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Collect Unpaid Invoices without Wasting Time

By June 9, 2014November 1st, 2021No Comments

By Amy Knust

The most common thing that all small business owners hear is “It’s all about the customer, it’s never about you.” However, when you have to chase down unpaid invoices, business suddenly becomes ALL about you. It’s about how much time you have, how much money you’re owed, and all those nagging questions, like, “How long ago was it that I last contacted this client?” Acumatica’s Financial Management Suite is all about meeting your needs, with modules that are built to help you get paid fast.

Take the headache out of your accounting

You’ve heard the advice: The best way to avoid unpaid invoices is to bill immediately. But with client meetings, marketing, networking, staffing issues, tax preparation, and, oh yeah, billable time, how can any small business owners find the time to generate invoices to bill clients immediately? With Acumatica’s Cash Management module and other accounting modules, you can manage your day-to-day transactions with ease so that your accounting is always up to date…and your invoices go out fast.

Understand your financials in a single glance

Acumatica’s powerful General Ledger functions as a central database for all of your financial information, which makes it easy for you to see the overall picture of your business performance using KPIs and customized dashboards. See that your cash flow is suffering? It might be because of those unpaid invoices. Acumatica allows you to drill down deep into your reports and business intelligence information so that you can identify names and amounts…and collect that money today.

Automate tedious, time-consuming tasks

Do you or your employees bill for time and/or expenses? Do you hate spending time to collect and enter that data? When you automate the timesheet/expense/work assignment process using Acumatica’s Employee Portal module, you’ll always have all the information you need to send out bills fast…and you won’t have to waste hours with data entry.

Make it easy for your clients to pay

If you serve international clients, you can avoid unpaid invoices with accurate currency billing. Using the Currency Management module in Acumatica, your clients can stop converting invoice currencies…and start entering credit card numbers.

Develop customer contracts that fit your needs

It’s easier to collect fees and payments when you’ve set up a system in advance. The Advanced Contract Management module in Acumatica’s Financial Management Suite empowers you to create customer contracts that include setup, renewal, and recurring fees, so that you can be assured that your customers pay right on time…and pay automatically.

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