Summary
Setting up default payment methods
Ensure clients have a default payment method on file for automatic collections
Provide a link to clients if they need to add or update their payment details
Enabling auto charge when creating an invoice
Navigate to the invoice creation section in Cone
Locate and select the
auto-chargeoption to enable automatic payment collectionChoose the desired default payment method from the available options
Choosing the payment date
Decide between collecting payments on the invoice sent-to-date or due date
Set up future-dated auto charges by specifying a later date for payment collection
Scenarios for auto-charge:
Immediate auto-charge: Payments are collected as soon as the invoice is sent
Future-dated auto-charge: Invoices are scheduled for a future date, and payments are collected on that specified day
Benefits of using Cone's automatic payment collection
Streamline your invoicing process with seamless payment collection
Reduce manual tasks and minimize the risk of missed payments
Enhance cash flow management by setting up consistent payment schedules