Progress billing explained: a practical guide for small businesses
Having to wait for payment until a project is completed can put a strain your cash flow, especially when the work spans weeks…
Overview
Having to wait for payment until a project is completed can put a strain your cash flow, especially when the work spans weeks or months. Progress billing, also known as progress invoicing or milestone billing, may offer more peace of mind. This version is adapted for Nexbal with a shorter, practical structure.
Key Takeaways
- What is progress billing?
- When billing in stages makes sense
- Turning project progress into invoices
Practical Checklist
- Define the process and responsibilities before you invoice.
- Verify customer data, amounts, taxes, and due dates.
- Use a consistent template and keep documentation in one place.
- Follow up unpaid invoices with a predictable reminder flow.
Start invoicing with Nexbal
Use Nexbal to create and send professional invoices with less manual work.