Posted on January 27, 2014
  We're on a mission to get you paid faster in QuickBooks and as a result we can't help ourselves when we come across more great ways to do this. So today lets talk about a technique that can be a huge time saver and a great way to drive not only faster payment from your customer, but a lot more love when it comes to customer service. The Invoice Confirmation Reminder Call Okay sounds big and scary I know, but really what we're saying is when you send an invoice to your customer, you should call them to make [...]
Posted on January 26, 2014
  Now that the new QuickBooks Harmony is online and rolling out lets talk about you can use its new features to get you paid faster. First up sending customers the invoice via e-mail. E-mail your invoice with payment link With the new release of Harmony you can easily send invoices via e-mail to your customers and if you're connected to QuickBooks payments you can also have a "Pay Now" link exposed to your customers. Pros: Easily send customers semi-customized e-mail invoices Give them an easy payment link for QuickBooks payments Allows customers to send questions directly on an invoice [...]
Posted on January 26, 2014
  If you've spent any time doing it you'll quickly realize accounts receivable is one of the hardest jobs to do. It doesn't matter if you're the business owner making it part of your weekly chore list or if it's your full time job as part of the accounts receivable department. When considering how to focus back on your core business one of the best ways is to outsource this component of your business. Increase your cash flow Unpaid invoices, slow paying customers, and high day sales outstanding are the makings of a failed business. In order to run a [...]
Posted on January 25, 2014
How's your accounts receivable lately? Late paying customers, past due invoices, high days sales outstanding, oh my! But how did we get here and what can be done to fix it? Most businesses don't end up running into difficulty because they don't provide a good service or no one likes their product. Most of the time it's just that delicate balance between invoices outstanding and bills coming due. We call this cash flow. I know you've heard this from your accountant many times, but what does it really mean? It just means if you've billed your customers and they take [...]
Posted on January 24, 2014
  Managing accounts receivable is one of the biggest pains in any business, let alone managing the turnover. But despite it's difficulty, it is also an extremely important part of managing any business and keeping cash flow headed in the right direction. Today we'll discuss some of the ways you can mange turnover so it doesn't get you or your business in the wrong place at the wrong time. First up, do you know your receivables turnover ratio? When thinking about trying to improve or manage accounts receivable turnover we need to know where we stand. The easiest way to [...]