Accounts Receivable is money that your business is owed, but does not yet have. According to , the average company is waiting 30 days longer for payments than was agreed under contracts. How widespread is this problem? According to survey of 937 small businesses, the number of companies who have trouble collecting payments from customers is one in four. These cash flow delays can pose a serious risk to small businesses.
While there are cases where a client will intentionally put off paying an invoice, as a business you want to eliminate as much friction to cash flow as possible—you do not want there to be an excuse. Maybe a late invoice was misplaced by the client and forgotten. Maybe the payment was sent out, but has actually been lost in the mail. (A cliche, but sometimes dogs really do eat homework.) It is even possible—especially if you are dealing with paper invoices and cheques—that the invoice was misplaced in your mailroom and did not get cashed by your accountant.
OfficeBooks is designed to make sales and invoicing as frictionless as possible for your business and clients:
• Frictionless quotes and invoices: OfficeBooks allows businesses to electronically . As soon as the client signs off on the quote, an invoices arrives. With OfficeBooks, ‘lost in the mail’ is no longer an excuse.
• Frictionless payment: OfficeBooks’ means clients have the option to pay immediately through link in the invoice itself. Stripe does not even require the business to have a merchant account.
• Frictionless integration: With QuickBooks integration, your accountant can have access to every sale you make in OfficeBooks. OfficeBooks is even available through .