How We Automate Invoicing & Payments
We try to spend more time growing our business and less time running it. Recently, we reviewed payment and accounting tools in search of a fully automated billing solution. We use FreshBooks to log our team’s time spent on various client projects. It’s a web-based accounting system that sends invoices to our clients. Like many such tools, FreshBooks makes it easy for us to accept credit card and PayPal payments. These payment options, however, come with fees that quickly add up when you’re processing thousands of dollars each month per client. Electronic bank payments are the best low cost alternative, but even the most popular apps for processing such payments (i.e. Dwolla) require manual effort from the customer and often the vendor with each transaction.
Bill.com was the best solution we found that connects with FreshBooks (through Xero) and enables us to fully automate our accounts receivables. Watch our video to learn how to do this for yourself. Drop us a line if you think we can help automate aspects of your business.