Invoicing is one of the most consequential parts of running a consulting firm. Done well, it protects your margins, strengthens client relationships, and keeps cash flowing. These guides cover everything from choosing the right billing model and managing work in progress, to writing invoices that get paid on time.
As a consulting firm owner, knowing your cash flow position is crucial for operations. Typically, you get a clear sense of your cash flow at the end of the month, when all of your invoices are ready to send out. But in the middle of the month, you are operating in the dark. And what about three months from now?
For many consulting firm owners, the end of the month means sending invoices, and waiting on the inevitable emails from your clients’ finance department requesting clarification. Common requests include a breakdown of hours on a specific phase of the project, or additional detail on a task that went over the estimated hours.
In consulting, billable hour adjustments often happen at the end of the billing cycle, when the amount of hours actually worked exceeds what is reasonably expected by the client. Those hours are usually just dropped from the invoice silently, while work for the next billing cycle ramps up.
Discover the 5 common billing mistakes that cause clients to delay payment and how invoicing software like Projectworks solves them.
Learn how automated invoicing software for consultants reduces Days Sales Outstanding (DSO) and improves cash flow.
Discover the psychology behind billing transparency, why detailed invoices build trust, and how automated invoicing software helps strengthen relationships with your clients.
When Queensland’s Projectick outgrew its old systems, it needed software that worked as hard as its projects do.
For consulting firms, the invoice is more than a receipt, it is the moment revenue becomes cash. The last mile often slips: wrong entity, inconsistent branding, unclear breakdowns, or formatting that stalls in AP. Invoice templates fix this at the root: design once, apply everywhere, and generate professional invoices your clients approve on the first pass.
In this quick read, we’ll introduce you to Days Sales Outstanding (DSO).
As a consulting firm owner, knowing your cash flow position is crucial for operations. Typically, you get a clear sense of your cash flow at the end of the month, when all of your invoices are ready to send out. But in the middle of the month, you are operating in the dark. And what about three months from now?
For many consulting firm owners, the end of the month means sending invoices, and waiting on the inevitable emails from your clients’ finance department requesting clarification. Common requests include a breakdown of hours on a specific phase of the project, or additional detail on a task that went over the estimated hours.
In consulting, billable hour adjustments often happen at the end of the billing cycle, when the amount of hours actually worked exceeds what is reasonably expected by the client. Those hours are usually just dropped from the invoice silently, while work for the next billing cycle ramps up.