
Timely Billing – Avoid Headaches and Loss
We dive into the exciting world of accounting in this episode. Timely billing is the focus, and a worst-case scenario teaches the lesson. While the mistake is not directly mine in this story, I was a first-hand witness and deeply involved. That experience cemented my habit of providing regular status and gave me limits for billing flexibility. These steps have helped me avoid much loss and frustration over the years. Timely Billing – And Payment Terms Billing is not the only thing we need to do. There also needs to be follow-up and expectations set for when they should be paid. When those limits are exceeded, then we must have a plan for proceeding in a risk-appropriate manner. It is... Read more