Starting a new business? Get 40% off our accountancy services for 3 months! 😎

x

You’ve done the work, completed the project, provided the goods, and now you’re ready to invoice your client… so how do you want your customer to pay you? This is largely up to you, but it’s useful to think about what’s convenient for your clients, too. After all, the easier it is for them to pay their invoices, the better your chances of getting the money in sooner – which is good news for your cash flow!
 

Payment options for small businesses

Is it better to offer more payment options?

What to consider before offering different ways to pay

Which payment options are best?

There are countless payment methods that you can include as an option on client invoices, such as:

Ensuring your clients can use their preferred method to pay you certainly has its advantages. Making it as simple for someone to send an invoice payment means they’re less likely to put it off, reducing the time and effort you put might otherwise need to put into chasing overdue invoices. Other positives can include:

Some payment handling platforms charge a subscription, so having a wider array of these might prove more expensive than necessary – especially if they’re only used occasionally. Lots of payment options can also result in needing to spend more time collating payment information into your bookkeeping. Offering tons of options for the sake of it might not necessarily be the best approach in that case.

It’s also important to keep your payment process as streamlined as possible. A daunting array of choice can put some people off – leading to those delays we want to avoid.
 

Free bookkeeping software

Included in all our accountancy packages

Learn more

Again, this depends on what you and your customers are comfortable with, but there may be other considerations too – such as the industry that you work in, or the kind of projects you’ll be involved with. For example, you might ask your client for:

Learn more about our online accounting services for businesses. Call 020 3355 4047 to chat to the team, and get an instant online quote.

About The Author

Beth-Anne Bruce

I'm an experienced and fully AAT and ACCA qualified accountant, who is enthusiastic about helping business owners succeed. I also love cooking and needlepoint (at different times!). Learn more about Beth.

More posts by this author
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

What is a Non-Established Taxable Person for VAT?

There are special VAT rules in place for online sellers who are classed as non-established taxable persons (NETPs), and use an online…

Read More

The Accountancy Partnership – Our Positive Reviews

Here at The Accountancy Partnership, we’re proud of our customer reviews The reviews we receive from our customers show how hard we…

Read More

What Type of Legal Structure Should I Choose When I Start a Business?

The structure that you choose when you start a business affects how the business operates, the amount of tax you pay, how…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
I want you to do my bookkeeping

Call us on 020 3355 4047 if you’re not sure.