Intuit’s check solution for QuickBooks saves time
With the popularity of online bill pay, and credit or debit cards, checks are on the decline, but there are still many customers (especially commercial/corporate) who use them – and that can mean multiple trips to the bank every week to deposit them. If your clients wait until they have several before making their bank run, they could slow down their cash flow.
Intuit’s Check Solution for QuickBooks® may be just the solution! They can accept check payments over the phone when they arrive in their office. Payments are deposited into an account anywhere from 1 to 4 days, depending on time of day, day of week, and holidays. Most times my checks are in my account by the next day.
Here are several benefits:
Faster payments. Since clients can accept check payments over the phone, they don’ t need to wait for the check to come via snail mail.
Decreased risk of fraud. The more people that handle a paper check, the more likely financial fraud is, so this cuts down on the number of handlers.
Lower fees. While there are fees associated with accepting e-checks, the fee per check is a very low flat rate, instead of a percent of the amount as with credit cards.
When clients accept payment over the phone, have them go to receive payments in QuickBooks and enter the customer and amount as usual.
- Payment method is E-Check.
- Check the box at the bottom of the screen next to Process E-Check payment when saving, and save the payment record.
- They will be prompted to enter the routing and account information from the check; QuickBooks will lead you through the necessary steps.
Check out Intuit’s Check Solution for QuickBooks® today.