Practice management software provider Financial Cents has introduced a new billing feature, which enables accounting firms to bill their clients on time, follow up on invoices automatically, get paid faster, and improve their accounts receivable turnover.
Key features of the billing feature include:
- Ability to create one-off and recurring invoices: The billing feature lets you create invoices for your one-off projects, but that’s only one aspect. You can also automate recurring invoices to save you the administrative burden of remembering (and creating) these invoices from scratch every week or month.
- Sync invoices and payments with QuickBooks Online: Because of Financial Cents’ integration with QuickBooks Online, your payment data in Financial Cents synchronizes with your QBO account. With this feature, the status of your invoice and payment in Financial Cents will appear in QBO to prevent duplicate information and ensure complete and accurate financial records.
- ACH and credit card payment options: Whether you prefer ACH payment, credit card payment, or both, the Financial Cents billing feature accepts both payment methods.
- Saved payment methods: When your client uses a method to make a payment, Financial Cents automatically saves and authorizes it for future payments. With this feature, Financial Cents improves your accounts receivable by eliminating the need for clients to remember—and manually enter—their payment information before making payment, which improves your overall client experience.
- Automatic payments and authorized payments: This feature provides the option of automatically charging your client’s account as and when due. It uses your client’s payment information on file to automatically charge them for your services. Financial Cents will send your client the invoices after each payment.
- Automated client reminders: The reminder feature automates your receivable collections by following up with your clients until they send your payment. This frees up your time to focus on meeting client deliverables.
More information on the new billing features can be found here.
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Tags: Accounting, Software, Technology
