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of customers paid a Square InvoiceWhat businesses say about Square Invoices “Before using Square Invoices, we used paper invoices for everything. With Square Invoices technology, we are able to save 40 hours a week on invoicing that we can spend on better serving our customers.”
Scotts Valley, CA “Square is integrated into our accounting software, so we can better track everything that happens with payments. The more we grow, the more funds we can have available to invest in our growth.”
Delinquent customers can cause serious financial stress for any business. Chasing them down to meet their obligations can be a cumbersome process, not to mention the pressure it puts on a business’ cash flow.
Nowadays, companies looking to alleviate some of that stress tend to outsource collection management, with the goal of making collection management more efficient without damaging the company’s business relationship.
Before you can take action on overdue invoices, it is important to know what invoices are outstanding (what is overdue and what is due soon) and avoid having to guess who owes me money? When will you pay me?
Now that you know who needs a nudge, set up payment reminders to ease the pain of follow-up. Customers who have payment reminders turned on get paid two days faster and have 14% fewer outstanding invoices than those who do not.
It is a document like a Fiscal Coupon that we use in Latin America and it is used throughout the United States. Unlike Latin countries, in the United States there is no need to maintain a local software for sales control.
In the United States there are several software management programs, such as Quickbooks, Freshbooks and Xero. At Company Combo we opted for Xero, and this is the software we indicate for all our customers and partners.
If you like, there are some programs that make the process easier, such as the free software to make invoices: Invoice Generator. After filling in some fields, such as company name, date and value of the sale, you have the invoice ready.
When starting with the accounting control of the company, a suggestion is to have a professional support or even a software. In the USA there are many options, such as Quickbooks, Freshbook and Xero.
In Company Combo we chose to work with Xero, software that we indicate for all our clients. It facilitates the issuance of invoices and ensures that all the necessary information will be present and that you will have control over your collection and payment history.