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Do you have direct debits and online payments set up to make it easy for your customers to pay you? Talk to us today about implementing online payment systems to reduce admin time, improve the accuracy of your accounts and get paid quicker. #InvercargillBookkeeping #InvercargillBookkeeper #BusinessSupport

Do you have direct debits and online payments set up to make it easy for your customers to pay you? Talk to us today about implementing online payment systems to reduce admin time, improve the accuracy of your accounts and get paid quicker. #InvercargillBookkeeping #InvercargillBookkeeper #BusinessSupport

Struggling with late payments or complex invoicing? Streamline your cash flow with Direct Debits and Online Payments. Discover how to make payments easier for your customers and reduce admin stress. Read more here, https://lnkd.in/g3ma__an

Customers appreciate the ability to pay online, and businesses that offer online payments get paid faster. The quicker you get paid the less time you need to spend on chasing up unpaid invoices. Ready? We can help set you up for online payments today. #GetPaidFaster #OnlinePayments #BellPartnersTamworth

Customers appreciate the ability to pay online, and businesses that offer online payments get paid faster. The quicker you get paid the less time you need to spend on chasing up unpaid invoices. Ready? We can help set you up for online payments today. #GetPaidFaster #OnlinePayments #BellPartnersTamworth

Customers appreciate the ability to pay online, and businesses that offer online payments get paid faster. Ready? We can help set you up for online payments today. #InvercargillBookkeeper #InvercargillBookkeeping #BusinessSupport

Customers appreciate the ability to pay online, and businesses that offer online payments get paid faster. Ready? We can help set you up for online payments today. #InvercargillBookkeeper #InvercargillBookkeeping #BusinessSupport

Is your business constantly dealing with late paying customers? Here's why: 1️⃣ You have no automation in your invoicing process 2️⃣ You’re not following up to check your invoice has been received 3️⃣ Your invoice is missing information 4️⃣ You don’t have strong payment terms Late payments have a significant impact on your business's cash flow. In our article below, we have explored the best solutions to each of the factors above. Read our full article here - https://lnkd.in/eG3r9u7g #debtcollection #creditcontol #latepayments #nowinnofee #debtor

💳If you use a card machine in your business to take payments from customers, or a payment collection provider such as Stripe or Go Cardless are you making sure you are correctly recording the sales transactions in full? 😟A common mistake that I have noticed many times is where only the amount received in the bank account is being recorded as a sale. However it’s really important that you record the full gross sale amount and then any fees deducted by the payment facility separately as an expense. 🤔You might be thinking it doesn’t make a difference as the amounts net off against what has been received, but apart from it simply being incorrect in your accounts, there are consequences that you might not have considered. ❌You would be understating your sales turnover, which is important for a variety of reasons, not least because you might be unknowingly exceeding the VAT registration threshold or possibly breaching the threshold to remain in certain VAT schemes, eg. cash accounting. ❌If you are VAT registered, you could be under accounting for your sales VAT if you are only recording the amount hitting your bank account and your VAT liability could be wrong, especially if the fees charged by the service provider are reverse charge or exempt. ❌And if you are sending out sales invoices with a Stripe or Go Cardless payment collection, you may also be only recording the amount actually received in your bank against the invoice, leaving loads of small underpayments on each customer invoice, when these have actually been paid in full. 💡Bookkeeping isn’t as easy as it’s made out to be by some of the software providers! You do need to know what you’re doing to avoid errors in your accounts! 💁🏼♀️If this sounds like something you might need help with then please get in touch!

Check out these five effective strategies to improve your payment process and boost your cash flow. #accountsreceivable #cashflow #payments https://hubs.la/Q02rpy9F0