Imagine that you own a small business like a grocery shop. There you might have to send invoices to customers as well as receive invoices from suppliers.
Following are the challenges that you may face while sending an invoice:
- Managing all invoices manually by yourself is hectic, and most of you might not be able to afford an accounting assistant.
- Moreover, manual invoice processing may include errors which can negatively affect your cash flow.
- There are also chances for your invoices to be lost while in transit.
You may also face a number of issues while making invoice payments to your suppliers:
- Traditional payment methods may not allow you to make payments at the right time.
- Lack of timely payments can affect your relationship with your suppliers. Traditional payment options charge you more and offer less convenience.
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Zil Money is a fast-growing financial platform from where you can find solutions for almost all your business concerns. The platform allows you to easily create and send your invoices online to your customers. This allows you to eliminate manual effort and subsequent errors. The platform offers a secure solution with which you can send invoices stress-free.
You can also make your invoice payments to your suppliers effectively with Zil Money. The platform offers you multiple online invoice payment options, such as ACH, wire, check, credit card, and more, with which you can pay your suppliers.
Let’s have a clear idea of how you can create and transmit an invoice using the platform, as well as, how you can request payments from your customers to whom you have sent your invoices. The blog also gives you information on the ways with which you can pay your invoices.
Invoice Management
Basically, an invoice is a document containing details of a purchase that is sent by a seller to a buyer. It usually includes the details like transaction date, items purchased, quantities, amount, taxes applicable, etc.
As far as a grocery shop is concerned, the shopkeeper gives an invoice to the customer listing all the items purchased. This helps the customer to keep track of their purchases and, at the same time, helps the shop maintain accurate sales records.
The shopkeeper receives an invoice from a supplier along with the delivery. This helps them to verify whether the correct items are received before proceeding to payment.
Effectively managing your invoices is important for an improved cash flow. Small business can improve their productivity by handing over invoice management to trustable platforms like Zil Money and focusing more on other important areas.
Businesses can generate and send invoices easily via Zil Money. The platform offers an easier, faster, and more flexible way to collect payments.
You can easily create an invoice by following these steps:
- Click on the Receivables option on the side panel, and from there, you can choose the invoice option.
- Select the new option on the left-hand side to create a new invoice.
- Fill in the dialog box that pops up with your invoice details.
- You can also add attachments if necessary.
- After the data entry, you can send your invoice via either mail or email.
- The save option is also available.
- The option to import invoices from a third party is also available on the platform, which helps you eliminate manual data entry.
Request Payments
Zil Money allows you to easily request money from your customers. All you have to do is simply select the payee and add the invoice number and memo.
Your payee can easily send you the requested amount. You can also decide whether the payee can edit the amount or memo.
After requesting you can easily track them from the platform. Another option for requesting payments is by sending payment links.
Payment Links
64% of US consumers prefer online grocery shopping, and 29% of Americans place orders for groceries every week. So, providing them an option for paying money online is important.
Payment links are one of the fastest and easiest ways to collect payments from your customers. These are crucial for small business owners as they provide a simple and effective means to gather payments.
With Zil Money, you can easily collect payments from your customers by providing them with a payment link. The platform allows you to create payment links and send them to your payers via email or SMS.
If you have received your payments as checks, it is easy for you to handle them if you have a subscription to Zil Money. The platform lets you print checks on blank stock papers.
Ways in Which You Can Pay Your Invoices
As a grocery business owner, you might have to make invoice payments to your suppliers. Zil Money offers you multiple payment options with which you can pay. Some of them are listed below:
ACH: With Zil Money, you can make ACH payments safely without any extra effort. These are payments guided by NACHA, in which the cloud-based platform is an official member. So, making ACH payments via the platform is easy and affordable.
Check Mail: Mailing your checks via Zil Money is completely stress-free. The platform does the entire mailing process on your behalf. All you have to do is enter the payment details; the platform will print, label, and envelop your checks and send them via USPS/FedEx.
eChecks: These are digital versions of traditional checks and can be sent as one-time printable PDFs using the cloud-based platform. You can send eChecks via either email or SMS using the platform.
Credit Card: Zil Money allows you to make credit card payments even if your suppliers do not accept them. The platform allows you to make card payments, and at the same time, it allows your suppliers to receive your card payments via other methods. This allows you to enjoy your credit card rewards, and at the same time, your supplier can avoid transaction fees.
Other Services Offered by Zil Money
- Zil Money is the best platform for handling all your business payment operations.
- Zil Money’s integration with over 22,000 banks and financial institutions helps you connect your multiple bank accounts, and it also helps you prevent check fraud.
- Positive pay is another fraud prevention method on the platform that guarantees the safe handling of your checks.
- Efficient payroll management is another key highlight.
Your Ultimate Financial Solution
- Zil Money is an all-in-one platform that offers solutions to all your financial concerns.
- The online invoice payment feature available on the platform allows you to make invoice payments via multiple methods.
- ACH, wire, checks, and payment links are some of the payment options available on the platform.
- You can also create your invoice using the platform.
- Kindly visit the official website of Zil Money for any further details.
