The Pitfalls of Invoicing Clients for Your Accounting Services

Episode notes

Are you still chasing payments and financing your clients’ work? If you’re tracking hours, creating invoices, and waiting weeks or months to get paid, you’re operating like a credit card company - absorbing all the risk while clients receive interest-free financing. This outdated billing model drains your time, hurts your cash flow, and lowers the perceived value of your expertise. In this episode, Loren Fogelman breaks down why billing in arrears keeps accounting firm owners overworked and underpaid, and how shifting to prepayment immediately improves profitability, protects your boundaries, and strengthens client relationships.

• How to Design a Chart of Accounts That Supports Better Business Decisions51 / 100
• How Accounting Firms Effectively Stand Out in Today's Marketplace53 / 100
• What Accountants Need to Know About Serving Cannabis Businesses 62 / 100
• Why Becoming More Efficient Costs Your Firm Money
• The Future of Accounting Packages: What Clients Will Expect in 2028