DI EEE NINA INS ER, onANN IN f SS leras oN SSNS CC a BN AN RN BARON NSNENES NAN SONS \S a No anah SINE RENE \ Simplified Billing Process Helps Businesses Get Paid Faster (NAPSA)—“The check is in the mail” is a phrase that may scon be phased out by a process that allows invoices to he e-mailed to customers. QickBooks online billing is a new capability offered in Intuit’s QuickBooks 2001 financial software. As a consumer, you may soon receive invoices via e-mail from your gardener, accountant, eontraector or day care provider, and it may be easier for you to pay these invoices by clicking on a link and authorizing payment. No more paperwork and no more big pile of bills waiting for you at the end of the month. For a local business, it’s a godsend. There is far less paperwerk and the business could get paid faster because there is no waitingfor that check in the mail. According to Intuit, some businesses have cut the amount of time it took to get paid to an hour! The average srnall business spends a substantial arnoant of time and effort manually billing customers and collecting payments. This can require printing multiple invoices, typing coverletters, addressing envelopes, affixing postage and dropping the invoices oif at the past office. A recent study by Intuit, a leader in e-finance and financial software, shows that on average 94 percent of smail business customers still use the mail to manage their invoicing. Intuit’s study also showed the average customer sends almost 7006 invoices each year. If businesses could save even five minutes on each invoice by sending it via e-mail and enabling online payments, the resull would be a savings toe the business of approximately 58 hours of time each year. Sending inveices via e-mail and enabling online payments would be a savings of about 58 hours of time each yaar. QuickBooks Online Billing enables small businesses to e-mail professionai looking electronic invoices directly to customers from within QuickBooks 2001, Intuit’s newest version of their number one selling financial managernent software. Through a relationship with PayPal users can payment-enable invoices sent by e-mail, giving customers the option toa pay with a eredit card or transfer funds directly from their bank account. Once the payment is made, it can be automatically downloaded and recorded in QuickBooks. In addition, those whe use QuickBooks for the Weh, Intuit’s online accounting service, can also take advantage of this service, QuickBooks 2001 is an easy-touse accounting and financial management solution for product or service-based small businesses with simple to sophisticated needs. More infermation i available by visiting www.quickbooks.com.
