You need to get your paycheck. And it’s a pretty universal truth that we all want to be paid as quickly as possible. For contractors, your job becomes a lot easier if you receive payment on time. So, here are a few tips that can potentially save you time and have your bank account filling sooner rather than later. Here is how you can get paid quicker: 5 tips for contractors.
Offer Discounts
One way to ensure that you are paid quicker by your clients is to give them incentive. For instance, create a deal for your clients who are timely with their payments. You can offer some enticing discounts for clients who pay for their project before their due dates. A setup like this ends up being beneficial for everyone. You can be happy because your payment was received rather rapidly! And your client can be happy because they got a discount. It’s a win-win.
Invoicing
Sometimes the details can get lost in the paperwork, and that’s often true for invoicing on contracting jobs. One way you can ensure that you get paid in a timely manner is to invoice in a timely manner. Most people do not enjoy paperwork, so it oftentimes gets a little shove to the back burner. Make sure you prioritize invoicing your clients immediately. The faster they receive invoicing, the faster they can make payment.
Cloud Software
One way to make invoicing faster and easier for you is to use cloud software. If invoicing is easier for you, you can potentially get paid faster. There are a lot of options for cloud software available for the construction and contracting industry. These platforms allow you to manage and complete all of your paperwork digitally.
Why is this awesome? Because it’s faster. You don’t have to bother with paper invoices anymore. You can log in to your software and invoice your client directly through the platform. Your client will see your invoice instantly when they log on to their portion of the software. And when they see your invoice, they can immediately pay you through the software program. It’s that easy and that quick.
Contractor Cloud and Builder Trend are just two of the options you have for streamlining your business via the cloud.
Apps
If you’re not quite ready to commit to the all-encompassing power of cloud software, you can also consider an app to help you move through the invoicing process a little faster. Apps like Fresh Books allow you to handle a lot of the financial record keeping you need to do for your business through one simple app. You can create and send professional invoices from your smartphone if you need to. There’s a 30-day free trial and then different levels of paid subscriptions to meet your needs. Having a quick and easy way to make and send invoices means you can get paid faster.
Now that you have all the knowledge of how to get payment fast, let us help your clients secure the money they need to finance their next project. We’ve got you covered with the best contractor financing for customers. Give HFS Financial a call today at 1-800-254-9560 to get started. “You Dream It, We Finance It.”