The most important task is the same for every business owner regardless of what type of business you own. That task being, getting paid for the goods or services that you provide your clientele. Cash flow is non-existent without revenue collection. Invoicing customers is a much easier process now in QuickBooks Online.
In the past, invoicing meant performing the following steps for each invoice:
- · Create Invoice
- · Send client invoice
- · Record sale in AR Ledger
- · Receive payment
- · Match payment to outstanding invoice
- · Record payment received
- · Deposit check in Bank
Today with the help of QBO this process can be reduced to the following:
- · Create invoice - This invoice is automatically emailed to client