Request for Payment – Discussion on which billing method works best. Learned about the new Liability RFP billing model and talked about how that positively impacts financial statements
Inventory – Talked about the pros and cons of tracking inventory in QuickBooks as well as iPoint. About half of our members are currently using iPoint only to track inventory and are not pushing inventory quantities to QuickBooks. We also talked about who delivers products and when that process takes place in iPoint.
Sales Tax – We discussed a number of tax issues, how to track taxes under special circumstances as well as how to ensure that customers are charged the correct sales tax rate.
Printed Invoices – We shared tricks on how to best present the invoice to the customer for payment. Do you send line item detail or a summary invoice, and why? And how do you send partial billing to customers?