As a business owner or manager, it’s important that you understand and make use of online invoicing. After all, faster business operations translate to better yield. There are quite a few online invoicing software packages to choose from, but Xero is one of the best ones especially because it is so easy to use and gives both you and your customers to the ability access from phone, tablet, or computer. The Xero platform has done a great job of making online invoicing cleaner, faster, and more efficient.
Time Savings and Convenience
Eliminating the normal complexities of online payments, Xero makes it “simplistically” convenient for businesses and customers to process thier payments via online invoicing. It is really as easy as sending invoices to customers with an online billing link via email. The customers then have the option to click on ‘Pay Now’ to immediately transfer funds or click on ‘Outstanding Bills’ to retrieve their unpaid bills and clear them. Your customers can even inquire about the details of a particular invoice in just one click. If you want to attach documentation, you can simply take a screenshot of the unpaid bill or reciept, attach the file with the claim invoice and send it to customer!
Get Paid In Multiple Currencies
Do you get paid in multiple currencies? If so, Xero has an automated currency conversion system which makes billing easier for you and the customer. The system operates in different currencies and updates the conversion rates every hour. You can send the online invoice to customers in their currency without the hassle of manual conversion.
Quicker Payments = Smarter Business
When you activate the payment processing module with us, getting paid with Xero becomes a snap. Your customers can quickly and easily transfer funds from their credit card or even thier Paypal account. Giving your customers these options means faster payment turnaround which transalates to less headaches chasing recievables, and more cash flow to be able to do things like purchasing inventory and growing your business.
If you are tired of hearing excuses over lost or never recieved invoices, Xero actually tracks the customer timeline and sends you a complete record of when the invoice was viewed. It also tracks when the customers checked their outstanding and unpaid bills, making cash flow and balance maintenance easier for you. To take it one step further, Xero will even help you check the credibility of new clients and customers.
Easily Manage Your Slow Pays
Debtor cash flow management is another smart way to track payments and follow up on slow or non paying accounts. Check all your unpaid bills and send invoices in bulk to defaulters and debtors. You can also create notes or establish expected payment dates for exclusive debtor cash flow management.
Streamline the Workflow
Sending invoices, regularly updating clients with balance and outstanding bills, managing cash flow, transferring funds within various groups and scheduling bill payments you are hectic to say the least. But that’s not the case if you have Xero. Payments, checks, returns, bill scheduling, and balance maintenance are automatically maintained by Xero.
Personalization and Customization
Xero allows you customize your invoices and create a more personalized layout, by either using Xero’s professional invoice templates or create a personalized custom design template from scratch. In the scalibility department, Xero is highly compatible with many inventory products and you can easily integrate your favorite apps to give you the customization and functionality you need.
Have Questions? Need Help?
If you have questions with invoicing or setting up payments in Xero, give us a call. In just a couple minutes, we can show you how to use Xero as a complete system to streamline your accounting as well as billing and getting paid . To learn more, just give us a call at 866.949.7267 or click here to send us a message.