Unfortunately, 27% of invoices aren’t paid on time, and 16% percent of invoices are never actually paid, according to Due.com.įreelancers rely on getting paid on time to protect their cash flow. Often seen as a necessary evil, invoicing is unfortunately essential to calculating taxes, managing books, and of course, getting paid. The Account Payable Network found that the average cost to process a single invoice is $ 15 USD, while larger companies with more complex AP processes can spend as much as $ 40 USD to process a single invoice.įrom creation to collection, invoicing can be a nightmare for freelancers. Manually entering data, calculating taxes, and sending invoices is time consuming and expensive. Nobody sets up shop as a freelancer or starts a small business to spend their days creating invoices. But, a big drawback for many freelancing folk is invoicing. How to create an invoice your clients will want to payįreelancing brings numerous benefits, including independence, autonomy, flexibility, and the ability to work in sweatpants.
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