Have you ever been so crazy-busy you missed paying a monthly invoice or bill on time? You’re certainly not alone. But as a business owner banking on timely payments from customers, you need to minimize the likelihood of late payments as much as possible.
Fortunately, QuickBooks Online has features that make it quick and convenient for your regular customers to pay you. More good news: if you approach the conversation as an opportunity to better understand and meet your customers’ needs, you might just strengthen your business relationship as a result.
(Frustrated by chronically late payments right now? These strategies may be helpful.)
Why Recurring Sales Receipts can be a win-win
Let’s say you own a flower shop, and one of your regulars places a recurring order for the same five seasonal bouquets every week. If you use QuickBooks Payments, this is a perfect opportunity to use the Recurring Sales Receipt feature to charge their credit card automatically. In many cases, this option spells a win-win for you and your customers. You can count on reliable income each week, and they skip the hassle of constantly making payments.
If your customer agrees to let you keep track of payments by using this feature, here’s what you’ll need to do next.
(Note: before you begin, please read and understand the appropriate legal compliance standards)
Connect with your customers
Set up recurring transactions from a Sales Receipt
Enter the payment method
Learn more about dealing with late payments:
How do you build strong relationships with your customers? What do you do to ensure you get paid on time?