The first lesson every small business owner learns once they open their doors is that you need to get used to getting paid a little irregularly.
Back when I held a "regular job", I took it for granted that my paycheck would get direct deposited into my bank account every Friday. Since starting my own business, I have had to become accustomed to the feast-and-famine scenario of running a small business.
American Express has launched a new online service that is designed to help small businesses expedite their payment cycle and put all of their billing information in one central location. Many small businesses run their invoicing and payment operations through a combination of applications -- Excel, Quickbooks, PayPal, Merchant Processor, and more. The new AcceptPay application released by Open for American Express seeks to streamline the entire process by processing the accounts receivable cycle from invoicing through payment.
AcceptPay lets you electronically invoice customers and accept online payments all in one place. Customers have the choice to remit payment through all major credit cards, eCheck or ACH. The funds are automatically deposited into your bank account helping you maximize your cash flow. You can even sync up the information with your Quickbooks application to make bookkeeping a little easier!
Learn more here.
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