Depending on your business model, preparing invoices and collecting payments could be the most important task you perform. Your small business invoicing and collection process is the engine for generating the cash flow your business needs to operate and grow. Inefficient invoicing and collections can hurt your business, and the minor details matter.

A well-planned invoicing and collections strategy supplemented by technology will provide major benefits. Small businesses that master the art will see improved cash flow, predictable income, improved customer satisfaction, and ultimately, reduced stress levels.