Recurring billing is a great way to improve cash flow because you no longer have to wait for checks to arrive by mail.
More than that, it reverses the invoice-payment cycle. For example, I recently set up recurring billing for a long-time client. And rather than creating an invoice, emailing it to their bookkeeper and waiting for a check to arrive, with recurring billing I get paid FIRST and then send out an invoice marked “PAID” after the fact.
So their deposit in my account is no longer dependent on their receiving my invoice to trigger the payment process.
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After all, when you get down to it you really have two choices:
- you can keep doing what you’re doing (and hope for a different result), or
- you can find a collection agency that can help you recover what’s rightfully yours.
Either way it’s your money… you decide.