If you’re a service provider or support coordinator, you must know what NDIS billing and invoicing requirements are. It can help you get paid on time and meet your responsibilities.
The first tip is to ensure your invoices meet NDIS requirements. It includes stating the correct date and unit price of the service.
Keep track of time
A time-tracking tool is an excellent way to automate your billing process and ensure you send accurate invoices to your NDIS clients. These tools save you time and help you keep your business running smoothly.
Another benefit of time tracking is that it allows your employees to see how they are working and where they could improve their efficiency. If they can see where their time is going, it can make them realize that they’re spending too much time in meetings or on administrative tasks that aren’t essential to their job.
These changes can significantly impact your team’s efficiency and how you manage their workload. It can help you build more productive teams and achieve meaningful goals.
By tracking how much time you spend on different projects on GoodHuman you will be more accurate about your schedule and staffing people across various tasks. It means you’re less likely to overbook a team and overrun projects.
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Ensure you’re not overcharging
As an NDIS provider, you must understand that there are strict guidelines and requirements to be followed when submitting invoices for payments. Whether you’re an experienced NDIS service provider or a newcomer to the industry, ensuring your invoice is correct is crucial to getting paid quickly and efficiently.
The first thing you need to do is ensure you are not overcharging NDIS participants for your services. NDIS has set strict payment rates for support providers, and you must make sure that you are billing at these rates. The NDIS pricing guide (also known as the Support Catalogue) lists all support categories, their prices, and payment limits. You must check this regularly to ensure you’re not overcharging or undercharging for your services.
Additionally, it’s vital to include the time you spent providing the service. It is because the price limits vary for daytime and evening services, and you will need to add this information to your invoice when it’s sent to the NDIS.
Use an NDIS invoice template
You can find a variety of free NDIS invoice templates online that you can use in your business. They can also be customized to fit your specific needs and branding. Many of these templates even have a ‘pay now’ button to allow clients to make payments instantly.
An NDIS invoice template will contain all the essential invoicing information you need to send an invoice. It will also have your business logo and name listed in the document’s header. It will help to ensure that your NDIS invoice is easily identifiable and enables you to avoid confusion with other providers.
Using an NDIS invoice template can also help you avoid the common mistakes of creating NDIS invoices. For example, if your NDIS invoice has several errors, it could negatively impact the customer’s experience. It will also affect the customer’s trust in your company and cause them to think twice about using you again.
Another critical thing to remember when creating an NDIS invoice is always to round the figures to two decimal points. It will prevent confusion and allow for quick and accurate payment turnaround.
It’s also a good idea to keep a backup of your NDIS invoices and records for future reference. It can be done using cloud-based accounting software or maintaining a physical repository on your server. It will allow for easy retrieval and processing of NDIS invoices. It will ensure you can provide your participant or their plan manager with accurate documentation should you be selected for a compliance review.
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Send invoices on time
Sending invoices on time is crucial to ensuring that your business gets paid as soon as possible. You want to ensure timely invoices to maintain a customer’s trust in your company, which is the last thing you want.
Software that automates invoice processing can help you avoid these common mistakes. It’s also a great way to save time by not having to spend a lot of effort on the invoices themselves, which can help your business to stay humming along.
Setting up a regular billing cycle for your services is the best way to ensure you’re sending your invoices on time. For example, if you’re invoicing weekly, send your invoices on the same day every week. Or, if you’re invoicing semi-monthly, send your invoices on the 10th and 15th of the month. It will ensure your invoices are sent on the correct days and are easy to track if you need to go back and look at your records.