Small businesses get paid faster with QuickBooks payments

MOUNTAIN VIEW, USA: Intuit Inc. is helping small businesses get paid faster with the reimagined QuickBooks Payments. Available today, the new optional features offer a simplified, paperless way to get paid.

Designed to expedite the entire payment process, the QuickBooks Payments application reduces the time between sending invoices and putting money in the bank.

As a leader in small business payments for more than a decade, Intuit knows that for small businesses getting paid is more than just cashing a check; it's a matter of business success or failure. In Bank of America's "Small Business Owner's Report," 45 percent of those surveyed said not getting paid on time was their biggest cash flow challenge.

The process for collecting payments from customers can be complicated. The multi-step process can be cumbersome, from sending invoices to receiving payments and updating accounting. With its new and improved payment features, QuickBooks Online streamlines and accelerates the entire process, enabling small business owners to instantaneously email invoices, get paid online and accept a credit card while outside the office.

Three Easy Steps to Get Paid Faster

QuickBooks Payments reduces the payments process to three simple steps. It speeds the payment process by allowing small businesses to:

• Send electronic invoices: Email invoices from QuickBooks Online and allow customers to make online credit card and bank payments instantly.

• Receive payments: Accept both bank payments and all major credit cards, including Visa, MasterCard, Discover and American Express.

• Auto-update books: Update invoices and books automatically when the invoice is paid; reduces mistakes, work and worry for the business.

"Getting paid quickly is the bottom line for small businesses. A week or two can make a difference in making payroll or purchasing supplies," said David Kirven, vice president of marketing for Intuit Payments, Small Business Financial Solutions.

The QuickBooks Payments is part of the new QuickBooks Online application and offers two, straightforward pricing plans. Small businesses choose pay-as-you-go plan, paying only per transaction, or they can select a monthly plan with lower transaction rates for $19.95 a month.