Early Payment Discounts
Accelerate your cash flow by incentivizing clients to pay sooner.
Get Paid Faster with Smart Incentives
Offering a small discount for early payment is a proven strategy to reduce days sales outstanding (DSO) and improve your business's liquidity. Invoice My Clients makes it easy to configure and manage these discounts.
Why Offer Early Payment Discounts?
It's not just about getting paid; it's about smart financial management.
Improved Cash Flow
- Access your funds sooner to reinvest in growth, cover expenses, or take advantage of new opportunities.
Reduced Risk
- Incentivizing early payment significantly decreases the likelihood of late payments and bad debt.
Stronger Relationships
- Clients appreciate the opportunity to save money, fostering goodwill and long-term loyalty.
Competitive Edge
- Demonstrate financial stability and flexibility, setting you apart from competitors.
Understanding the Math
A common term is '2/10 net 30'. This means the client gets a 2% discount if they pay within 10 days; otherwise, the full amount is due in 30 days.
Example Scenario
On a $10,000 invoice, a client paying on day 10 saves $200. While 2% seems small, on an annualized basis, it's a significant return for the client, making it a highly attractive offer.
Flexible Configuration
We give you full control over how and when discounts are applied.
Application Level Settings
Set default discount terms (e.g., 2% for 10 days) that apply automatically to all eligible invoices, saving you time.
Per-Invoice Overrides
Need to make an exception? Easily adjust or remove the discount for specific invoices or clients directly within the invoice editor.