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Jan Stimel

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Advice

10 Steps to Effective Invoice Management

Entrepreneurship has many romantic aspects, including setting your own hours and rates. Invoice management is not one of them.

Although not a fun part of being in business, invoice management is necessary. Keeping track of your invoices shows you the work you’ve performed and how much you’re owed. It also helps you keep tabs on who’s paid and who hasn’t.

Managing invoices is no easy task. It takes planning and coordination. But when done effectively, you’ll never be unsure of what you’ve done or how much you should have.

We’ve listed 10 steps to effectively managing your invoices below.
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Advice

What is an Invoice? Discussing the Essential Elements of an Effective Invoice

No matter what industry you’re in, one of the most important documents you’ll send (and receive) is an invoice. And whether your business is well underway or just getting started, chances are that some people in your organization are still not entirely sure about what is an invoice?

This crucial document outlines the buyer, the seller, the product or services exchanged, and how to pay the bill. Below we identify the various elements of an effective invoice, and the importance of each.
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