Other commenters said that they rarely spend more than half an hour on each invoice, and to avoid wasting more time chasing down late payments they offer a discount for early settlement.īusiness owners who find themselves spending an entire evening with their invoice book-or more likely today, with their invoicing software-can at least console themselves that they are continuing a glorious tradition. By the time he has finished adding the work of his subcontractors, his invoice might contain as many as 60 line items and have taken as long as eight hours to bring together. One commenter on ConsultantJournal, a website for consultants, explained that one large company for which he works insists that he bills hourly and include start and end dates. The amount of time it can take to prepare those invoices varies tremendously from business to business. Without invoicing, those clients won’t know how much they have to pay, the supplier won’t know who has paid and who they need to chase up… and the government will lack the paperwork it needs to be sure they’ve received all the taxes they’re due. It’s far from the most enjoyable part of running a business but it is as essential as marketing and meeting deadlines. They list them for each person who placed an order, they set an invoice price for each task, add taxes and other expenses, and they send those invoices off, making sure that nothing has been forgotten. They start it because they could never do anything but be their own boss.Īnd yet, each month, they find themselves putting aside their product development, their marketing, their customer service and the work they’re supposed to be doing for their clients in order to spend hours listing all of the tasks they’ve performed over the last thirty or so days. They start it because they want to be independent, to make their own decisions and to run their own life. They start it because they have a burning idea and an unstoppable desire to make it happen. No one ever starts a business with the aim of sending invoices.
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