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Will You Add? - How to Reduce Accounts Receivable Costs by Over 50% with Auto Recurring Billing
Nina Winters Awarded Commission for Quarter Million Dollar Sculpture
What do Clearwater, Florida and New Ipswich, New Hampshire have in common?The undeniably attention worthy sculptor, Nina Winters.The art world’s new and important arrival has been discovered by aesthetic savants for her monumental sculptures.The internationally collected sculptor has just won a 1/4 million dollar commission in the State of Nevada. The project is for a 10 foot high sculpture titled "Exhilaration".I had the pleasure of interviewing Nina and getting personal tours through her studios.This article is the first of three in a series about recent major commissions by the sculptor.When I asked Nina to tell me about this recent commission, she said, “Although this sculpture is basically minimalist, I have paid a great deal of attention to detail. The reach of the hands into the sky reflects my philosophy that man can be and do
Auto Recurring Billing: Variable Amount What do Clearwater, Florida and New Ipswich, New Hampshire have in common?The undeniably attention worthy sculptor, Nina Winters.The art world’s new and important arrival has been discovered by aesthetic savants for her monumental sculptures.The internationally collected sculptor has just won a 1/4 million dollar commission in the State of Nevada. The project is for a 10 foot high sculpture titled "Exhilaration".I had the pleasure of interviewing Nina and getting personal tours through her studios.This article is the first of three in a series about recent major commissions by the sculptor.When I asked Nina to tell me about this recent commission, she said, “Although this sculpture is basically minimalist, I have paid a great deal of attention to detail. The reach of the hands into the sky reflects my philosophy that man can be and do
- Customer data resides in external database that calculates payment due
- Data, including amount due and account information is exported to .csv file.
- .csv file is uploaded to payment processing system as a batch
- Payment processing system processes all transactions in batch
- Report is generated for all successful and unsuccessful transactions
- Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
Discover Unique Products For eBay
eBay product sourcing can quickly become a full time job. Finding the right products for your eBay business can be daunting.Finding the right products involves researching what sells on eBay, finding suppliers for those products, and then negotiating and setting up a relationship with a supplier.If it was easy you would have more eBay sellers crowding the market.The laws of economics dictate the higher the barriers are the less competitors there will be. So those eBay sellers who are diligent at sourcing products will have a natural advantage over other less enthusiastic sellers.While there are millions of eBay sellers, only a small percentage of them actually take the extra step of securing merchandise from hard to find suppliers.The eBay sellers that do secure the merchandise have a big competitive advantage since their merchandise
Auto recurring billing enables businesses to automatically bill customers for balance due without sending invoices or obtaining payment information each any every time money is collected. With recurring billing programs businesses can utilize any electronic payment process including direct-debit ACH transactions and credit/debit card transactions. In addition, when businesses convert legacy payment systems to auto-recurring systems utilizing exclusively ACH direct-debit transactions, they typically reduce processing costs by over 50%.eBay product sourcing can quickly become a full time job. Finding the right products for your eBay business can be daunting.Finding the right products involves researching what sells on eBay, finding suppliers for those products, and then negotiating and setting up a relationship with a supplier.If it was easy you would have more eBay sellers crowding the market.The laws of economics dictate the higher the barriers are the less competitors there will be. So those eBay sellers who are diligent at sourcing products will have a natural advantage over other less enthusiastic sellers.While there are millions of eBay sellers, only a small percentage of them actually take the extra step of securing merchandise from hard to find suppliers.The eBay sellers that do secure the merchandise have a big competitive advantage since their merchandise
Direct Benefits of Auto Recurring Billing for Businesses include:
- Faster payment processing (you get your money faster)
- Elimination of printing, mailing and postage costs
- Elimination of defaults and associated collections activities
- Streamlined data entry and bookkeeping
- Elimination of time consuming trips to the bank
- Normalized cash flow
- 24-48 hour NSF notification
- Improved customer service
- Ability to accept payments funded from credit/debit cards, checking account and savings accounts.
Auto recurring billing systems can be used for both static recurring charges (the same amount each time) or for variable bills. In either case, the recurring billing system saves time and money by obtaining advance authorization from customers to charge their accounts on a regular frequency and by entering customer information into a database system only once. That data is then accessed whenever payments are processed, and the customer record is updated to reflect each payment collected. The two examples below provide the steps involved in auto recurring billing systems that process static and variable recurring charges.
Auto Recurring Billing: Static Amount
- Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
- Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
- Payment processing system automatically generates an email receipt for the customer and copies the vendor.
- Payment Processing System automatically identifies all failed transactions and reconciles with main database.
Auto Recurring Billing: Variable Amount
- Customer data resides in external database that calculates payment due
- Data, including amount due and account information is exported to .csv file.
- .csv file is uploaded to payment processing system as a batch
- Payment processing system processes all transactions in batch
- Report is generated for all successful and unsuccessful transactions
- Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
Total Solutions or Total Disaster
Business relationships need to provide you with the business you need. Whether you use an alliance, a leads group or a Power Team, you need to make sure that you are dealing with someone that is reliable, honest, and ethical. There have been many horror stories with relationships that have gone sour because one person did not live up to their side of the bargain. I worked with a person a few years back that wanted to develop a publishing house. He had the money and I had the expertise. This was great, but I was blind as to the pitfalls. The first thing we did was form a fifty-fifty partnership. He decided that I could be President of the company and he would take up the vice-presidents position. It worked well for a few months until he decided that he did not like the way I was managing the business. Since we were fifty-fifty partners, we were at a stalemate. I could no
ing for Businesses include:Business relationships need to provide you with the business you need. Whether you use an alliance, a leads group or a Power Team, you need to make sure that you are dealing with someone that is reliable, honest, and ethical. There have been many horror stories with relationships that have gone sour because one person did not live up to their side of the bargain. I worked with a person a few years back that wanted to develop a publishing house. He had the money and I had the expertise. This was great, but I was blind as to the pitfalls. The first thing we did was form a fifty-fifty partnership. He decided that I could be President of the company and he would take up the vice-presidents position. It worked well for a few months until he decided that he did not like the way I was managing the business. Since we were fifty-fifty partners, we were at a stalemate. I could no
- Faster payment processing (you get your money faster)
- Elimination of printing, mailing and postage costs
- Elimination of defaults and associated collections activities
- Streamlined data entry and bookkeeping
- Elimination of time consuming trips to the bank
- Normalized cash flow
- 24-48 hour NSF notification
- Improved customer service
- Ability to accept payments funded from credit/debit cards, checking account and savings accounts.
Auto recurring billing systems can be used for both static recurring charges (the same amount each time) or for variable bills. In either case, the recurring billing system saves time and money by obtaining advance authorization from customers to charge their accounts on a regular frequency and by entering customer information into a database system only once. That data is then accessed whenever payments are processed, and the customer record is updated to reflect each payment collected. The two examples below provide the steps involved in auto recurring billing systems that process static and variable recurring charges.
Auto Recurring Billing: Static Amount
- Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
- Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
- Payment processing system automatically generates an email receipt for the customer and copies the vendor.
- Payment Processing System automatically identifies all failed transactions and reconciles with main database.
Auto Recurring Billing: Variable Amount
- Customer data resides in external database that calculates payment due
- Data, including amount due and account information is exported to .csv file.
- .csv file is uploaded to payment processing system as a batch
- Payment processing system processes all transactions in batch
- Report is generated for all successful and unsuccessful transactions
- Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
Medical Billing - GX0 Record Fields 24 Through 27
Medical billing of oxygen claims is not for the mentally challenged. Medical billers should really be paid a lot more money than they are, but that is not the focus of this article. Our focus is to try to make heads or tails out of one of the most complex records in the medical billing industry, which is the GX0 record. In this segment, we resume our discussion of this record with field number 24.GX0 field 24, positions 218 - 225, is the date tests performed. Honestly, this is a very poorly worded field. What tests? Well, you'll have to read the manual to figure this out, but in brief, this is the date that the arterial blood gas and oxygen saturation tests were performed. Under normal conditions, these tests are performed at the same time. But things happen. In the case where you have two different dates, consult with your carrier to find out which date
an be used for both static recurring charges (the same amount each time) or for variable bills. In either case, the recurring billing system saves time and money by obtaining advance authorization from customers to charge their accounts on a regular frequency and by entering customer information into a database system only once. That data is then accessed whenever payments are processed, and the customer record is updated to reflect each payment collected. The two examples below provide the steps involved in auto recurring billing systems that process static and variable recurring charges. Medical billing of oxygen claims is not for the mentally challenged. Medical billers should really be paid a lot more money than they are, but that is not the focus of this article. Our focus is to try to make heads or tails out of one of the most complex records in the medical billing industry, which is the GX0 record. In this segment, we resume our discussion of this record with field number 24.GX0 field 24, positions 218 - 225, is the date tests performed. Honestly, this is a very poorly worded field. What tests? Well, you'll have to read the manual to figure this out, but in brief, this is the date that the arterial blood gas and oxygen saturation tests were performed. Under normal conditions, these tests are performed at the same time. But things happen. In the case where you have two different dates, consult with your carrier to find out which date
Auto Recurring Billing: Static Amount
- Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
- Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
- Payment processing system automatically generates an email receipt for the customer and copies the vendor.
- Payment Processing System automatically identifies all failed transactions and reconciles with main database.
Auto Recurring Billing: Variable Amount
- Customer data resides in external database that calculates payment due
- Data, including amount due and account information is exported to .csv file.
- .csv file is uploaded to payment processing system as a batch
- Payment processing system processes all transactions in batch
- Report is generated for all successful and unsuccessful transactions
- Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
Collection of Delhi Manufacturers Part - IV
We were talking about the difference between advertisements through other sources and advertisements with delhi manufacturers. Actually advertisements is advertisements whether it is online or offline. Promotion through T.V and newspaper takes more money then such type of listing which some websites provides. Not at all, in newspaper and T.V there is no surety that every person is watching t.v while the ads is running. Same case go with newspaper. This is not confirm that every person reads classified while reading newspaper. Even many people does not read paper regularly.But in case of online listing user enter the required item in search engine and browse top 10 to 20 sites and this is the rare case. Generally people browse only that sites that contains the item name in the url. Now a days what a user do is start the pc (personal computer) search sites web sites
es. We were talking about the difference between advertisements through other sources and advertisements with delhi manufacturers. Actually advertisements is advertisements whether it is online or offline. Promotion through T.V and newspaper takes more money then such type of listing which some websites provides. Not at all, in newspaper and T.V there is no surety that every person is watching t.v while the ads is running. Same case go with newspaper. This is not confirm that every person reads classified while reading newspaper. Even many people does not read paper regularly.But in case of online listing user enter the required item in search engine and browse top 10 to 20 sites and this is the rare case. Generally people browse only that sites that contains the item name in the url. Now a days what a user do is start the pc (personal computer) search sites web sites
Auto Recurring Billing: Static Amount
- Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
- Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
- Payment processing system automatically generates an email receipt for the customer and copies the vendor.
- Payment Processing System automatically identifies all failed transactions and reconciles with main database.
Auto Recurring Billing: Variable Amount
- Customer data resides in external database that calculates payment due
- Data, including amount due and account information is exported to .csv file.
- .csv file is uploaded to payment processing system as a batch
- Payment processing system processes all transactions in batch
- Report is generated for all successful and unsuccessful transactions
- Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
7 Cost-Effective Marketing Tips
Companies often seek cost-effective, high-return marketing strategies. They may be as close as your wallet or the business next door. Below are seven easy to apply strategies for virtually any business.1. Business cardsBusiness cards are often one of the most underutilized tools in marketing. Use the front and back of your business card to gain full benefit. You can put valuable information on the back such as a sports schedule, emergency numbers, or special dates people want to remember.Creatively distribute your card. When you eat out, leave one with the tip. If you borrow a library book, use one as a bookmark. Hand them to clerks in stores who may know other people who could use your product or service.2. Send a pictureA great way to keep your name fresh in a customer’s mind is to send them a picture of when they purchased a product
Auto Recurring Billing: Variable Amount Companies often seek cost-effective, high-return marketing strategies. They may be as close as your wallet or the business next door. Below are seven easy to apply strategies for virtually any business.1. Business cardsBusiness cards are often one of the most underutilized tools in marketing. Use the front and back of your business card to gain full benefit. You can put valuable information on the back such as a sports schedule, emergency numbers, or special dates people want to remember.Creatively distribute your card. When you eat out, leave one with the tip. If you borrow a library book, use one as a bookmark. Hand them to clerks in stores who may know other people who could use your product or service.2. Send a pictureA great way to keep your name fresh in a customer’s mind is to send them a picture of when they purchased a product
- Customer data resides in external database that calculates payment due
- Data, including amount due and account information is exported to .csv file.
- .csv file is uploaded to payment processing system as a batch
- Payment processing system processes all transactions in batch
- Report is generated for all successful and unsuccessful transactions
- Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
Why Your Customers Want Auto Recurring Billing
Auto recurring billing is not only a time and money saver for businesses, but for consumers as well. In fact, many consumers are demanding it from the companies with which they do business—and if you don’t offer it, your customers may select a competitor who does.
NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
Direct Benefits of Auto Recurring Billing for Customers include:
- Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
- Late payment fees are eliminated
- Time and expense of writing and mailing checks is eliminated
- Customers can keep electronic records of all invoices and receipts
- Electronic payments are more secure than paper checks
How to Implement an Auto Recurring Billing Program
Implementing an auto recurring billing program is simple.
If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.
- Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
- Implement the auto recurring billing function in your payment processing program (note that some companies require an additional charge for this function.) This is best for static payments.
If you don’t already accept electronic payments, you will need to subscribe to this type of service. The simplest way to do this to find a service that will enable you to perform ACH transactions using your current business bank account. This system will enable you to set-up an auto recurring billing program for your customers w
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