Freelancing offers many benefits, from flexibility to independence, but it also comes with its own sets of challenges. Most notably, making sure you get paid for your hardwork in a timely fashion. 

To help you manage the financial side of freelancing, here are five effective ways to make sure you get paid.

1. Set clear terms from the start

Before you dive into a project, it’s essential to establish clear terms with your client.

This includes:

• Scope of work: Outline exactly what you will deliver, along with deadlines. This reduces the chances of scope creep, which can lead to disputes over payments. 
• Payment terms: Specify your rates, payment schedule (e.g. upfront, upon completion, or in instalments), and acceptable payment methods. Make sure that both parties agree on these terms before starting a project. 
• Contract: Always use a contract to formalise the agreement. This doesn’t have to be overly complicated, a simple document outlining the scope, payment terms, and deadlines will suffice. Having something in writing protects both you and the client and can serve as a reference point if disputes arise.

Check out our article essential contracts freelancer’s need for more information!

2. Invoice promptly and professionally

Invoicing is a crucial part of getting paid, yet it’s often overlooked by freelancers.

Here’s how to invoice like a pro:

• Use professional software: Using accounting software like ours allows you to easily create professional looking invoices. Our software will not only enhance your credibility by producing professional invoices, but also help track payments more efficiently. You can also look to download our free invoice templates. 
• Timelines: Send your invoices as soon as you complete the project or at agreed-upon intervals. Delaying invoicing can lead to delays in payment, as clients may not prioritise late invoices. 
• Details matter: Include all necessary details on your invoice: your business name, the client’s name, a unique invoice number, a breakdown of services rendered, and the total amount due. Don’t forget to specify payment methods and due dates. 

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3. Follow up, but be professional

Even with clear agreements and timely invoicing, delays can happen. If a payment is overdue, follow up with your client.

It’s important to send polite and gentle late payment reminders initially as sometimes payments slip through the cracks. A gentle nudge can resolve the issue quickly. 

Make sure to check out our late payment reminder templates to help you chase up payment professionally.

4. Offer multiple payment options

Offering various payment methods can encourage quicker payments. Here are some of the most common payment types accepted:

• Bank transfers: Direct bank transfers are often straightforward and secure, making them a preferred method for many clients.
• Online payment platforms: Services like PayPal or Stripe are popular among freelancers. They provide an easy way for clients to pay and can be quicker than more traditional methods. 
• Credit card payments: Allowing clients to pay by credit card can expedite the process, particularly if it’s a larger invoice. However, credit card companies often charge processing fees so make sure you consider this before offering it. 

Regardless of which ones you choose—offering multiple options make it easier for clients to settle their bills quickly. Reducing the chances of late payments and making sure you get paid quicker. 

5. Build strong relationships with your clients

Fostering a good relationship can significantly impact your payment experiences. Ways to build better rapport include communicating regularly, remaining reliable and professional and showing appreciation to make sure your clients feel valued. 

Now you’re ready to get paid quicker!

Getting paid as a freelancer doesn’t need to be stressful. By following these tips you can significantly increase the likelihood of getting paid faster. That way you can focus on what you do best—delivering good work—and less on chasing payments. 

Working with a reputable online accountant like Crunch can help you go a long way to streamlining this process. Our easy-to-use accounting software helps automate and streamline tasks to save you valuable time and money!

Interested in how we could help your business? Get in touch today for a free consultation to find the best option for your business.

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