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Management SmartsTips and trends for growing your business

ByJacquelyn Lynn

Opinions expressed by Entrepreneur contributors are their own.

In the ongoing battle to get paid on time, two of your mosteffective weapons are well-designed invoices and billingstatements. Start by understanding the document's purpose,advises Frank Uhlman, a collections expert at the Commercial LawLeague of America.

"The invoice describes a particular purchase," Uhlmansays. "Statements, or bills, are usually sent monthly and listthe invoice numbers and dollar amounts of purchases and paymentsmade during the billing period."

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