If you have never created an invoice before then you haven’t yet experienced the magic of this simple piece of communication. A bill with amount due, due date & payment options simplifies the decision making for your client, leading to faster & on time payments. It also avoids the need to start a whatsapp conversation or chat just for payment discussion, which is honestly uncomfortable for both parties.
While there are a host of benefits for creating invoices, we are listing down the top 3 that are more relevant for coaches and freelancers.
1. Helps you to get paid faster: While we may not be able to intuitively co-relate an invoice with on-time payments but a bill with the amount due, due date & payment options simplifies the decision making for your client, leading to faster/on-time payments.
2. Builds trust & professionalism: An invoice communicates to your client that your independent venture is run efficiently by a professional which increases trust & in turn gets more business for you.
3. Invoice is a proof of a financial agreement: We dearly hope this doesn’t happen to you but in case of a client not paying or a similar dispute, an invoice can act as a legal proof/evidence to help you get your due payment.
So go ahead, create an invoice and bring in the payments minus the hassles.