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Author: Priya

  • Understanding Healthcare Payment Processing for Your Medical Practice

    Understanding Healthcare Payment Processing for Your Medical Practice

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    Priya
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    If you own a small medical practice, it’s important to understand the different types of healthcare payments you can receive from your patients. This will help you budget and plan for your business. Learn the basics of what every physician should know about healthcare payment processing. In this article, we’ll cover: What is Healthcare Credit…

  • What is Field Service Management? The Ultimate Guide to Understanding Field Services

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    For most organizations, managing a team of service technicians is complicated. To keep track of unpredictable changes that occur on the field, you’ll need a significant amount of time and precision. Regardless of how meticulously managed a field service team might be, miscommunication, delays, and other human errors are bound to arise. Though, due to…

  • Purchase Order vs Invoice: Understanding the Key Differences

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    Purchase orders and invoices might seem similar, but they are two vastly different documents with separate uses. A purchase order is used by a person who sells, and an invoice is used by a customer requesting a payment. What is the Difference Between a Purchase Order and an Invoice?  Both financially important instruments, a purchase…

  • The Future of Digital Payments: New Methods, Technology, and Trends in 2022

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    The pandemic disrupted the payments industry, shifting the world away from cash and pushing it towards contactless payments. This is an exciting time for the payments industry and the future of global quick, easy, affordable, and reliable payments. In this article, we will discuss our predictions for the future of digital payments in 2022, including…

  • 20 Best Silent Auction Ideas: Complete List of Items

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    Silent auctions are a common fundraising event for all types of nonprofit organizations. Successful silent auctions can be held either virtually or in person. One of the great things about silent auctions is that they put very little pressure on the participants, while quietly raising the bottom line for your fundraising event. In this article,…

  • Invoice Reconciliation: How to Reconcile Invoices

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    Before we discuss how to reconcile invoices, it’s important to have a clear understanding of what invoice reconciliation is. So, what is billing reconciliation? And what is invoice reconciliation? Let’s dive in. What is Invoice Reconciliation? Invoice reconciliation and billing reconciliation refer to two sides of the same process. Before we continue, check out this article…

  • Invoice Payment Terms: Definition, Examples, and How to Use them

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    There are a handful of invoice payment terms to familiarize yourself with when starting a business. Understanding them will limit confusion with customers and contractors. This article will give you an overview of different terms including net 30 payments, upfront payments, payment in advance, and cash on delivery. What are Payment Terms on an Invoice?…

  • Guide to Surcharging: Everything you Need to Know

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    Surcharging can be a great way for stores to recover costs associated with accepting credit cards, but it’s often not well-understood by customers and can be confusing. Don’t implement surcharging without understanding what it is. As a business owner, there are plenty of decisions that you have to make to run your business seamlessly. Among…

  • B2B Payments: The Complete Business Guide for 2022

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    Customer payments have seen a drastic change over the past few decades. There are now hundreds of ways for a customer to pay businesses for their services or goods. Technology has made the world an easier place for everyone, including payment networks. Paper checks and bank transactions are now less common, replaced by electronic transactions…

  • Progress Billing: How to Implement Progress Invoicing

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    As a small business owner involved with several time-sensitive projects, you’re probably concerned about having enough cash flow to cover your overhead costs. Progress invoicing allows you to get the job done. To implement progress payments through online invoicing, there are some things you should be aware of.  What is Progress Billing? Progress billing is…