In this economy, chasing money can become a full-time job. Customers may need hold onto what they owe you -- without asking for the favor. Meanwhile, you're following sales leads or dealing with customers. If your books can go mobile, you may be less likely to build a pile of undelivered invoices and unsent reminders. If you can offer customers a link for paying electronically, you stand a better chance of getting paid sooner.
Online billing, including its new smart phone apps, can help you to match your free moments to unfinished business. You may even have time for friends and family.
Three trends are driving the popularity of online billing solutions:
The evolution of web browsers that can do nearly everything that desktop software can.
The growing acceptance of "cloud computing" -- outsourcing data processing, storage, security, and upgrades to a third party.
The reliability of e-payments systems, eliminating the need for killing trees, stuffing envelopes, and applying stamps.
The current generation of online billing options is more flexible and versatile than ever. Some common elements are generally shared by these online billing products:
Security: These websites use the same security as financial institutions and take similar precautions, such as data storage in multiple physical locations.
Payment plans: Instead of paying a large upfront price, as one would for desktop software, you pay a month-to-month amount, with no long-term contract. Most services offer 30 to 60 days free or a 30-day money-back guarantee.
Support: Plans include various degrees of support, usually by email, online forums, and phone support during business hours.
Mobility: Since your data resides online, bookkeeping goes wherever you are -- depending on your plan, you, your accountant, and your employees are free to log in from anywhere, using any modern browser, on any kind of computer or smart phone.
Branding: Your invoices can be branded with your logo and color scheme.
Some of the most poplular range of options for online receivables billing currently on the market. This roundup surveys QuickBooks Online, FreshBooks, AcceptPay, and PayPal, with nods to Outright and Xero.
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