be the CEO and CFO.
To make billing less of a headache and get paid on time, consider these 3 best practices:
First, take the manual out of invoicing and make it automatic by using automated billing systems like Wave, Chargebee, or Chargify.
Second, agree on set terms with your clients. That means knowing what day you’ll get paid and through what channel–give them as many options as you can.
And last but certainly not least, ensure all details needed for the transaction are accurate. Incorrect details can lead to delayed payments.
You need as much time back as you can get as an entrepreneur, so leave repetitive processes to technology.
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Rianka R. Dorsainvil, CFP®️ is the Co-Founder and Co-CEO of 2050 Wealth Partners a virtual, fee-only comprehensive financial planning firm dedicated to serving first-generation wealth-builders, entrepreneurs, and thriving professionals. Rianka also hosts 2050 TrailBlazers, a podcast aimed to address the lack of diversity in the financial planning profession by engaging industry experts and leaders in conversation.
As an award winning successful, millennial Certified Financial Planner professional, Rianka offers a unique perspective not only on the current state of the financial service industry, but on how to stay relevant in an ever-changing world.
Rianka serves as a member of CNBC’s Digital Financial Advisor Council and CFP Board’s Diversity Advisory Group, is a Forbes Personal Finance Contributor, and has been recognized for her accomplishments and leadership within the industry by leading publications and organizations such as Investment News’ inaugural 2017 Women to Watch Rising Star and Wealth Management’s Ten to Watch in 2018. She has been published in PBS NewsHour, Forbes, USA Today, Black Enterprise, CNBC, Women’s Health, and more.