Have you ever looked at your bank account and almost went into a panic attack over the amount of outstanding A/R your business has accumulated over the years?
Put that amount into a larger perspective. If your business didn’t have $20,000 in outstanding A/R, what could you buy?
A dang nice car…
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Your business could be suffering in other areas because your collection process is getting out of hand.
Have you been needing new desks for all of your employees? Maybe you just want to pay off a big chunk of your business loan.
Plug the number of outstanding A/R your business has into that puzzle and do the math.
Now you see the bigger picture…
The problem can be doing more than causing a stressful client relationship, but could also be hurting your business or holding it back from growth.
Give yourself a raise
Everyone deserves a pat on the back every once in awhile for their hard work, shouldn’t you too?
Pat yourself on the shoulder and give yourself a raise!
By decreasing the amount of outstanding A/R in your bank account, you are ultimately setting yourself up for a happier pay day.
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So how do you get your customers to pay your ITSP
Simplify your billing process by providing a way for your customers to make automatic payments, that’s how.
When your customers can “set it, and forget it”, they are much more likely to always pay you on time, which ultimately means decreased outstanding A/R.
- Give them a clear, convenient method for paying your invoice on time.
- Deliver your invoices electronically – no more lost or misplaced paper bills.
- Make it automatic – so that your customer can pay you first, the moment their invoice is received.
- Make it secure – your customers set their passwords for secure access.
A happy customer means a happy bank account
Making sure your MSP is getting paid on time not only builds a stronger relationship with your client, but also builds a stronger foundation for growth and success for your business.
ConnectBooster’s integration into ConnectWise, Autotask and QuickBooks can do just that.
Reduce your A/R
We want to help you. We want to teach you about what tips and tricks work best to get a consistent cash flow inside your IT business. Email us here today: [email protected]