Intuit, a developer of financial management and tax preparation solutions for personal finance and small business accounting, has one paramount goal in mind with its latest offering – to help small businesses get paid faster with the reimagined QuickBooks Payments.
Available now, the new optional features offer what Intuit calls a “simplified, paperless” way to get paid. And that’s never been a more pressing objective to America’s small businesses. In fact, in Bank of America’s latest “Small Business Owner’s Report,” 45 percent of those surveyed said not getting paid on time was their biggest cash flow challenge.
The freshly revamped QuickBooks Payments is part of the new QuickBooks Online application.
Business owners can choose to simply turn on the feature and, in most cases, start accepting payments the same day through online and mobile apps.
“As part of the expanding QuickBooks ecosystem of online products and services, QuickBooks Online users who also use QuickBooks Payments get their invoices paid on average two times faster than those who don’t,” a statement from Intuit provided to MMW reads. “When these small businesses email their invoices and allow their customers to pay online, they significantly reduce the time it takes to receive payment.”