The Art of Getting Paid
Professional invoice management is critical for Nigerian SMEs. Here are best practices to ensure you get paid on time.
Best Practices
1. Use Professional Templates
Professional invoices signal credibility. Use FedaCash's free invoice generator.
2. Clear Payment Terms
State payment terms clearly on every invoice.
3. Send Promptly
Send invoices immediately after delivering goods or services.
4. Follow Up Systematically
- Day 1: Send invoice
- Day 7: Friendly reminder
- Day 25: Payment reminder
- Day 30: Due date notice
5. Offer Multiple Payment Options
Bank transfer, USSD, debit card, mobile money.
6. Use Invoice Discounting When Needed
If a client is slow to pay, use invoice discounting to get cash immediately.
Master invoice management. Download the FedaCash App from Google Play.
