Freelancers: Update Your Invoices to Look More Professional

One of the biggest challenges you’re facing as a freelancer is managing your own admin. There’s no HR department that does the dirty work for you—you’ll be responsible yourself for managing your projects, logging receipts and doing tax returns. Knowing how to invoice is a crucial skill you need to ensure your business is running…

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9 Essential Policies to Improve Your Internal Collections

As a commercial collection law group, we are always asked by small business owners about the best practices for internal collection efforts. Here are the some of the major items that should be included in any businesses’ commercial collection activities. Related Article: 6 Best Practices in Billings and Collections Determine the acceptable time period for…

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6 Best Practices in Billings and Collections

One area where most small-business owners can improve their cash flow is in billings and collections. A thorough credit check before you offer payment terms is not enough. Here are six best practices that can make a real difference in your cash balance at the end of every month. 1. Get it right. One legitimate…

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How to Collect Your Overdue Debts

You didn’t start your small business to be a bill collector, so none of this is anything you want to do. However, sometimes it becomes necessary. Don’t shrink from your financial responsibility to your business.
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Cash Flow Management Tips

Did you know that you could be showing a profit and still be going bankrupt? It’s true. The definition of bankruptcy is running out of cash. Why are profits and cash flow often very different at a point in time? Here are five common reasons and what you can do about them.
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What to do When the Payment is Overdue?

You’re a small business owner, not a collection agency. You’re probably not all that good at or fond of dunning customers who don’t pay their bills on time. Unfortunately it’s a real problem and that reality should motivate you to become an expert in keeping your cash flowing in a timely manner.
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The Art and Science of Modern Invoicing

An invoice is more than just a receipt with a total at the bottom. It is a professional document that signifies the completion of a project or sales transaction. It is also the last impression you make on a client, so it is crucial that it is an accurate reflection of your company’s brand and high standards.
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