The InvoiceSherpa Blog

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Follow Up Early to Get Paid Faster

Today we're going to expand on a subject that is close to our hearts here at InvoiceSherpa, getting your invoices paid faster. As a hard working person you deserve to get paid and your customers actually do really want to pay you. But regardless of whether your challenge is getting paid faster or at all, we're here to drop some tips on how to make this a bit easier.

QuickBooks Getting Paid Faster Part 2

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.

QuickBooks Online - Get Paid Faster

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.

Outsourced Accounts Receivable

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.

What Is Days Sales Outstanding

Have you ever heard of days sales outstanding? If you run a business you need to! Think of it like the pulse of your business. It's a way to measure how quickly you're getting paid when you bill or invoice a customer. It's critical because every business runs on cash and if you run out of it, you're business can quickly go from stellar performer to broken down on the side of the road. So lets look at why it's so important.

How to calculate your days sales outstanding in Quickbooks

Calculating your days sales outstanding can be a difficult chore in itself, but after you've heard the theory it still requires you be able to put it into practice in your accounting package to make it actionable. Today we'll quickly cover the basics of calculating DSO or days sales outstanding and then we'll move on to a practical example inside Quickbooks online. So let's get started: