Accounting on the Go Series-26: Empower Your Business with Partial Payments in Zoho Books
Hi there!
Today, let's discuss the importance of flexibility in business with a focus on allowing partial payments. This feature enhances convenience in your invoicing process, empowering customers to pay in manageable instalments.
Consider this scenario: You've sent out an invoice and eagerly await payment. While you're away from your desk, your client calls to explain they can only make a partial payment at the moment. With the Zoho Books mobile app, you can quickly enable partial payments with just a tap, even on the go. This flexibility empowers your customers to manage their cash flow while ensuring timely payments for you.
Why are partial payments crucial? Imagine you run a small retail business that sells high-ticket items like furniture. Offering the option for partial payments allows your customers to purchase items they desire without putting a strain on their budget. They can pay in manageable instalments, making your products more accessible and increasing sales opportunities.
How it works in the Zoho Books iOS app
➤ Open the Zoho Books iOS app.
➤ Open the Zoho Books iOS app.
➤ Navigate to the "Invoices" module.
➤ Go to the concerned Invoice and “Edit” it.
➤ Scroll down and enable the option “Allow customers to make partial payments for this invoice.
➤ Save the Invoice.
➤ Now, your customer can make a partial online payment to this Invoice.
How it works in the Zoho Books Android app
➤ Open the Zoho Books Android app.
➤ Navigate to the left side panel and go to Sales >> Invoices module.
➤ Tap on the "+" button located at the bottom right corner to create a new Invoice or simply click on the pencil button to edit an Invoice.
➤ Scroll down and enable the option “Allow customers to make partial payments for this invoice.
➤ Save the Invoice.
Moreover, if your customer prefers to make an offline payment, you still have the flexibility to record partial payments manually. Simply adjust the payment received amount as needed, accurately reflecting the partial payment made by your customer.
Download the mobile app from this link or simply scan the QR code provided below and adapt to your customers' needs and maintain a steady cash flow for your business, all within the convenience of the mobile app.
Stay tuned for more tips and features in our "Accounting On-the-Go" series. For any queries or assistance, feel free to reach out.
Regards,
Tanisha Choudhury
Zoho Books