Easy credit control tip for Xero
The current rate of inflation and cost of living crisis is only going to increase the importance of credit control procedures for your business.
Automated invoice reminders on Xero are a great way to keep on top of outstanding payments, and save yourself time in the process.
You can automatically send customers an email when an invoice is either due or overdue.
With the ability to send up to 5 reminders, you can stage these over a set period based on your payment terms.
A great way to improve cash flow is to reduce how quickly you get paid.
This is a great, and easy, tool to use to help with that.