5 Invoicing Mistakes That Are Costing Your Small Business Money (And How to Fix Them)

Posted on 2023-04-24 08:06

1. Vague Descriptions = Delayed Payments

❌ Mistake: "Services rendered" or "Project work"
✅ Fix: Be specific – "Logo design for XYZ Company (15 March 2024)"
Why? Clients pay faster when they recognize the value.

2. No Payment Terms = Endless Waiting

❌ Mistake: Missing due dates or late fees
✅ Fix: Use clear terms like "Payment due within 7 days" and add a 5% late fee
Pro Tip: Prompt Invoice auto-adds terms to every invoice.

3. Ignoring Recurring Billing

❌ Mistake: Manually sending the same invoice monthly
✅ Fix: Automate subscriptions/retainers
Example: A Pretoria freelancer saved 6 hours/month with this feature.

4. No Digital Paper Trail

❌ Mistake: Only emailing PDFs (that get lost)
✅ Fix: Use a platform with tracking (like Prompt Invoice’s "Viewed/Paid" alerts)

5. Tax-Time Panic

❌ Mistake: Scrambling for records in July
✅ Fix: Generate VAT-ready reports with one click


The Bottom Line
Small fixes = big savings. Try Prompt Invoice free today and stop leaking money!

💡 Your Turn: Which mistake resonates most? Comment below!

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