We've started doing monthly billing with our clients. Billing is now tied to a date, not a milestone. It's so much better for cash flow. Anyone else doing this?
Since getting paid is always an issue, I asked Vivienne if she would share her process. Here’s what she told me in this interview/podcast:
- Why she started doing monthly billing
- How she brings it up with clients
- How it’s especially beneficial if a project drags on
- Why it keeps things “fair” with clients
And please comment on this billing practice. Vivienne wants to make sure this type of billing isn’t doing a disservice to the rest of the industry.
What do you think about monthly billing? Does monthly billing do a disservice to the industry?