Even savvy entrepreneurs have trouble sometimes with their billing practices. Thats because the home-based business (or very small enterprise) often doesnt have any particular rules governing billing. Here, well look at four common billing mistakes and the way those billing mistakes can be avoided.
Billing Mistake #1: Not sending out bills on a regular basis.
The Billing Fix: Its easy to repair this billing error. Basically, you need to put some kind of system in process. For example, many people who work on services or projects give their clients their bills as soon as the product is given or the service is over. That means that bills are sent out upon completion. On the other hand, some companies prefer to send out bills once or twice per month (or on some other regular timeframe, such as the third Friday of the month.) This way, they will all go out at the same time, which makes it easier on the sole proprietor or bookkeeper.
Billing Mistake #2: Not keeping tracking of bills.
The Billing Fix: Many times, business persons will send out billing notices but never record them in a spreadsheet or other computer program. Thus, they have no way of...
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