Streamline Cash Flow with Invoice Automation for QuickBooks
Focused Approach to Cash Flow If you are a staffing company owner or an accountant, a bookkeeper or a CPA in the United States, you will also be aware of the complexities of getting paid on time by customers/clients. It is the prerogative of customers to pay or refuse to pay a defective bill or delay payment until an accurate tax invoice is presented to the payer. In short, an invoice replete with errors is an incentive for the payer to delay payment and use your money as a short-term interest free loan. Streamlining cash flow is nothing but a business having enough cash to meet all planned expenditures on time and invest as per the business objectives. Why do some businesses experience more hurdles in optimizing cash flow than others? The simplest answer is that they haven’t automated the A/R (account receivables) and still depend on age-old practices that require the attention of an accountant who not only prepares invoices but also takes the trouble to follow up with customers to ensure that payments are received in time. Manual Methods – Draw Back The manual method of staffing companies to achieve targeted cash flow may have worked in the past, but nowadays, due to the complexities, running a staffing company without AR automation can be extremely painful – especially the preparation of invoices that involve multiple contractors located across many states in the US. Though accounting software such as QuickBooks with more than 70% of the share for accounting software is an excellent tool, the fact remains that they do not fully meet the exacting special needs of the staff business genre. To fill the void in QuickBooks in the context of a staffing company, software solution providers like Atkku LLC, US offer add-on solutions exclusively made for staffing companies. What makes Atkku’s CONSULT® a big draw for the staffing industry segment is its rich features and the