Sooo... I'm hoping to set up my business VERY soon. I just got my tax return which is going towards some new toys. Mower, whipper, etc. I've finished reading the manual (awesome resource).
I'm currently in the process of learning the ins and outs of small business but the one thing that has me completely stumped is invoices and getting paid.
How does it work? Cash? Cheque? Direct Deposit?
Do you give them 7days or cash on the spot?
Also how do you keep track of who owes what etc?
Clearly I'm totally new to all this hehehe
Any tips or info would be much appreciated.