What are some other efficient ways to manage clients and projects?

Some strategies to improve the efficiency of freelance work include using time-tracking tools to automatically compile logged hours across each task, using filters to select a client and project to save time and effort when it's time to send bills, and ensuring prompt payment by setting clear payment terms and following up on late payments.

Late payments can have several impacts on freelancers. It can cause financial instability and stress as they may rely on these payments for their livelihood. It can also affect their ability to manage their cash flow and meet their own financial obligations on time. Additionally, it can lead to a loss of trust in the client and may affect future work relationships.

The client time tracker template can help in managing invoices and payments by automatically compiling logged hours across each task. This can save time and effort when it's time to send bills. It can also help in reducing the chances of late payments, a common issue faced by freelancers as per the 2022 Independent Economy Council report.