Summary

1. 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

2. Enabling auto charge when creating an invoice

   • Navigate to the invoice creation section in Cone
   • Locate and select the auto-charge option to enable automatic payment collection
   • Choose the desired default payment method from the available options

3. 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

4. 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

5. 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