Today, most businesses use third-party payment gateways to make major savings in processing fees. However, sometimes the payments are not automatically reconciled or connected back to invoices in QuickBooks or any other accounting software that you use. This may further require plenty of manual reconciliation and may also result in human errors, making it critical to get a certified payment integration solution.
By integrating payment technology into the software you use to operate or run your business, you will be able to streamline all your operations efficiently. Not only that, but integrated payments offer higher accuracy and enable you to save time, as you do not have to enter transactions on different platforms manually. Reconciliation and reporting become extremely easy with all the transactions carried out in one place. All in all, integrated payments help to smoothly operate accounting, relationship management, and payment processing together.
What Are the Benefits of Having Integrated Payments?
If you decide to use an integrated payments system for your business, here are a few benefits that you can enjoy:
Integrated payments enable you to entirely eliminate the scope of human error, which means no more calculation mistakes, no more redundant entries, and no more misplaced invoices. Fewer errors would also mean fewer losses, further leading to more savings.
Saves You Money
Savings is one of the essential advantages of integrated payments. You do not need to dedicate several hours a day to track, monitor, or report transactions within your payment settings. Everything takes place automatically without you having to get involved.
With integrated payments, you can explore new opportunities that may otherwise not be visible. Perhaps an occasional buyer may likely become your most profitable client, or one of your best sellers might cost you more money than you ever thought. With the help of this information, you can enhance or scale up your marketing strategies accordingly.
When you do not have an integrated payment system, every operation, including accounting, processing, and marketing, needs to be conducted separately. This may require you to have plenty of energy to determine where and why your money is being spent. However, having a reliable and efficient integrated payment system will help you to run all the operations in one place and get more insight into your finances.
Simplified Tax Preparation
An efficiently integrated payments system will eliminate the need to track down stored faded receipts or old invoices in shoe boxes. This means all accounting becomes automatic, and all reporting becomes centralized. And when tax time arrives, you will have a handy record of every dollar that goes in and out of your business.
Why Do You Need QuickBooks for Your Business?
For both mid and small-sized businesses, QuickBooks is a great platform to run operations. It keeps track of your inventory, sales, and other tax-related information. QuickBooks is a user-friendly software that has different measures in place to ensure you are correctly following Generally Accepted Accounting Principles, also known as GAAP.
Furthermore, QuickBooks offers a range of ready-to-use and pre-made templates that enable business owners to generate spreadsheets, invoices, and charts quickly. The software also allows you to modify these templates by inserting more details about your company and its logos. This further makes the process of handling your accounts receivable and creating invoices much more manageable.
Integrate Your Payment Gateway to QuickBooks with Chargezoom
Chargezoom integrates with some of the most popular payment gateways in the United States. Being the only certified payment integration solution, Chargezoom enables you to connect QuickBooks Online or QuickBooks Desktop to a reliable payment gateway like PayTrace. Additionally, Chargezoom allows you to perform an electronic check or a credit card transaction, and then in real-time, apply for the payment back to QuickBooks automatically.
Chargezoom also helps you deliver invoices with a payment connection via email, enabling your clients to pay their own invoices. It even boasts features like subscription management and recurring billing, which allows you to manage and create various recurring billing options, such as discounts, trials, fixed prices, one-time charges, quantity-based, setup fees, and more. So no matter how simple or complex your payment processing situation, Chargezoom has got you covered!
If you are looking for a reliable solution that helps you accept and process payments from customers anywhere via an intuitive interface, Chargezoom is the right choice for you. It automatically reconciles customer records and all invoices on a single dashboard with two way syncing. To get detailed information, you can visit their website or contact them.