One of the best parts of being an entrepreneur is getting paid for your services. But determining the best way to get paid and generating freelance invoices is not always as much fun. Thankfully there are plenty of options for receiving payment, and invoicing apps and software that make it easy to create customized, professional looking freelance invoices with little hassle. To better facilitate your own invoicing and payment processes, read these five tips and see how easy it is to get paid!
1. Find Out the Payment Terms Before Doing the Work
Many freelancers wind up being paid according to the client’s preferred method. This isn’t necessarily a bad thing, and it is your choice as to whether you want to accept the work or not according to the payment terms. Just make sure you find out the payment terms beforehand so that there is no disappointment or disagreement afterwards.
Additionally, it is always a good idea to secure those terms in writing. An email is usually efficient, but some clients may require you to sign a contract agreement, and if you so desire, you may ask the same of them. Which brings us to our next tip…
2. Provide Clients With Your Policies
If you are just starting out as a freelancer and are trying to build up your portfolio and experience, then you might not feel so bold as to present clients with your own policies or contract. However, if find yourself having a successful and lucrative career as a freelancer, and clients are actively seeking your services, then it is a safe bet to assume they will accept your own terms. You can then specify your own payment requirements and be paid according to your terms, not theirs.
If you are able, you can generate your own freelance invoices using a graphic editing or word processing program, or you can invest in invoicing software that not only generates professional invoices, but also allows you to customize the look and keep reports of work that has been done and invoiced. Some applications also enable you to manage your invoices, see which ones are still outstanding, and organize them according to work performed or other criteria.
4. Consider Your Payment Options
Many clients prefer to pay by check, but others also utilize PayPal. As a freelancer, you might like PayPal for accepting payments because you’ll receive the funds much quicker than you would a check. However, PayPal also takes a small cut of the funds you receive. Also taking a small cut of your potential profits are websites such as Freelancer.com. This is a great site for finding freelance work, but if you do connect with a client through them, they will be charging you fees.
You might want to also consider putting your preferred payment options on your freelance invoices. A client who previously stated they will pay one way might not have an issue with paying you another way if they are satisfied with your work.
5. Filling Out Freelance Invoices
Depending upon the Nature of the Freelance work you perform, your freelance invoices will contain different sections for detailing information. However, they should always contain the following information:
- Name and Contact Information
- The Date
- An Invoice Number
- The company name or individual you are doing the work for and their contact information.
- Details of the work that has been done, including criteria such as: hours, quantity, project name, and how it is paid out, such as per hour, per article, etc.
Article by Gwen Stewart
Gwen Stewart is a business development professional and writer for Outbounding.com on behalf of www.ShareFile.com. Her line of work requires she have a reliable way to transfer files as well as a solid strategy for meeting tight deadlines. Any spare time she can scrape together finds her hiking, reading and enjoying the company of great friends.