Keep an organised filing system so that you have everything to hand; using cloud accounting will streamline this process. Lots of cloud accounting systems have built in invoice systems; you can create, log and chase invoices within the software.
4. How can a business: a. Keep good physical records? b. Keep good records using technology?
Make it easy for customers to pay
For most businesses, paying online is a significantly better option for making payments. It’s simpler, faster and easier to track, for both parties involved. If you’re waiting a long time for payment make paying you as pain-free as possible for customers. It also helps towards creating a positive consumer experience, making customers more likely to do repeat business.
5. What are the advantages to paying invoices online: a. For the buyer? b. For the seller?
