Do you still send people to collect cash or cheque from your customers and deposit it into the bank account later? It takes lots of time, efforts and human resources until you finally get the fund in the bank account after you have issued an invoice and it became due!
Or do you still ask your customers to make the transfer of payment to your account? The customer has to send someone to the bank to make the transfer (if the customer is still not on net banking) or has to go online banking, key in your information and amount to complete the online transfer! Then confirming the payment, you checking the bank account to confirm the receipt, and entering the receipt in your accounting system! Don’t it take too much time and efforts also?
Don’t you think there is room for improvement? Is there a way to make life easier for you and your customers?
This way of doing business provides lots of excuses to delay the payments. The cash is the lifeblood of the business, and it is critical that you receive payment on time to manage the working capital and cash flow better and run the business smoothly. It would help if you did everything possible to get the payments on time. Yes, give your customers more ways to pay you and make it easier for them.
Give your customers more ways to pay you and make it easier for them.
Digital payments are not only meant to retailers or online business. When the world moves more and more into the digital world, and digital is how the world makes payments these days, you should provide digital payment option to your customers irrespective of what business or industry you are in. By providing more comfortable digital payment options to your customers, you get payments quicker, almost automated.
You can make it even more comfortable with Zoho Books and a payment gateway account. You can integrate the online payment gateway with your Zoho Books accounting system. When you create an invoice, it can be sent to the customers directly from the Zoho Books itself with a link to make payment online. Customers click on the link and make payment online. The payment gets updated in the accounting system, and you and customers get notified. The whole workflow is automated! It makes life a lot easier for you, your employees and the customers.
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