FINSYNC is something that many CPAs for small businesses are familiar with because of the platform's easy features. FINSYNC is an all-in-one payment platform that allows you to sync everything using a centralized system. If you are looking for a better way to handle cash flow at your business, it may be a great helping hand. As a business owner keeping everything as streamlined as possible to stay on top of cash going in and out of your business accounts is critical. So, let's do an overview of the features that make this a great asset for accounting for small businesses.

Sending Payments for Your Small Business

Getting a handle on the payments going in and out of your accounts can seem like an all-consuming task when you're running a business. FINSYNC actually provides you with a payment inbox that serves as the command center for all electronic payments. Here's a look at what you can do:

  • Send all forms of electronic payment with remittance details.
  • Send payments using ACH, debit cards, and credit cards using just your email address.
  • Have your payments accepted online without customers or vendors seeing your payment data.
  • Have checks sent on your behalf by FINSYNC if a business or individual will not accept electronic payment.
  • Have all remittance details and attachments stored automatically.

FINSYNC allows you to pay from multiple banks and charge cards. Your personal payment information is always going to be protected and obscured when you send remittance details to others. This type of payment system is ideal for managing taxes and accounting for small businesses because all of your payment records will be in one spot.

Requesting and Collecting Payments for Small Businesses

FINSYNC offers a simple, secure way to request payments. You can be paid via ACH, debit card, credit card, or paper check. All paper checks that are sent will actually be directed to a FINSYNC lockbox. FINSYNC does the work of converting a paper check into an ACH deposit for you. The funds from the check are delivered electronically without the need for you to ever touch the check or visit a bank for a deposit. All funds that you collect using FINSYNC as your small business management software are deposited into your synced bank account.

Your customers and clients can have total peace of mind because you'll never see a payer's card or bank information during the payment process. What's more, the people paying you will enjoy the same clear records for remittance details that you do.

FINSYNC allows you to view the statuses of payment requests in real-time. You can set reminders to send out payment requests automatically for recurring clients.

An Easy Way to Do Payroll

FINSYNC provides a fully cloud-based payroll platform that allows you to handle payroll tax and pay people via direct deposit. This resource is compatible with all payroll cycle types. In addition, it generates automatic tax returns and payments. You can even activate a tool for tracking employee and contractor hours.

CFO business advisory for small businesses: Get Insights for Payment Processing From an Accountant for Small Businesses

The main point to know is that FINSYNC isn't as expansive as some other platforms that assist with bookkeeping for small businesses, but you're getting a streamlined program that handles a few key tasks exceedingly well. Our accounting experts are here to help should you decide to utilize FINSYCN. We at Fusion CPA are well versed in accounting technology implementation for small businesses. In addition to helping you capitalize on software, we can help you identify industry-specific financial opportunities for revenue growth. We offer comprehensive tax planning, bookkeeping, and CFO business advisory. You can learn more about our services by clicking the button below to schedule a complimentary discovery call today!


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