The Buzz

Boost Your Clients' Cash Flow with Pre-Authorized Debits (Sponsored by Telpay)

For bookkeepers, ensuring timely payments is paramount. It's not just about maintaining a commitment to the health and longevity of a client's business. It's also about building trust, reducing administrative burdens, and fostering long-term client relationships.

One of the most powerful tools in your toolbox is the Pre-Authorized Debit (PAD). With PADs, businesses can directly withdraw funds from their customers' bank accounts, whether fixed or variable. Once the details are set up, payments are debited on a determined schedule, offering bookkeepers and their clients peace of mind that payments will be made reliably and without hassle.

Here's how PADs can elevate your service offerings:

• Predictable Revenue Streams: PADs allow businesses to anticipate a steady inflow of funds. This aids in accurate budgeting and financial planning. Moreover, it bolsters a business's financial stability, facilitating easier loan acquisition, attracting investors, and planning for growth.
• Reducing Overdue Payments: Late payments can strain a business's resources. PADs ensure timely collection, minimizing the need for follow-ups and reminders.
• Flexible Billing Options: PADs are versatile. Whether it's for a subscription service or a fluctuating utility bill, they can adapt to various billing models, ensuring punctual collections.
• Streamlined Administrative Tasks: PADs help businesses cut down on the time and resources spent on invoicing, payment reminders, and reconciliations.
• Incentives and Discounts: Businesses can offer discounts or promotional deals to customers who opt for PADs.

Recommending and implementing PADs for your clients ensures their financial well-being and instills confidence for consistent, hassle-free payments.

For those bookkeepers wanting to elevate their services and offer unmatched value to clients, consider the NEW Telpay Online, an all-in-one secured payment platform designed to streamline sending and receiving payments.

Contact or Book a Demo to learn how Telpay can help manage your payment from one simple platform.

Who is Telpay

Since 1985, Canadian companies have trusted Telpay to deliver payment solutions through leading technology - first by phone, then software, and now through the cloud.