Getting Paid: How To Request Payment – EP 011

The 2 Cents Business Podcast

The 2 Cents Business Podcast with Joyce M. Washington, CPA:

Money isn’t the easiest topic to talk about, especially when there’s misinformation and a bunch of jargon to contend with.

That’s why I created the 2 Cents Business Podcast to bust money myths and cover business money topics like budgeting, business planning, business growth, cloud bookkeeping, team building and profitability without all of the bookkeeping and accounting jargon.

Join me every Monday to dive into the money & metrics matters for business owners & entrepreneurs.

Requesting payment for outstanding invoices doesn’t have to be a manual affair. Chasing invoice payments isn’t fun…especially if it leaves you stuck in your inbox when you’d rather be following your purpose and providing extraordinary services to your clients.

Once you have all of the tech stack pieces in place, this is actually something that you can easily automate.

In this episode, I’m going to walk you through what you can do today to start automating your payment requests so that you don’t have to babysit your invoices and your inbox.

Mentioned in this episode:

What you can do today to automate the payment request process
What you can do going forward, like setting boundaries, establishing rules for your business and outlining consequences for nonpayment
How you can automate the process with accounting software likeXero or business management software likeDubsado
My everything checklist to help you keep all of your money matters straight so that you don’t forget anything –Money Matters Checklist

Highlights of this episode:

01:21 Summary of the Question: “How can I invoice and get paid timely, instead of spending all of my time chasing payments?”
01:59 Two levels of recommendation – one for now/short-term and another for long-term
02:34 How and when to send manual invoice/payment reminders
03:09 Sending request for payment through systems like Paypal, Stripe, Freshbooks, Xero and Quickbooks Online
04:04 Payment alternatives: timing, requiring a deposit, etc
05:33 How to automate invoices/payment reminders with accounting software
06:59 How to automate with business management tools like Dubsado

_________________

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

_________________

Thanks for listening. Don’t miss an episode – subscribe on: Anchor, iTunes, Spotify, Stitcher

Want to chat and hangout with me, Joyce? You can find me onFacebook,Instagram orTwitter…as @thecommoncents.

You can find all the links and additional show notes at: https://www.thecommoncents.com/podcast

011 – Getting Paid: How To Request Payment

Once you have all of the tech stack pieces in place, this is actually something that you can easily automate.

In this episode, I’m going to walk you through what you can do today to start automating your payment requests so that you don’t have to babysit your invoices and your inbox.

Mentioned in today’s episode:

What you can do today to automate the payment request process
What you can do going forward, like setting boundaries, establishing rules for your business and outlining consequences for nonpayment
How you can automate the process with accounting software like Xero or business management software like Dubsado
My everything checklist to help you keep all of your money matters straight so that you don’t forget anything – Money Matters Checklist

Remember, this is an open discussion. I want to hear from you so if you have a question that you’d like me to answer on an upcoming episode, send an email to [email protected]. (No worries, you can remain anonymous, if you like.)

Also, if you’re hanging out on social media, you can find me on Facebook, Instagram or Twitter…as @thecommoncents.

Until next time! ~Joyce

Getting Paid: How To Request Payment – EP 011

Pin It on Pinterest