Intuit Payroll Invoice

Total Time: 10 minutes

1. Perfect Invoice Software

   Accounting software like QuickBooks set up by Intuit is one of the perfect software where invoice tools and ease are concerned. It accords users with the power to create and send out invoices in a matter of minutes. From sending out a single invoice to multiple dispatches of invoices, both are possible with QuickBooks accounting software at hand.

2. Constant Payment Reminders

   There are times when the clients genuinely forget to make payment within the stipulated time as the invoice details skip their minds. To avoid delay in payment after the date mentioned on the invoice, users can send a friendly reminder to their clients regarding the payment approach.

3. Recurring Invoice / Billing

   At times we set up client relationships for the long term in which scenario, the user can set up a recurring bill format. This process is much more feasible to handle than creating and sending new invoices and then awaiting the payment of the same. Under this, the client’s credit card is set to automatically provide a certain amount every month on regular basis.

4. Advance Payment Of Invoice

   There are instances wherein the user can get paid not only in the time mentioned on the invoice but also might get paid in advance, especially in cases of service providers. This is generally labeled as a deposit or retainer where half payment is done in advance and the rest once the project is complete. This form called deposit is quite common within the industry market and thus gets accepted easily by almost all clients.

5. Add Late Fees And Discounts

   Users can also dictate the terms of invoices through late fees and discounts. These terms are to be added at the bottom of the invoice where the late fees rules and regulations should be clearly stated. Such as users can add clauses stating that the accounts unpaid after 2 weeks of the date in the invoice will be subjected to a late fee charge of 2%. Generally, these clauses ensure timely payment of invoices, however, in case that is not so, the user can follow up with the client and set up new terms.

   The user should be ready with an alternate plan in case of non-payment of the invoice. They can either inform the client about the delay in legal writing format or warn about putting the bill under collection with aid of the court.

   Additionally, you could include a discount for your clients if they pay the bill ahead of time. For example, you could deduct 2% of the amount owed if paid within 10 days.