The feedback and insight received from the “Report Usage” survey has been overwhelmingly positive. Thank you all that participated!
Using your survey feedback, our development team has been busy enhancing and optimizing our reporting features. We have compiled three pro-tips along with details on two new reports you may want to look at. Get the most out of your reports data!
3 Top Pro-Tips
#1 Report Feature – Save Filters
Do you find yourself frequently using the same filters on a specific report? You can save the filters used with this report and quickly access them again from your Favorite Reports tab.
#2 Quick Questions – Chat Feature
Connect with one of our live support specialists in mere seconds via chat. Our knowledgeable support team will work with you until you are satisfied and have completed your task.
#3 Ideas & Features Requests
Would you like to see a specific feature that we don’t yet offer? Maybe it’s an idea on a different way to look at the data. The Ideas & Features Requests is the fast track to fulfilling your needs. VIEW ALL REQUESTS
2 New Reports Worth Running
Client User Rate Report
This report is one of the newest to be released. Originally developed as a custom report for our Enterprise Plan, we believe most firms would benefit from utilizing this report.
Easily find the rates that each user bills each client. From a single user to an account manager, find all your client’s rates in one, customizable, report.
Collections Report
Show payments collected by each user and the percentage attributed to that user. As an option, you can include expenses and credit adjustments on this report.
Similar to most reports, you can view all the information or drill it down to a single user.
Professionals have an image to maintain: a cool-headed savoir faire, appropriate dress, impressive office and just the right balance of tech.
Asking to get paid doesn’t quite fit the image.
We all invest in controlling and improving our professional stance, whether it’s diction courses to improve our speech or reading to stay relevant in a changing age – and then we dismiss collection problems because it would appear crass or possibly jeopardize a client relationship you’ve cultivated over months. It’s time to turn your savoir faire toward the crucial step of collections.
Whether you’re in law, consulting or the creative field, you can find a way to keep your professional image while getting paid like a pro. Here’s how.
To get paid, get proactive.
First step to getting paid like a pro is to own the process.
Work out your whole business cycle from marketing to payment, and don’t leave the method of payment, the terms or the timing up to the client. Don’t tell yourself, “Whatever’s convenient works.”
Take responsibility for getting paid. After all, you take responsibility for marketing and staying productive. Why get squeamish now? Add a good dose of respectability to your firm, agency or freelance reputation when you determine which policies you’ll follow:
Determine how much your services are worth. A pinch of research will yield endless discussion.
Click here for our article on marketing via discounts.
Decide when you get paid. When’s the deadline to pay an invoice payment? What are the late fees?
Determine your policy for delinquent accounts. Attorneys have legal requirements to meet before stopping work. What can your graphic design firm learn from them?
Formalize agreements with contracts. You’ll thank us later.
We all wish we could take our clients at their word. But, let’s face it. If promises were dollar bills, our clients would have an easier time putting their money where their mouths are.
To get paid, set expectations early.
Think about it. You pay when it’s expected, whether you’re paying rent, the restaurant bill or for professional services. So do your clients.
Share these policies in a simple, clear way – and do it early in the relationship. This communication might seem distasteful if you’re not used to it, but consider this. As professionals, we tend to invest a lot in keeping the client happy. One of the simplest ways to make them happy is doing what you say.
The first step, though, is saying what you’ll do.
To get paid, invoice frequently.
Invoicing is communication. The only difference between your invoices and carefully worded emails to the client is that invoicing directly results in getting paid.
Brennan Dunn, author and owner of a Virginia-based consultancy, recommends invoicing at least once a week, to shorten the loop between sending invoices and getting paid. Monthly invoices with 30-day terms mean you’re waiting about two months before getting paid for your work.
That may be fine if you’ve got the cash flow of a large agency, but it can put the one-man firm in the hurt locker.
Pro-tip: Pave a payment path.
The easiest way to get paid is making it easy to pay you. That’s the lesson everyone from utility companies to online retailers are learning.
With mobile-based or web-based bill payments, you can eliminate obstacles for your client and make it easy for you to get paid. And it’s hard to ignore bills that are easy to pay.
For Bill4Timers, one of their best online payment options is already available: the Client Portal.
As you create invoices from your tracked time, the Client Portal will automatically email your invited clients to let them know that the next invoice is available. Plus, after they securely login, they can pay it right then and there. It’s like having your own accounts payable and accounts receivable departments, and that’s a boost to your professional credibility.
When you use the Client Portal for payments, you can take the money conversation off the table and get down to business.
After all, you’re a professional. And professionals get paid.
Now Small Businesses can Accurately Track Expenses While On-the-Go
March 23, 2015—Bill4Time (www.bill4time.com), a leader in time billing software for legal, accounting, consulting and service businesses, announced today the release of Bill4Time expense snapshot feature for iPhone, Android and BlackBerry mobile users.
Bill4Time clients can simply enter an expense by snapping a photo of the actual receipt. All details appear with the expense entry and automatically uploads to the users online Bill4Time account. Receipts can be easily attached to invoices, thereby eliminating the hassle of keeping track of actual paper receipts. In addition, users can view any uploaded receipt in the Bill4Time app, anytime, anywhere.
“Tracking expenses is often time-consuming and a hassle for small businesses. When a receipt is misplaced or lost, these expenses are often not reimbursable—causing the business to incur a financial loss,” said Jeremy Diviney, president of Bill4Time. “The new Bill4Time mobile expense snapshot feature eliminates the need to retain paper receipts and helps businesses accurately track expenses as efficiently as they account for billable time.”
About Bill4Time.com Bill4Time is a leader in time billing software. Bill4Time offers desktop and mobile apps to help easily capture and track time and better manage business operations. Bill4time end-to-end cloud-based software increases productivity, enhances efficiencies and boosts visibility while eliminating leakage and compliance issues. The Bill4Time ecosystem transforms the operations of any business. For more information, visit www.bill4time.com.
Tracking expenses no longer means a wallet full of receipts. Discover paperless expense tracking with Bill4Time’s newest feature for iPhone, Android, Kindle and Blackberry users.
Published by Cyber Advocate | March 8 by Brian Focht
Excerpt:
Bill4Time (iOS, Android)
The Mobile App component of a comprehensive billing and invoicing system, Bill4Time is a complete timekeeping system for small business. With the ability to track everything from time and expenses to client and project information, the invoicing and reporting functions of the Bill4Time software are unmatched on this list.
Unfortunately, Bill4Time is not a completely standalone app for recording time, meaning you will not gain much usefulness from the app without purchasing the billing software that goes along with it. However, if you’re willing to foot the price for the full package, you’ll find, like Morgan Smith of the Cogent Legal blog, that Bill4Time is “a fantastic program for billing, creating invoices, [and] tracking time spent.”
UPDATE: Bill4Time now includes a sortable and searchable list of ABA Legal Billing codes.