In the legal and professional services industry, managing accounts receivable (AR) can be especially challenging. With high client volumes, extended billing cycles, and a need for professionalism in every interaction, chasing overdue payments can strain your resources. QuickBooks Desktop (QBD) and QuickBooks Online (QBO) offer solid tools for invoicing and tracking payments, but they often lack the automation and advanced AR features required by firms in the legal and professional services sectors.
AR Collect is the perfect solution to elevate your accounts receivable process. This powerful tool integrates seamlessly with QuickBooks, enabling you to streamline collections, send automated reminders, and track unpaid invoices without manual intervention. In this blog post, we’ll address common questions asked by legal and professional services firms about managing AR and show you how AR Collect can help optimize your workflow, improve cash flow, and reduce overdue accounts.
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- How Do I Collect Overdue Invoices Without Manually Tracking Them in QuickBooks?
For legal and professional services firms, manually tracking overdue invoices can be time-consuming and inefficient. QuickBooks provides basic AR tracking but doesn’t offer a way to automate follow-ups, which can be a huge disadvantage if you’re managing multiple clients with different billing schedules.
AR Collect automates the entire process, helping you collect overdue invoices without having to manually track each one. With AR Collect’s integration with QuickBooks, you can:
- Set up automated payment reminders based on due dates.
- Customize follow-up schedules that ensure timely reminders without manual intervention.
- Get real-time updates on payment statuses, making it easy to stay informed on overdue accounts.
With AR Collect, you can focus on your core services while knowing that your collections are being handled efficiently and professionally.
Benefits of automated tracking with AR Collect:
- No more manual tracking of overdue invoices.
- Customizable reminders tailored to your firm’s needs.
- Real-time status updates for quick insights into outstanding invoices.
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- How to Send Payment Reminders to Customers in QuickBooks Desktop?
QuickBooks Desktop allows you to manually send payment reminders, but this can be a time-consuming task if you have a large client base. For legal and professional services firms, it’s essential to maintain a professional tone and ensure timely reminders without overwhelming your team.
AR Collect automates the reminder process, enabling you to send payment reminders directly from your QuickBooks Desktop account without manual effort. You can schedule reminders at regular intervals, ensuring that clients receive gentle nudges to make payments on time.
How AR Collect streamlines reminders for QuickBooks Desktop users:
- Automatically sends reminders based on invoice due dates.
- Allows customization of reminder templates to maintain a professional tone.
- Reduces the manual effort required for sending individual reminders.
With AR Collect, you can maintain consistent follow-ups while saving valuable time for your team, helping you focus more on providing exceptional service to your clients.
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- Can I Recover Overdue Payments Faster with AR Collect and QuickBooks?
Recovering overdue payments is a common challenge in the legal and professional services industry, where payment terms often extend over longer periods. QuickBooks alone doesn’t provide the automation needed to speed up collections effectively, but AR Collect bridges this gap.
With AR Collect, you can recover overdue payments faster by:
- Setting up automated, escalating reminders that encourage clients to pay promptly.
- Categorizing clients by payment behavior, allowing you to prioritize high-risk accounts and follow up more frequently.
- Enabling clients to make payments online, making it convenient for them to settle their invoices.
The result is a smoother collections process that not only reduces the time it takes to recover payments but also helps improve your firm’s cash flow.
Benefits of faster collections with AR Collect:
- Automated, escalating reminders for efficient follow-up.
- Client categorization to prioritize high-risk accounts.
- Online payment options for quick and easy transactions.
By integrating AR Collect with QuickBooks, you can reduce the number of overdue invoices and maintain a healthier cash flow for your firm.
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- What’s the Best QuickBooks Add-On for Managing Accounts Receivable?
When it comes to managing accounts receivable for legal and professional services, AR Collect is the top add-on for QuickBooks Desktop (QBD) and QuickBooks Online (QBO). While QuickBooks provides a solid foundation for managing finances, AR Collect enhances it with specialized features that streamline the AR process, automate collections, and improve client follow-up.
Here’s why AR Collect is the best QuickBooks add-on for managing accounts receivable:
- Full Automation: Automates reminders, follow-ups, and collections without manual intervention.
- Customizable Workflow: Allows you to tailor follow-up schedules, reminder templates, and escalation levels to suit your clients and firm’s needs.
- Real-Time Tracking and Reporting: Provides an at-a-glance view of outstanding invoices, making it easy to manage high volumes of accounts.
With AR Collect, legal and professional services firms can optimize their AR process, maintain professionalism, and reduce the time and effort spent on collections. This powerful add-on is designed to meet the unique needs of firms that handle high-value clients and require efficient, reliable AR management.
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Conclusion
For legal and professional services firms, effective accounts receivable management is essential to maintain healthy cash flow and ensure smooth operations. QuickBooks provides a solid base, but with AR Collect, you gain the automation, customization, and real-time tracking needed to take your collections process to the next level.
By integrating AR Collect with QuickBooks Desktop (QBD) or QuickBooks Online (QBO), your firm can reduce overdue accounts, recover payments faster, and save time that can be better spent on serving your clients. Whether you’re looking to automate late payment reminders, track overdue invoices, or prioritize high-risk accounts, AR Collect offers the tools you need to optimize your AR workflow and keep your firm financially secure.
Ready to simplify your accounts receivable process and improve cash flow?
Get your Free trial Today:
- [email protected]
http://appcenter.intuit.com/arc
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