Trying to manage and track down unpaid invoices can take hours. CollectPRO includes special features like custom reports and status updates that decrease this time.
Boost Your Cash Flow
Losing billable time tracking down late payments, voiding long overdue invoices, and/or accounts receivable being reported in a company’s profit to be taxed– all decrease your cash flow. CollectPRO’s features address each of these issues.
Improve Your Relationships
Being professional and kind go a long way to maintain strong client relationships. CollectPRO comes with email reminders, the ability to track last contact made, and add notes to help you maintain healthy communication.
Best Practices for Payment Collection Are you spending too much of your precious time on payment collection? Do you wish you had a specific person in charge of this so you could focus on running your business? We have a solution for you! Keep reading this article to learn about best practices to improve your payment collection processes including: Valuing your client Setting clear expectations Maintaining consistent communication The right tools Valuing your client We believe it is easier to collect money from clients that know you care about them. It’s the little things that count. Go visit them at…
Increase Your Accounts Receivable Ratio An Accounts Receivable Turnover Ratio is found by dividing the net annual credit sales by the average accounts receivables (Net Annual Credit Sales / Average Accounts Receivables). A high accounts receivable turnover ratio means that a company is efficient at collecting payments on their invoices. In contrast, a low accounts receivable turnover ratio would be a sign a business has a large amount of unpaid invoices and are owed a large amount of money. It is a good metric to quantify the financial stability of the business and how well companies are managing their cash…
How To Collect Past Due Invoices? An unpaid invoice is when a client/clients don’t pay the amount you billed for a service or product you provided in the past. These amounts add up to create a business’ accounts receivable- the revenue expected but yet to be collected. In this article, we want to discuss: Why a large amount of past due invoices can be damaging to your business and a hindrance to your business’ success. Common Reasons past due Invoices Collect Ways to Be Proactive about past due Invoices How to Use Technology to Collect Past Due Invoices Most businesses…
View either summary by client or in detail by individual invoices
Filter by: status, name, date, amount owed, or time overdue
Control what date period you’re viewing
Featuring…
Trackable Collection Efforts
Add special notes.
Date stamp any changes.
Update status codes.
View past notes/contact history.
Choose invoices or statements to send to your client or sales staff.
Featuring…
Custom Reports
Filter reports by status code, customer(s), and date range.
Summary View Report.
Detail View Report.
Audit Log Report.
Use these reports to drive your collection activity tracking such things as promises to pay or checks in the mail to keep your customers payments accountable.
INSIDE OF OUR INVOICE MANAGING APP:
REVIEWS OF OUR INVOICE MANAGING APP:
“CollectPro has made it easy for me to see all I need in one place. I don’t have to run an aging report into a spreadsheet weekly because CollectPRO and QuickBooks Online are in sync almost instantly after an update has been made. I’m saving time and collecting my money faster.”
A/R Manager for Tax Preparer Company
“CollectPro has significantly decreased the amount of accounts receivable our company has. Not only has it helped us get organized and manage unpaid invoice smarter, it has eliminated the hassle of miscommunications between multiple staff working accounts receivable. At any one time, someone on our team is able to check contact history and status of different invoices and update using common language so everyone stays on the same page.”
A/R Manager for Accounting Company
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