Recurring Billing | Possible Options to Increase Profits

Businesses Can Increase Profits with Recurring Billing

While there are numerous ways for a business to increase their bottom line, one option is with recurring billing and invoicing. Recurring billing allows a company more options for their customers in the way they pay for items or services. In this edition we explore the different ways a business can use recurring billing to retain customers and increase their monthly revenue.

INSTANT ACCEPT TIPS, TRICKS & TOOLS

Recurring Billing and Payments

To create a recurring payment, simply check the “create recurring” box in the transaction process. This will enable the recurring information field where you can set the recurring payment up as needed.

SEND US A REVIEW

If it’s anything below 5 stars contact us so we can work to resolve any issues you may be having.

A New Alternative to the Paycheck Protection Program (PPP)

Although the Paycheck Protection Program (PPP), created by the Small Business Administration under the Cares Act, was successful it came with its own issues. The long-awaited alternative program has come with several delays but has finally been opened. The new lender portal was created by the Federal Reserve’s Main Street Lending Program.

The difference between the PPP by the SBA and the new alternative offered by the Federal Reserve is the PPP is forgivable as long as you follow all of the guidelines and the alternative is not forgivable. The term of the loan was increased from four (4) years to five (5) years but the loan sizes, however, have been reduced from $500k to $250k. The alternative loan has been created for small and mid-sized businesses where the Paycheck Protection Program was created for large and mid-sized businesses.

Each program comes with its own positives and negatives so if you are in the need for financial help for your business click the read more button to start learning a bit more about the alternative. And always remember do your research for what best fits your needs.

Not an Instant Accept customer? Contact us now to find out how we can help you with your small business needs.

NEW FEATURES & ENHANCEMENTS

CUSTOMER PORTAL

Hierarchy > Merchants – Notifications tab – Select and Save Recipients
Hierarchy > Merchants > Users tab – Resend Welcome Email Button

VIRTUAL TERMINAL

Added Switch Account feature for multiple concurrent logins
Hierarchy > Add / edit entities – Billing Info tab – Put label ‘Account Holder Type’ for ACH method

INSTANT ACCEPT SAAS

Improved success and error messages when all 10 invoices of a page are emailed altogether using single Email Invoices button

WHAT’S NEW

Convenience Fee support in Invoices and Sales Receipts (Screenshot)
Ability to Store Multiple CC / ACH Profiles for a Customer

SMALL BUSINESS TIPS & RESOURCES

ACCOUNTING TIPS

What Is Your Small Business Missing?

Do not be part of the one third of businesses that fail. Entrepreneurship can be riddled with hurdles and roadblocks. Do not let them get in the way of making your business successful. Here are few suggestions that may help along the way or even get you started if you are starting up a new business.

BUSINESS TIPS

A Few Things to Consider

Small business owners often find themselves knowing their business but not really knowing how to run their business. Sometimes accepting that things are not exactly perfect can be difficult and overwhelming. Here are some helpful tips to get you going in the right direction to improving your business health and your own piece of mind.