Want to be Rich? This is How Better Bookkeeping Can Help!

Hi Mark Kohler here with a two minute tax and legal tip. I'd like to talk about how a good bookkeeping system can help you collect a lot more of your accounts receivable. Now this is where QuickBooks becomes a huge resource for the small business owner and I love it. There are so many amazing features in QuickBooks to help you collect more accounts receivable. Number one is the invoicing system. Make sure that you've created a professional looking invoice and that you're able to deliver it via email. This saves you mailing costs, gets the invoice quicker to your customer, looks professional and is an amazingly simple way for your customer to get the bill. Number two, make sure that you're able to collect payment via electronically and email. This is again another way for you to collect accounts receivable faster. Make it easy on your customer to pay you. Number three Monthly statements. This is another wonderful feature where you can choose the frequency and the type of monthly statement your customers are going to receive. Program it, make sure it's printed out and delivered again via email or mail sometimes both is very efficient. And finally, make sure you're using the reports feature inside QuickBooks in the customer center. There are so many different types of reports you can do Track the aging of certain accounts receivable, which ones are out so far, how so few? I mean it's huge and the ability to click on them quickly, generate statements and invoices and get them right out to your customers. These four features and many others in the customer area will help you immensely in making more money and collecting that accounts receivable. Good luck and fall in love in QuickBooks. If you thought that information was amazing and helpful, I have so much more to share with you. Please look at the links below and head to my website markjkohler.com you can subscribe to my weekly newsletter. Check out my weekly radio show. I have my online videos for tax and legal strategies that will save you thousands ways to learn QuickBooks with my fun videos online and also if you enjoyed it, please leave a comment and give it a like and follow me on YouTube. I promise that these videos will change your life. Thanks so much.