Accounts receivable (AR) is money owed to your business by customers, so the AR process is all about collecting this money. It includes steps such as sending invoices, checking if they\u2019ve been paid, and following up on late payments.<\/p>\n\n\n\n
Your AR process is closely related to your cash flow \u2014 the money moving in and out of your business. Simply making sales isn\u2019t enough; you need cash in the bank! If you don\u2019t bring in enough money from sales to cover your expenses, you may end up in financial trouble. That\u2019s why creating an effective AR process is essential for all small businesses.<\/p>\n\n\n\n
How can you improve your accounts receivable process?<\/strong><\/h4>\n\n\n\nIf you already use QuickBooks for accounting and you\u2019re struggling to manage AR, a QuickBooks-integrated CRM<\/a> may be the solution. By bringing customer and financial data together, you\u2019ll gain a new perspective and can work more efficiently. You\u2019ll also gain access to features not found in QuickBooks.<\/p>\n\n\n\nHere are some tips to improve your accounts receivable process.<\/p>\n\n\n\n
Invoice accurately and efficiently<\/strong><\/h4>\n\n\n\nBefore you can receive payment, you have to ask for it. Kickstart the AR process by making invoicing go as smoothly as possible.<\/p>\n\n\n\n
Invoice on a regular schedule<\/strong><\/h5>\n\n\n\nUnfortunately, 64% of small businesses<\/a> are affected by late payments. This means if you leave all your invoicing to the end of the month, you\u2019ll be waiting well into the next month to get paid. Instead, schedule a block of time each week for invoicing, or send out invoices as soon as jobs are complete. If you\u2019re often on the go, Method<\/a> CRM\u2019s mobile app<\/a> lets you create invoices anytime without needing access to QuickBooks.<\/p>\n\n\n\n![\"\"](\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\")
<\/figure>\n\n\n\nStreamline invoice creation<\/strong><\/h5>\n\n\n\nStarting each invoice from scratch is a surefire way to drag out the process and introduce errors. Take advantage of the features in your QuickBooks CRM to make invoicing more efficient. Estimates can be automatically converted to invoices with the click of a button. Or, create an unlimited number of custom invoice templates for different types of orders and customers.<\/p>\n\n\n\n
Send invoices to the right people<\/strong><\/h5>\n\n\n\nCustomers have a lot of reasons for making late payments \u2014 but don\u2019t let not receiving an invoice be one of them. Make sure your team has access to your CRM so they can keep customer billing information up-to-date. In Method CRM, all contacts linked to a customer receive billing emails unless you opt a contact out.<\/p>\n\n\n\n<\/figure>\n\n\n\nMake it easy for customers to pay you<\/strong><\/h4>\n\n\n\nWe all know that people tend to put off difficult or frustrating tasks. Increase your chances of receiving payment on time by making the payment process as simple as possible.<\/p>\n\n\n\n
Invoice electronically<\/strong><\/h5>\n\n\n\nWhether you email invoices directly from QuickBooks or a QuickBooks-integrated CRM<\/a>, electronic invoicing gets the balance in front of your customers sooner than snail mail. And if the email includes links to online payment options, it\u2019s almost too easy for customers to pay you right away.<\/p>\n\n\n\nOffer multiple payment options<\/strong><\/h5>\n\n\n\nSome customers may like paying by cheque, while others may prefer using debit, credit cards, or online payment gateways like PayPal. By offering a variety of payment options, you\u2019ll maximize convenience for your customers and increase your chances of prompt payment.<\/p>\n\n\n\n
Offer a self-serve customer portal<\/strong><\/h5>\n\n\n\nEmpower your customers to pay when it\u2019s convenient for them, without needing to contact you during business hours. Method CRM\u2019s built-in portals give customers 24\/7 access to their invoices, while setting up a payment gateway lets them make online payments. Better yet, payments made through the portal sync to QuickBooks automatically, so you have money in the bank sooner.<\/p>\n\n\n\n<\/figure>\n\n\n\nKeep tabs on overdue invoices<\/strong><\/h4>\n\n\n\nTo keep cash flowing into your business, you need a well-oiled system for chasing missed payments. With any luck, attentive follow-up will train tardy customers to pay on time in the future.<\/p>\n\n\n\n
Maintain accurate payment records<\/strong><\/h5>\n\n\n\nIt doesn\u2019t look good to follow up on a paid invoice. Stay organized by applying payments to invoices as soon as you receive them. If you\u2019re hesitant about giving your team access to QuickBooks, implementing a QuickBooks CRM<\/a> is a great alternative. Not only can your team process payments right in the CRM, but the payments automatically sync to your QuickBooks file.<\/p>\n\n\n\n<\/figure>\n\n\n\nKnow which invoices need attention<\/strong><\/h5>\n\n\n\nThe older an invoice is, the less likely it is that you\u2019ll ever see payment. That\u2019s why it\u2019s essential to monitor the age of each invoice and act as soon as the due date passes. Use the \u201coverdue invoices\u201d view filter in your Method<\/a> CRM invoices app to easily identify which invoices are unpaid.<\/p>\n\n\n\nTake consistent steps to chase payments<\/strong><\/h5>\n\n\n\nMaximize efficiency when chasing late payments by having a plan for what steps you\u2019ll take. These could include follow-up emails or phone calls, charging late fees, or even bringing in debt collectors. Whichever measures you choose, ensure your team is aware of how and when to execute them. Assign activities to team members in Method CRM, or create shared email templates for key follow-up messages.<\/p>\n\n\n\n<\/figure>\n\n\n\nIf you\u2019re having trouble managing your accounts receivable process in QuickBooks, why not try a QuickBooks CRM? All of the features described above are included in a Method CRM subscription<\/strong>, so you can start getting paid faster. Sign up for your free trial of Method today!<\/a><\/p>\n\n\n\n
\n\n\n\nReady to get started?<\/strong><\/h4>\n\n\n\nSign up for a free trial of Method CRM, the #1 rated CRM by QuickBooks users on apps.com.<\/p>\n\n\n\n<\/a><\/figure>\n\n\n\n
Here are some tips to improve your accounts receivable process.<\/p>\n\n\n\n
Invoice accurately and efficiently<\/strong><\/h4>\n\n\n\nBefore you can receive payment, you have to ask for it. Kickstart the AR process by making invoicing go as smoothly as possible.<\/p>\n\n\n\n
Invoice on a regular schedule<\/strong><\/h5>\n\n\n\nUnfortunately, 64% of small businesses<\/a> are affected by late payments. This means if you leave all your invoicing to the end of the month, you\u2019ll be waiting well into the next month to get paid. Instead, schedule a block of time each week for invoicing, or send out invoices as soon as jobs are complete. If you\u2019re often on the go, Method<\/a> CRM\u2019s mobile app<\/a> lets you create invoices anytime without needing access to QuickBooks.<\/p>\n\n\n\n<\/figure>\n\n\n\nStreamline invoice creation<\/strong><\/h5>\n\n\n\nStarting each invoice from scratch is a surefire way to drag out the process and introduce errors. Take advantage of the features in your QuickBooks CRM to make invoicing more efficient. Estimates can be automatically converted to invoices with the click of a button. Or, create an unlimited number of custom invoice templates for different types of orders and customers.<\/p>\n\n\n\n
Send invoices to the right people<\/strong><\/h5>\n\n\n\nCustomers have a lot of reasons for making late payments \u2014 but don\u2019t let not receiving an invoice be one of them. Make sure your team has access to your CRM so they can keep customer billing information up-to-date. In Method CRM, all contacts linked to a customer receive billing emails unless you opt a contact out.<\/p>\n\n\n\n<\/figure>\n\n\n\nMake it easy for customers to pay you<\/strong><\/h4>\n\n\n\nWe all know that people tend to put off difficult or frustrating tasks. Increase your chances of receiving payment on time by making the payment process as simple as possible.<\/p>\n\n\n\n
Invoice electronically<\/strong><\/h5>\n\n\n\nWhether you email invoices directly from QuickBooks or a QuickBooks-integrated CRM<\/a>, electronic invoicing gets the balance in front of your customers sooner than snail mail. And if the email includes links to online payment options, it\u2019s almost too easy for customers to pay you right away.<\/p>\n\n\n\nOffer multiple payment options<\/strong><\/h5>\n\n\n\nSome customers may like paying by cheque, while others may prefer using debit, credit cards, or online payment gateways like PayPal. By offering a variety of payment options, you\u2019ll maximize convenience for your customers and increase your chances of prompt payment.<\/p>\n\n\n\n
Offer a self-serve customer portal<\/strong><\/h5>\n\n\n\nEmpower your customers to pay when it\u2019s convenient for them, without needing to contact you during business hours. Method CRM\u2019s built-in portals give customers 24\/7 access to their invoices, while setting up a payment gateway lets them make online payments. Better yet, payments made through the portal sync to QuickBooks automatically, so you have money in the bank sooner.<\/p>\n\n\n\n<\/figure>\n\n\n\nKeep tabs on overdue invoices<\/strong><\/h4>\n\n\n\nTo keep cash flowing into your business, you need a well-oiled system for chasing missed payments. With any luck, attentive follow-up will train tardy customers to pay on time in the future.<\/p>\n\n\n\n
Maintain accurate payment records<\/strong><\/h5>\n\n\n\nIt doesn\u2019t look good to follow up on a paid invoice. Stay organized by applying payments to invoices as soon as you receive them. If you\u2019re hesitant about giving your team access to QuickBooks, implementing a QuickBooks CRM<\/a> is a great alternative. Not only can your team process payments right in the CRM, but the payments automatically sync to your QuickBooks file.<\/p>\n\n\n\n<\/figure>\n\n\n\nKnow which invoices need attention<\/strong><\/h5>\n\n\n\nThe older an invoice is, the less likely it is that you\u2019ll ever see payment. That\u2019s why it\u2019s essential to monitor the age of each invoice and act as soon as the due date passes. Use the \u201coverdue invoices\u201d view filter in your Method<\/a> CRM invoices app to easily identify which invoices are unpaid.<\/p>\n\n\n\nTake consistent steps to chase payments<\/strong><\/h5>\n\n\n\nMaximize efficiency when chasing late payments by having a plan for what steps you\u2019ll take. These could include follow-up emails or phone calls, charging late fees, or even bringing in debt collectors. Whichever measures you choose, ensure your team is aware of how and when to execute them. Assign activities to team members in Method CRM, or create shared email templates for key follow-up messages.<\/p>\n\n\n\n<\/figure>\n\n\n\nIf you\u2019re having trouble managing your accounts receivable process in QuickBooks, why not try a QuickBooks CRM? All of the features described above are included in a Method CRM subscription<\/strong>, so you can start getting paid faster. Sign up for your free trial of Method today!<\/a><\/p>\n\n\n\n
\n\n\n\nReady to get started?<\/strong><\/h4>\n\n\n\nSign up for a free trial of Method CRM, the #1 rated CRM by QuickBooks users on apps.com.<\/p>\n\n\n\n<\/a><\/figure>\n\n\n\n
Unfortunately, 64% of small businesses<\/a> are affected by late payments. This means if you leave all your invoicing to the end of the month, you\u2019ll be waiting well into the next month to get paid. Instead, schedule a block of time each week for invoicing, or send out invoices as soon as jobs are complete. If you\u2019re often on the go, Method<\/a> CRM\u2019s mobile app<\/a> lets you create invoices anytime without needing access to QuickBooks.<\/p>\n\n\n\n Starting each invoice from scratch is a surefire way to drag out the process and introduce errors. Take advantage of the features in your QuickBooks CRM to make invoicing more efficient. Estimates can be automatically converted to invoices with the click of a button. Or, create an unlimited number of custom invoice templates for different types of orders and customers.<\/p>\n\n\n\n Customers have a lot of reasons for making late payments \u2014 but don\u2019t let not receiving an invoice be one of them. Make sure your team has access to your CRM so they can keep customer billing information up-to-date. In Method CRM, all contacts linked to a customer receive billing emails unless you opt a contact out.<\/p>\n\n\n\n We all know that people tend to put off difficult or frustrating tasks. Increase your chances of receiving payment on time by making the payment process as simple as possible.<\/p>\n\n\n\n Whether you email invoices directly from QuickBooks or a QuickBooks-integrated CRM<\/a>, electronic invoicing gets the balance in front of your customers sooner than snail mail. And if the email includes links to online payment options, it\u2019s almost too easy for customers to pay you right away.<\/p>\n\n\n\n Some customers may like paying by cheque, while others may prefer using debit, credit cards, or online payment gateways like PayPal. By offering a variety of payment options, you\u2019ll maximize convenience for your customers and increase your chances of prompt payment.<\/p>\n\n\n\n Empower your customers to pay when it\u2019s convenient for them, without needing to contact you during business hours. Method CRM\u2019s built-in portals give customers 24\/7 access to their invoices, while setting up a payment gateway lets them make online payments. Better yet, payments made through the portal sync to QuickBooks automatically, so you have money in the bank sooner.<\/p>\n\n\n\n To keep cash flowing into your business, you need a well-oiled system for chasing missed payments. With any luck, attentive follow-up will train tardy customers to pay on time in the future.<\/p>\n\n\n\n It doesn\u2019t look good to follow up on a paid invoice. Stay organized by applying payments to invoices as soon as you receive them. If you\u2019re hesitant about giving your team access to QuickBooks, implementing a QuickBooks CRM<\/a> is a great alternative. Not only can your team process payments right in the CRM, but the payments automatically sync to your QuickBooks file.<\/p>\n\n\n\n The older an invoice is, the less likely it is that you\u2019ll ever see payment. That\u2019s why it\u2019s essential to monitor the age of each invoice and act as soon as the due date passes. Use the \u201coverdue invoices\u201d view filter in your Method<\/a> CRM invoices app to easily identify which invoices are unpaid.<\/p>\n\n\n\n Maximize efficiency when chasing late payments by having a plan for what steps you\u2019ll take. These could include follow-up emails or phone calls, charging late fees, or even bringing in debt collectors. Whichever measures you choose, ensure your team is aware of how and when to execute them. Assign activities to team members in Method CRM, or create shared email templates for key follow-up messages.<\/p>\n\n\n\n If you\u2019re having trouble managing your accounts receivable process in QuickBooks, why not try a QuickBooks CRM? All of the features described above are included in a Method CRM subscription<\/strong>, so you can start getting paid faster. Sign up for your free trial of Method today!<\/a><\/p>\n\n\n\n Sign up for a free trial of Method CRM, the #1 rated CRM by QuickBooks users on apps.com.<\/p>\n\n\n\n![\"\"](\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/1518714667280-InvoiceDetails.png\")
<\/figure>\n\n\n\nStreamline invoice creation<\/strong><\/h5>\n\n\n\n
Send invoices to the right people<\/strong><\/h5>\n\n\n\n
![\"\"](\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/ContactsScreen-1.png\")
<\/figure>\n\n\n\nMake it easy for customers to pay you<\/strong><\/h4>\n\n\n\n
Invoice electronically<\/strong><\/h5>\n\n\n\n
Offer multiple payment options<\/strong><\/h5>\n\n\n\n
Offer a self-serve customer portal<\/strong><\/h5>\n\n\n\n
![\"\"](\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/1518732060234-PortalTransactions-1-1024x498.png\"){kind=spacer}
<\/figure>\n\n\n\nKeep tabs on overdue invoices<\/strong><\/h4>\n\n\n\n
Maintain accurate payment records<\/strong><\/h5>\n\n\n\n
![\"\"](\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/PaymentCustomer-1-1024x686.png\")
<\/figure>\n\n\n\nKnow which invoices need attention<\/strong><\/h5>\n\n\n\n
Take consistent steps to chase payments<\/strong><\/h5>\n\n\n\n
![\"\"](\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/a0590af0-d53a-4dca-aa6f-eace9a3a39ae_activityfollowup.png\")
<\/figure>\n\n\n\n
\n\n\n\nReady to get started?<\/strong><\/h4>\n\n\n\n
![\"Free](\"https:\/\/www.method.me\/wp-content\/uploads\/2017\/02\/Free-Trial.png\")
<\/a><\/figure>\n\n\n\n