Invoice Payment for Small Businesses
Know who owes you money and who you owe money to at a glance. Save time, improve cashflow and avoid bad debt using electronic payments.
There are several parts to the payment functionality in Powered Now:
Taking payments for sales invoices electronically
Recording other payments on sales invoices
Recording payments made on supplier invoices and expenses
Currently Powered Now supports the following ways of taking payments electronically:
By clicking on a link from the email or invoice your customer can make a Paypal payment at the Paypal web site
Using Paypal Now at the client’s premises using a Paypal chip and pin reader
Using Paypal Here at the client’s premises where the client has a Paypal Here account
Payments can be recorded against both sales invoices and supplier invoices to keep track of the status of these invoices. As well as the electronic payment types above, the following types of payments can be recorded against sales invoices:
Payments made by Card
The following types of payments can be recorded against supplier invoices and expenses:
Payments made by Company Card
Payroll (Expenses only)
Refunds can also be recorded in Powered Now, so when overpayments are made or credits given to clients, invoices are still shown as balanced.
Recording payments against invoices allows Powered Now to automatically calculate CIS amounts and generate the necessary reports to support the Construction Industry Scheme (CIS).
All payment and refund records can be extracted so they can be imported into an accounting system.
Did you know?
We surveyed over 1000 home owners and their preferred method of payment was card or bank transfer. Providing a card facility also means your customers will probably take on a larger / more expensive job as they have the flexibility of paying it back over time.