BizFusion LLC’s Post

In a perfect world, every invoice sent to a customer would be instantly paid upon receipt, right? 🤩   However ... we don't exactly live in a perfect world 😬   So that means, as a business owner, you need to keep an eye on your invoice payments (and accounts receivable reports) to make sure the cash keeps flowing 💵   Don't forget what happens if your invoices go unpaid:   ❌ You won't be able to pay your vendors (not good) ❌ Your loan payments will be late (REALLY not good) ❌ And it may even create payroll problems when paying your employees - or yourself (gulp!)   So don't stick your head in the sand to avoid you're A/R woes!    Instead, tackle it head on with these four tips on managing your invoices and A/R:   ✅ TRACK YOUR SENT INVOICES Whether it's in Quickbooks or a spreadsheet, track EVERY invoice you send and update your records weekly.  This will help you keep track of what's due soon, and help you see any potential problems before an invoice becomes PAST due.    ✅ KEEP YOUR INVOICING SIMPLE Research shows that clear + complete invoices with easy payment options get paid faster.  Double-check 👀 your invoices to make sure they aren't confusing (and slowing you down!)   ✅ CONSIDER OFFERING A PAYMENT PLAN Slow payments are better than no payments, right? Especially if a client is having cash flow problems 😬 With a payment plan, at least you'll still get some cash coming in!   ✅ COMMUNICATE + FOLLOW UP Was an invoice due yesterday?  Then follow up today. Maybe he simply forgot … or maybe he needs a payment plan.  Either way, good communication builds stronger customer relationships (and cash flow!) ❤   (P.S. Want more tips on this?  Just check out this helpful article below! 👇) Now, be honest – when you see these tips, do you suddenly feel a need to breathe into a paper bag? 😬   No sweat – if managing your invoices or catching up your records feels too overwhelming … just reach out! I'd love to help you, like I help the rest of my clients. #bookkeepingservice #entrepreneurlife #businesshelp #bookkeeping #bookkeepingservices #knowyournumbers #businessfinances #taxseason2024

In a perfect world, every invoice sent to a customer would be instantly paid upon receipt, right? 🤩   However ... we don't exactly live in a perfect world 😬   So that means, as a business owner, you need to keep an eye on your invoice payments (and accounts receivable reports) to make sure the cash keeps flowing 💵   Don't forget what happens if your invoices go unpaid:   ❌ You won't be able to pay your vendors (not good) ❌ Your loan payments will be late (REALLY not good) ❌ And it may even create payroll problems when paying your employees - or yourself (gulp!)   So don't stick your head in the sand to avoid you're A/R woes!    Instead, tackle it head on with these four tips on managing your invoices and A/R:   ✅ TRACK YOUR SENT INVOICES Whether it's in Quickbooks or a spreadsheet, track EVERY invoice you send and update your records weekly.  This will help you keep track of what's due soon, and help you see any potential problems before an invoice becomes PAST due.    ✅ KEEP YOUR INVOICING SIMPLE Research shows that clear + complete invoices with easy payment options get paid faster.  Double-check 👀 your invoices to make sure they aren't confusing (and slowing you down!)   ✅ CONSIDER OFFERING A PAYMENT PLAN Slow payments are better than no payments, right? Especially if a client is having cash flow problems 😬 With a payment plan, at least you'll still get some cash coming in!   ✅ COMMUNICATE + FOLLOW UP Was an invoice due yesterday?  Then follow up today. Maybe he simply forgot … or maybe he needs a payment plan.  Either way, good communication builds stronger customer relationships (and cash flow!) ❤   (P.S. Want more tips on this?  Just check out this helpful article below! 👇) Now, be honest – when you see these tips, do you suddenly feel a need to breathe into a paper bag? 😬   No sweat – if managing your invoices or catching up your records feels too overwhelming … just reach out! I'd love to help you, like I help the rest of my clients. #bookkeepingservice #entrepreneurlife #businesshelp #bookkeeping #bookkeepingservices #knowyournumbers #businessfinances #taxseason2024

Did you know? According to a study done by QuickBooks on Small Business Insights, 𝟯 𝗶𝗻 𝟱 𝘀𝗺𝗮𝗹𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗵𝗮𝘃𝗲 𝘂𝗻𝗽𝗮𝗶𝗱 𝗶𝗻𝘃𝗼𝗶𝗰𝗲𝘀. That's a lot of money potentially lost...! 𝗠𝗮𝗸𝗲 𝗶𝘁 𝗲𝗮𝘀𝘆 𝗳𝗼𝗿 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝘁𝗼 𝗽𝗮𝘆 𝘆𝗼𝘂. If you're not accepting digital payments yet, it may be time to consider it! Even with some fees, digital payments can help you get paid on time and give you better control over your cash flow. ✅ 𝗜𝗻𝘀𝘁𝗮𝗻𝘁 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: Customers can easily pay online, eliminating delays. ✅ 𝗠𝗼𝗿𝗲 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: No more waiting for checks or dealing with mail. ✅ 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻 𝗦𝗮𝘃𝗲𝘀 𝗧𝗶𝗺𝗲: Streamlines your invoicing and payment processes. ✅ 𝗦𝗲𝗰𝘂𝗿𝗲 𝗮𝗻𝗱 𝗥𝗲𝗹𝗶𝗮𝗯𝗹𝗲: Reduces the risk of missing or late payments. #CahFlowTips #Bookkeeping #BookkeepingTips #DigitalPayements #OnlinePayments #QuickbooksOnline

Profit ≠ Cash! 📉 It's a common misconception that a profitable business always has a healthy bank balance. Your financial accounts are probably full of promises. The customer promises to pay you and you promise to pay your suppliers. If this is not managed carefully it could sink a profitable business! Here’s one cashflow tip to think about: Make it as easy as possible for customers to pay you. 1. Send your proposal from software where they can electronically sign and securely enter their payment details. 2. Collect payment upfront for one-off projects. 3. For ongoing work, see if it’s possible to set them up on a monthly plan with an automatic monthly direct debit. 4. Your software should be smart enough to push the invoice into your accounting software. 5. In #xero you can then set up a repeating rule to automatically reconcile the payment. The results ; More cash, less admin and you can focus on serving your customers rather than thinking about that bill they owe you. I’ve been doing this for years and it works great. Clients love it too as it’s all automated at their end with complete transparency. Cash is the lifeblood of your business. 𝗡𝗲𝗲𝗱 𝗵𝗲𝗹𝗽 𝗺𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝘆𝗼𝘂𝗿𝘀? I’ve just opened up two new spots this month to help small business owners with cash flow planning and tax minimisation. If you’re ready to grow, let’s chat. Click to schedule a call. https://lnkd.in/evAh_9bH #accountingtips #cashflow #smallbusiness accountant #cashflowplanning

In a perfect world, every invoice sent to a customer would be instantly paid upon receipt, right? 🤩 However ... we don't exactly live in a perfect world 😬 So that means, as a business owner, you need to keep an eye on your invoice payments (and accounts receivable reports) to make sure the cash keeps flowing 💵 Don't forget what happens if your invoices go unpaid: ❌ You won't be able to pay your vendors (not good) ❌ Your loan payments will be late (REALLY not good) ❌ And it may even create payroll problems when paying your employees - or yourself (gulp!) So don't stick your head in the sand to avoid you're A/R woes! Instead, tackle it head on with these four tips on managing your invoices and A/R: ✅ TRACK YOUR SENT INVOICES Whether it's in QuickBooks or a spreadsheet, track EVERY invoice you send and update your records weekly. This will help you keep track of what's due soon, and help you see any potential problems before an invoice becomes PAST due. ✅ KEEP YOUR INVOICING SIMPLE Research shows that clear + complete invoices with easy payment options get paid faster. Double-check 👀 your invoices to make sure they aren't confusing (and slowing you down!) ✅ CONSIDER OFFERING A PAYMENT PLAN Slow payments are better than no payments, right? Especially if a client is having cash flow problems 😬 With a payment plan, at least you'll still get some cash coming in! ✅ COMMUNICATE + FOLLOW UP Was an invoice due yesterday? Then follow up today. Maybe he simply forgot … or maybe he needs a payment plan. Either way, good communication builds stronger customer relationships (and cash flow!) ❤ (P.S. Want more tips on this? Just check out this helpful article below! 👇) Now, be honest – when you see these tips, do you suddenly feel a need to breathe into a paper bag? 😬 No sweat – if managing your invoices or catching up your records feels too overwhelming … just reach out! I'd love to help you, like I help the rest of my clients. https://lnkd.in/gTd695PK https://lnkd.in/gTC44wUu

Late payments can disrupt your cash flow, hinder your business operations, and cause unnecessary stress. Here are some proactive steps you can take to ensure smoother transactions and avoid headaches down the road: 💰 Request payment upfront Secure payment before providing services to ensure peace of mind and timely compensation. 💰 Collect a substantial portion upfront If upfront payment isn't feasible, consider requesting a significant portion of the payment before completing the project. This serves as a gentle reminder to clients of their financial commitment. 💰 Automate payment reminders Implement automated payment reminders to gently nudge clients about upcoming payments, relieving you of the task and ensuring timely follow-ups. 💰 Simplify the payment process Utilize user-friendly platforms like QuickBooks, allowing clients to easily make payments directly from the invoices you send them. Remember to bookmark this post for future reference and streamline your payment processes to guarantee smoother transactions! 🤓 #perfectbalanceaccounting #bookkeeping #accounting #expertaccounting #financialservices #accountingsolutions #bookkeepingservices #bookkeepinghelp #bookkeepingforsmallbusinesses

Managing your business's Accounts Receivable in QuickBooks Online? Here are 5 quick tips: 1. Regularly review aging reports to stay on top of overdue invoices. 2. Use reminders and automation to prompt timely payments from customers. 3. Track customer payment trends to anticipate payment delays and address issues early. 4. Implement clear terms and policies on your invoices to encourage prompt payment. 5. Monitor cash flow impact to optimize your financial position. Stay on track and boost your business's financial health with these handy tips! #AccountsReceivable #QuickBooks #Automation #BusinessTips #CustomerService #Finance #Invoicing #Payments #CashFlow #FinancialManagement #SmallBusiness #entrepreneurship

Managing your business's Accounts Receivable in QuickBooks Online? Here are 5 quick tips: 1. Regularly review aging reports to stay on top of overdue invoices. 2. Use reminders and automation to prompt timely payments from customers. 3. Track customer payment trends to anticipate payment delays and address issues early. 4. Implement clear terms and policies on your invoices to encourage prompt payment. 5. Monitor cash flow impact to optimize your financial position. Stay on track and boost your business's financial health with these handy tips! #AccountsReceivable #QuickBooks #Automation #BusinessTips #CustomerService #Finance #Invoicing #Payments #CashFlow #FinancialManagement #SmallBusiness #entrepreneurship

🎯🎯 Cash flow problems and solutions for small businesses: ✅Outstanding receivables:  Late payments on invoices can cause cash flow problems for small businesses. When outstanding receivables are tying up your money, it can leave your business in a poor cash position. ✅Outstanding receivables solution: Review payment terms and collection policies to speed up accounts receivable. You can get money coming in faster if you: Send invoices earlier. Review your billing cycle and payment terms. Break up payments into project-based weekly or biweekly installments. Request payments from past-due accounts. Ask for a deposit or partial payment upfront. Encourage or incentivize early payments. Accept multiple payment methods. Improve cash flow with invoice financing, such as Get Paid Upfront. With Get Paid Upfront, if approved you can access invoice advances and get funds as fast as 1–2 business days instead of waiting on net terms. You can apply in just minutes when you use QuickBooks Online and QuickBooks Payments, and applying doesn’t affect your personal credit score.  Consider selling your debt through  invoice factoring. More Information : https://lnkd.in/dnyhkXcN https://lnkd.in/dZzaxHA8 https://lnkd.in/dwws5Exk https://lnkd.in/ddyTGNEt https://lnkd.in/dFk6r5W5 #bookkeeping #bookkeeper #bookkeepingservices #quickbooks #accountingsoftware #cashflow #quickbooksonline #xero #accounting #xeroaccounting #wave #pdftoexcel #cloudaccounting #freelancing #freonlinebookkeeping #upwork #propertybusiness #realestatebusiness #ecommercebusiness #smallbusiness #mediumbusiness #restaurantbusiness #healthcare #construction #fiverr #fiverrseller #fiverrfreelancer #quickbooks #bookkeeping #bookkeepingservices #xeroaccounting #pdftoexcel #smallbusinessbookkeeping #Waveaccounting

Struggling with cash flow? We've got you covered... 💡 Need Help with Your Cash Flow? Emunah Accounting Services specializes in helping small businesses manage their finances efficiently. Check out these practical tips for maintaining a healthy cash flow and ensuring timely payments. Let's keep your business thriving!