Have you looked back at 2022’s cash flow performance yet? If you haven’t, it’s probably because you’ve been too busy with end-of-year responsibilities. But once the New Year’s celebrations are over and you’ve flipped the page to 2023, it’s time to plan for next year’s receivables acceleration.
You have undoubtedly previously made efforts to get your clients to pay more quickly. You may be using QuickBooks to track your finances, but are you making the most of its features? Your Payments Snapshot can give you an overview of your current financial situation. Access the Payments section by selecting Snapshots from the main menu’s toolbar. Check the Customers Who Owe Money chart and the Invoice Payment Status list. A/R Aging Report – Run it.
You should speak with professional Tax services in Aventura, FL, if you have any questions.
Just curious, how are you doing at the moment? If the response is less than satisfactory, you may want to start thinking about ways to boost your cash flow in 2023. Consider these four ways in which QuickBooks might expedite your payments:
Customers who have outstanding balances should first be mailed statements.
Putting a note on bills that reads something like, “Please accept my sincere gratitude for your purchase. We value your promptness in making a payment “may give them a little push in the right direction. But if you’ve already sent out a couple of invoices and haven’t heard back from any customers, you might want to explore issuing statements in QuickBooks.
Statements might be sent to clients in two distinct scenarios. Customers often request a history of their billing and payment activity when they’re just interested in a certain time period. However, they can also serve as a powerful tool for getting past-due payments off clients’ minds.
Make sure your invoices are flawless and sent out as soon as possible.
Now is the time to learn how to personalize your invoices in QuickBooks. Select Templates from the Lists menu. To open an Invoice form, double-click on the appropriate form. To select a template, go to the menu bar and then select Manage Templates. You may view the sample document in the right-hand sidebar. To avoid accidentally replacing the original, select Copy and enter a new name in the Template Name text box. After clicking OK, the Basic Customization window will appear, allowing you to adjust the template.