Automated invoicing and project financial management

Business entities are in need of online invoicing software and its various automations. With a software’s help, professionals can make sure that their projects include well-calculated invoices before sending them to their clients. In a previous post, we have discussed all the winning project practices that lead to optimal project management. An equally perplexing matter …

Irene Kalesi in Invoicing Tips

Late fees to clients: To charge or not to charge?

It’s never easy to hunt down your clients to get paid for the work you have done. It is financially damaging and psychologically burdensome. This is the late fee’s cue to enter the scene. But do you know which is the typical late fee for invoices and when to use it? Or how much can …

Irene Kalesi in Invoicing Tips

Which are the basic invoice types in business?

Our intensive crash course on invoicing is far from finished. After learning how to calculate your billable hours and how to write an invoice, we still have a long way to go. The latest addition to the series of articles about invoicing was the full guide on how to send an invoice email. It’s about time …

Irene Kalesi in Invoicing Tips

A comprehensive guide: How to send an invoice via email

Thus far, we’ve learned how to calculate billable hours and how to define billable rates. Before that, we dived into the world of invoicing and explored everything you need to know about how to write an invoice for your freelance work. To complete the holy invoicing trinity, we need to talk about how to send an invoice via …

Irene Kalesi in Invoicing Tips

What you need to know about how to calculate billable hours

The process of how to calculate billable hours is a matter that you should not take lightly. Every business owner and freelancer should be able to answer the question “How do I calculate my billable hours?” “Do I need a billable hours calculator?”. This article aims at giving you all the necessary information about it. …

Irene Kalesi in Invoicing Tips

How to write an invoice for freelance work

You’ve set yourself free from the corporate world. You are a freelancer. An independent contractor who wants to climb up the success ladder. To live and prosper as one, you need to gain sufficient income which means receiving payments for your rendered services. This is the main reason you need to know how to fill out …

Irene Kalesi in Invoicing Tips

When Should you Get Paid by the Hour and When by Project?

There are several ways to charge for your services. Some professionals prefer getting paid by the hour, others by the project or monthly, etc. Choosing how you to bill clients should be an informed decision so your business can be sustainable and thriving. More and more freelancers and agencies charge by the project – services providers, …

Elorus Team in Invoicing Tips

How to Prepare an Invoice for Hours Worked

One of the many challenges that freelancers and agencies face is how much to invoice for hours worked. Especially on a business’s onset, you need to make sure you charge fairly for your efforts. At the same time, you must remain competitive to attract more clients. If you are a freelancer or start-up business still …

Elorus Team in Invoicing Tips

How to make your workflow faster with recurring invoices!

Being a freelancer or owning a small business, means long “to-do” lists and limited time to get everything done! It’s one of the few things that makes running a business not so fun some days. This is the reason why cloud invoicing market is steadily on the rise for the past few years and will most likely …

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Essential invoice Payment Terms & Conditions to help you get paid on time!

Here, at Elorus’s blog, we have repeatedly stressed the importance of a small business’s cash flow. Simply put, your company’s ability to stay on top of its obligations while having enough cash put aside for emergency situations. There are many reasons why your cash flow matters, but the most important one is that a smooth cash flow management …

Elorus Team in Invoicing Tips