If you spent half of 2010 tracking down payments for goods sold or services rendered, read on. We’ll highlight ways to collect what’s owed to you through invoicing systems that make it easier to pay and get paid.
AcceptPay American Express offers an electronic invoicing and payment system that allows you to customize invoices and send via email. Import your client list, set up automatic invoices, and request a return receipt. Invoices include a web link that allows clients to pay online immediately or they can authorize transfers from a bank account.
PayPal is another option for online bill pay and invoicing, especially for small companies. Not just for eBay purchases anymore, PayPal is similar to AcceptPay in its ease of use, email receipts, and invoice management.
Benefits of such services are speed, of course, but also a decrease in paperwork. Also, you are also no longer maintaining your client’s credit card information which reduces potential problems. The customer does the data entry and receipts are emailed immediately. Web-based services are also easily accessed from anywhere.