How to Set up a Billing System
Use an offline billing system.. Decide to use billing software.. Compare billing software packages.
Steps
1
Use an offline billing system.
Use an offline billing system.
2
Decide to use billing software.
Decide to use billing software.
3
Compare billing software packages.
Compare billing software packages.
4
Install your chosen billing system.
Install your chosen billing system.
5
Establish your payment terms.
Establish your payment terms.
6
Input customer information into your system.
Input customer information into your system.
7
Add any standard billing items and amounts you charge.
Add any standard billing items and amounts you charge.
8
Prepare billing invoices.
Prepare billing invoices.
9
Record the receipt of payments.
Record the receipt of payments.
10
Send customers bill payment reminders.
Send customers bill payment reminders.
11
Establish a late payment policy.
Establish a late payment policy.
12
Perform age analysis.
Perform age analysis.
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