With May upon us, and the first quarter of the year well behind us, here are 3 ways to reduce the effects of aging.
Clearly, we are not talking about wrinkles, grey hair and that “Oh, what did I do yesterday that made my body hurt so much?” part of life; we are talking about the life-cycle of the client payment.
If you are looking at invoices that still remain unpaid, from Q1, it is time to close that loop. Being 30, 60 and sometimes 90-days behind can greatly reduce your ability as an organization, as a business from doing what you want to do next.
Don’t wait to get paid. There are easier tools than ever for any type of business that can be implemented with just software, and often, no new hardware at all.
Make it as easy as 1-2-3 to pay with a variety of options that suit the client.
1-Set up auto-billing to a credit card on a monthly basis. Or, don’t want to accept credit cards, offer them EFT and ACH – you can implement whatever works for you and your clients.
2-Bring the payment device to them. Most smart phones and 3G enabled tablets can utilize software that allow you to invoice and accept payment from the client face-to-face, standing on the porch, in the client’s living room or front yard. If they are not home, send the invoice from the truck after you finish their service.
3-E-mail an invoice. Offer 24/7 payment options and a secure payment link. No stamps, no envelopes, no trips to the post office. You can accept payments whenever they are ready to pay.
What’s better, all of these options can be integrated with QuickBooks® so you don’t have to do double entries on bookkeeping.
With the newest technologies becoming even easier to use, there is no reason to be waiting for payments. No more aging. No more stress. No more wrinkles. (Hopefully.)
Want to set up one (or more) of these options today. E-mail us to chat.