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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.
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Are you a freelancer, contractor, or consultant looking for an efficient way to manage your clients, projects, and tasks? Download this Client Time Tr...
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The process of manually tracking worked hours to invoice clients can be time-consuming and not so effective. According to the 2022 Independent Economy Council report, 74% of freelance respondents claim to be paid late. The invoice template automatically compiles logged hours across each task. Use the filters to select a client and project to save time and effort when it is time to send bills.
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