invoicing Tag

It all starts somewhere (the reminder of a Facebook memory)

By Liz

I have mixed feelings about those Facebook memory posts. You know the ones, they appear first thing in the morning announcing, with confetti, “on this day four years ago…” and a photo of you in the arms of an ex-boyfriend that makes you cringe inside. That’s no way to start the day. It’s like running into your old self on the street, a twin you enthusiastically wearing your old clothes, obliviously making your old mistakes. You’re confronted with the person you were, a person who has changed. Mostly, I wanted to drag that historical twin into the nearest doorway and pack her away into a cupboard.

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Five things lately

So let’s start with this: in exactly one month it will be Christmas. ONE. MONTH. I’m not really sure how that even happened. It’s been one hell of a year, in so many ways. And not just because we now have a fancy system that basically does all our invoicing for us.

Because Liz gave you a very informative, business-y post last week about that very same invoicing system (if you missed it, please feel free to absorb the wisdom here. Also – there are cat pictures.), I thought I’d share five random things that I’ve learnt/experienced lately.

1. Owning your own business sometimes means late nights and stressing about finances. And sometimes it means bikini shopping on a Wednesday afternoon.

2. When your client sees her new website for the first time and is so completely chuffed that she struggles to make words – that right there is the stuff. The reason we do what we do. Sure, paying rent is awesome. But moments like that – they are my affirmation.

3. Tax. Oh ALL-THE-EXPLETIVES-ALL-OF-THEM. Liz reckons that this is how we feel about tax:

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For me, it’s more like this I think:

panic

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I can now tell you that I know the difference between PAYE and provisional tax. The provisional tax deadline is in January 2015. The PAYE deadline is NOT. Failing to understand this means a FULL-on panic when you realise that your actual deadline is tomorrow. It also means paying the wonderful people who come to your rescue in snapdragons (boys – those are flowers) and beer.

4. Being able to advise friends on how to start or grow their own businesses – because you’ve been there and you’re still working it out – is pretty great. It’s a wonderful thing seeing so much potential in people you admire, and being able to see ways in which you can help them take off. Even if it’s just telling them how amazing they are over a beer.

5. The more I see of the business world, the more I really think that we are all just faking it ‘til we make it. Especially when you start your own thing. The amazing thing is to get to a point when you see how well your projects are doing and how far you’ve come – when you hear the words that you are making as you sit in a meeting and you think: “Holy s@#%, we really do know what we are doing. That was some great advice I just gave. I would hire us.”

“Invoicing? Ain’t no thang”: advice for small businesses

I never thought I’d catch myself clapping for glee about… software. I also never thought I’d do chair dances about getting coding right. But here we are. Having your own business does things to you. When you start out, you have to do the best with what you have. We’ve grown over the past eighteen months so we decided to start investing in systems to help our business run better. For us, that meant investing in a good time-tracking and invoicing programme.

Like everyone except accountants a lot of people, Sarah and I feel like this about accounts:

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But we both feel like this about tax:

cat 2

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So we did the best we could, which at that stage was accounts in Excel, quotes and invoices in Word and us in between. This system was fine but it was pretty laborious and we were pretty certain that we were working far more hours than we had actually quoted for on most jobs. As we grew, we wanted accuracy and efficiency and so the search began.

I looked at loads of software with invoicing and time tracking functionality and Zoho came out tops for us. It had everything we wanted (and loads more), it was affordable and it had the perfect balance of automation and customisation.

Here are my top five favourite things about it:

1. Logical navigation

Each client has a profile which you assign projects to. You time tasks associated to each of these projects. For example:

Client: X

Project: Website rebuild

Tasks: Content editing, website design, SEO implementation.

2. Simple, easy time tracking

The time tracking is simple: you name the task and hit the timer. What if you forget? You can input it manually.

3. Beautiful, automated invoices

Once you’ve decided how you want to bill clients, set up and customised an initial invoice design from loads of templates, it just takes one click to generate an invoice for a client. It pulls through all of your information, all of their information, the project information, the tasks and their descriptions as well as their logged times and puts it into a beautiful, professional-looking design.

4. Super slick process

From there, you can email off the invoice from within the Zoho or save it as a PDF and send from your own email programme. Once the client has paid the invoice, you mark it as such and all of that information is fed through to your reports. You can even design and automate a thank you email, which also allows for a personal message to the client.

5. Information-packed reports

The thing I get the biggest kick out of is the reports. You can set a budget of hours that you’ve quoted the client for and see how many you’ve worked through at any point in the project. This gives you great control on your investment in a project so you can pull back and speak to the client when you can see that you’re going to need more hours or add more services when you’ve underworked a project. The financial reports let you see the growth of your business and that’s the most exciting thing of all.