Using invoice templates improves your efficiency, productivity, and accounting practices. More importantly, studies show that how you present your bills significantly influences how urgent your customers regard payment; the more professional your invoices look, the more seriously clients take the payments. Invoice templates improve your company’s image and reinforce your brand.
You started your own business because you excel at providing a service, selling or producing a product, and you grow your business by sustaining your dedication to the core of your business. For most small business owners, the business of running the business gets in the way of generating more sales. The more you can do to automate and delegate routine management tasks, the more you can concentrate on building customers’ loyalty and finding new clients. Downloading and using invoice templates should rank near the top of your to do list, because the sooner you get them in place and in use, the sooner you can stop thinking about them.
Invoice templates improve your efficiency.
No matter how much you and your office manager love to play with your computers, you will save a great deal of time and money, and you will get far better results from downloading templates instead of creating your own.
Assuming that you are reasonably proficient with the Microsoft Office Suite, you may create your own invoice template; but why go to all the trouble of reinventing the wheel? Most build-it-yourself templates require updating and adjusting for each new invoice, and they often do not calculate running totals or sum-up the bottom lines the way you wish. Moreover, if you send your invoices via electronic mail, you must complete the process of mail-merging to make them go out automatically. When you download templates, you can set the parameters so that the software does all the calculations as soon as you enter the customer’s name and the numbers.
Invoice templates improve your productivity.
Even if you feel more than willing to shoulder most of the workload, creating your own invoices does not represent the best use of your time. Use invoice templates to assure than you and all your employees devote their time to the business’s most important and productive activities.
Most small businesses depend on an office manager for performance of the whole range of routine management tasks-all the bookkeeping, payroll, correspondence, scheduling, and personnel matters. If the office manager gets bogged-down in any single task, all of the other work suffers. Billing probably ranks second on the list of a business manager’s priorities, right behind managing the payroll. Therefore, the more efficiently the business manager can manage accounts receivable, the more efficiently he or she can move on to other urgent tasks. Most templates allow for routine summaries of billing and payments, and most are compatible with other business software, making preparation of profit and loss statements and forecasts more efficient and accurate.
Invoice templates improve your accounting practices.
Coordinate your invoice templates with your accounting software, so that all of your data remains absolutely current and perfectly accurate. Many templates allow you to enter the numbers from your accounts receivable onto your books, your profit and loss statements, and your bills with just a few extra mouse-clicks.