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7 Proven Ways to Make Your Billing and Collections More Profitable
As a law office administrator, one of your most important responsibilities is managing the firm’s finances. This includes billing clients and collecting payments, which can be a challenging task. However, there are several proven ways to make your billing and collections more profitable. This report includes seven of them.
Contents:
1. Create clear, detailed invoices
2. Bill promptly and consistently
3. Offer electronic payment options
4. Use a retainer system
5. Monitor your accounts receivable
6. Offer discounts for early payments
7. Hire a collections agency
Model Form: Client Billing Statement
Model Policy: Client Billing Policy
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