Now that you have an invoice based on the payment method you and your client agreed upon, it is time to submit the bill. What are some logistical tips that will increase the likelihood of you being paid on time? In this movie, author Richard Harrington describes different techniques for delivering the bill to your client.
- So, you're ready to get paid, right?…You've got an invoice, everything's all taken care of.…You just drop it in the mail, and money's gonna show up.…Now unfortunately, it's never that easy.…Let me give you a few logistical tips…to increase the likelihood of getting paid on time.…First up, when you deliver the bill,…always include the client's name…on the actual invoice.…This way, it's routed to the attention of your end client.…If they don't want the bill coming to them,…make sure that you find out which department…it should be routed to, but still,…list your client and the number of the project…on the invoice.…
By including a project name and purchase order,…as well as your client's name, it's gonna be a lot…easier for internal groups to follow up…if there's a problem.…I also strongly recommend, and you've…heard me say it before, a due date.…Don't just say, "Due net 30,"…assign an actual date.…If there're any payment terms, spell those out.…You might need to spell out that a…late invoice will be charged a finance fee.…
Author
Released
4/25/2016- Evaluating outsourcing and partnering options
- Setting your rates
- Incorporating material and overhead costs
- Scoping the project
- Estimating the production time
- Collecting data with time tracking
- Creating a quote or proposal
- Setting payment terms
- Creating an invoice with Word or Pages
- Dealing with billing and collections
Skill Level Intermediate
Duration
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Introduction
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Welcome4m 33s
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1. Services Offered
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Outsourcing3m 57s
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Partnering2m 40s
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2. Setting Your Rates
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Exploring material costs3m 2s
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Using a rate sheet3m 7s
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3. Scoping the Project
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Determining scope3m 22s
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Refining scope8m 14s
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4. Creating a Budget
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Estimating time5m 51s
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5. Building a Sample Budget
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The sample project2m 27s
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Estimating pre-production8m 35s
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Estimating production11m 15s
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Estimating post-production8m 10s
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Finishing the budget7m 51s
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6. Creating a Quote or Proposal
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Getting started7m 28s
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Refining the message6m 29s
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Using fixed-price contracts4m 17s
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Finishing the proposal6m 38s
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The joy of contracts2m 22s
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7. Payment Terms
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Setting payment terms2m 33s
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Exploring time-based methods5m 21s
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8. Creating an Invoice
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9. Billing Strategies
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Delivering the bill3m 3s
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Dealing with collections5m 29s
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Conclusion
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Final thoughts2m 7s
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Video: Delivering the bill