The process of generating an invoice for the sales done to a client is called client billing. Billing is an important task for any business in order to maintain the cash flow and to keep the business financially sound, for any business it’s a need to have positive cash flow all year long. It’s also beneficial the time of tax payment to the government as effective billing makes the work rapid and easy, and it tends to save the last time drainage in making and managing the invoices.
Only billing is not suffice, billing needs to be done time-to-time and as frequently as possible. It is a crucial task to get paid from the clients on time and for that the strategy to send bills out on the time, is a prerequisite. Also, bills must be made with the due accuracy as otherwise it will cost dual effects of not getting paid and unpropitious impression on the clients. Also, invoices should reach the clients quickly, like with the completed product or project if a bill is delivered, it’s most likely to get disbursed rapidly with the high quality product on their desk.
Sometimes clients delay the payment even after sending the bills on time, in such situations chasing the clients through Email, SMS, phone call or any other form is very essential. If it’s not done well than the business would be at loss. So it’s a fundamental task to keep the contact and chase the clients, in order to maintain the financial viability of business.