Ah, invoicing: the bane of my freelancing existence. I really don’t enjoy it. It feels like boring busywork. I completed the project, isn’t that enough?
As a result, I put it off and ultimately wait for ages until I get paid for something I may have done two months ago.
My challenge for July was to invoice my clients within 24 hours of completing the project. Simple enough for the average person. I mean, who doesn’t like getting paid… and on time?! (I have fantastic clients who pay promptly.)
So here’s a shocker: I had a 90 per cent success rate with this challenge!
One of the greatest resources I used was the cloud invoicing and accounting platform, FreshBooks. *Sidenote: this is not an affiliate link. I just think every freelancer could benefit from this awesome resource.*
I signed up for FreshBooks in March and used up my free, 30-day trial, just kind of getting used to the platform while still sending out my PDF invoices made from Word directly to my editors and clients. My PDF system was cumbersome, difficult to keep track of, and, as you may have guessed, I got fed up with the process.
In May, I had completed eight projects for a client and did not bill them. I was swamped with other work and it felt unimportant because I knew the money was coming… eventually.
My next reporting project for that client was due in July, and all nine of those project invoices were sent within the hour of completion. I was all over this challenge!
Some projects were completed in-between my other jobs so I still got them sent within the 24 deadline, but a couple took about 72 hours for me to send the bill. Still, not too shabby! A marked improvement, that’s for sure.
The one moment that I’m most proud of is sending the invoice within minutes of completing a project. I’m so much better at navigating FreshBooks now and have become much more organized as a result. It’s one of the best tools that I now pay for every month. I’m definitely going to continue honing this awesome habit of getting paid on time.
It’s August and I’m taking these mindfulness habits to the next level!
My challenge is to check my main bank account balance twice per week. I’m following in my Sisterpack’s footsteps to simply be more aware of what goes in and goes out of my account on the regular. Knowledge is power. (Gotta love those cliches!)
Wish me luck! What money challenge have you tackled lately? Let us know in the comments below or on Facebook, Twitter, or Instagram!