Contract Disputes And How To Effectively Handle Them

Contract disputes and disputed invoices regarding finished projects concern a considerable amount of companies and professionals. These problematic aspects of client collaboration can be instigated either by clients or contractors. According to contractassistant, Tim Cummins, CEO of the IACCM (International Association for Contract and Commercial Management), stated that around 9% of contracts involve claims and …

Irene Kalesi in Invoicing Tips

Successful project billing and its different methods

A big part of effective project management is pricing and billing your products or services appropriately. There are different billing processes, each of them working well with different types of projects. Factors like project duration, employee billing rates, type of industry as well as diversity and amount of services offered affect project billing. In turn, …

Irene Kalesi in Invoicing Tips

The gift of automated invoicing in project financial management

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

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 …

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How to send an invoice via email: a comprehensive guide

So far, we’ve learned how to calculate billable hours and how to define billable rates. Before that, we had also 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 will now show you how to send …

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What you need to know about how to calculate billable hours

Every business owner and freelancer should know how to calculate billable hours to secure their income and financial well-being. Questions like “How do I calculate my billable hours?” “Do I need a billable hours calculator?” need to be adequately addressed before you suffer the consequences of poor financial management. In a previous article, we focused …

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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 …

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How to decide when to get paid by the hour or by the 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; …

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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