Are you tracking your invoices with Excel spreadsheets? No matter what system you use or create, it’s important to track invoices effectively to scale your business, stay organized, and make sure no money is left on the table from forgetting to invoice or invoicing improperly.
Many small businesses start tracking their invoices with Excel spreadsheets in the beginning - it’s easy to get started and seems like it might have everything you need to properly invoice your clients and manage your invoices.
But often, small businesses underestimate the detailed and consistent attention invoicing needs, regardless of who (or what, if it’s automated) is doing it.
While spreadsheets are an easily accessible way for any business to begin tracking invoices -- this system is better than no system -- at a certain point, a business will be ready to graduate to more formal platforms.
If you’re still using spreadsheets to track your invoices, check out the following pros and cons of using them in the first place.
Move beyond spreadsheets to track your invoices!
Spreadsheets are a great place to start, but the more hours you book and the more clients you win over, you’ll inevitably need a smart invoicing alternative. At a certain point, spreadsheets become too risky and too simplistic, especially for a growing organization. Be sure to look for an invoicing solution that integrates with your CRM like HubSpot, so that you can go directly from sales to invoicing.
Also, find a SaaS platform with smart automation features so that you never miss an important date. If you’re invoicing based on time and materials, look for a solution that considers time tracking in the mix as well. This is key for professional services organizations to make the most of their time and bill more hours.
Learn more about PSOhub Invoicing