It is the most awkward situation when you do not get your payments on time and you have to remind your clients about it. No businessman likes to get the late payments but it always happens with some clients. If you are using the QuickBooks, this accounting software can help you to get your payments on time.
You can perform lots of tasks in QuickBooks like you can make the invoices easily, can track the transactions and can remind the clients to pay you. So if you also want your payments on time, here are few tips for you to get your payments on time:
Invoice the clients quickly:
To get the payments, you have to make the invoices of your clients. So if you want to get the payments quickly, you have to make the invoices quickly. You can use the QuickBooks to make the Invoices easily. This accounting software gives the freedom to make the invoices as soon as possible.
Send the invoices online:
The fastest and easiest way to send the invoice is online. You can send the invoices by email to your clients so that they can get the invoices as soon as possible. It is also easy for the clients to receive the online invoice and to pay for it.
Make the regular payment schedule:
The clients follow the regular payment schedules like mainly on 1st of month or 15th of month. So you also should maintain a regular payment schedule for the payments by which you can invoice the clients and can receive the payments on time.
Set payment reminders:
The payment reminder is very good option to get your payments. This feature is available in QuickBooks and you should set the regular payment reminders. You can remind your clients that they have due payments. You can set the automatic reminders by using QuickBooks.
Be flexible with payment type:
The various clients use different methods to pay you. You have to be flexible to receive every type of payments. The clients can pay you by using the credit card, debit card, cash and online banking. So receive all payments available at that time.
Make good relations with clients:
You have to make the good relation with the clients so that they can give the preference to you. if you are in good relation with clients, they will pay you first. You should share a thank you note after the completion of the payment.
Ask for payments:
It is your right to ask for the payments because you have done the work and they have to pay you on given time for it.
Review your invoice system:
You should review your invoice system every month so that you can know which clients are paying on the time and which are delaying the payments. You can concentrate at those clients.
So these are tips to help you to get the payments earlier. You can use the QuickBooks as the account tracking and management system to manage your payments.