Money & Payments

Feb 9 / Clarity Street
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In this session, we're diving into all things money and payments to help your accounting practices go round. We cover of topics related to managing finances and payments effectively in your business:
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Payments
Ensuring smooth and efficient payment processes is vital to streamline your financial transactions. We will explore various strategies and tools that can help you optimise your payment procedures, reduce errors, and improve cash flow within your organisation.
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Management of Rejections in Ignition
We will discuss effective strategies for handling and resolving payment rejections within the Ignition platform. Learn how to identify common causes of rejections, leverage available resources and features in Ignition, and establish robust workflows to minimise rejections and keep your payments on track.
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Handling Debtors
Managing debtors is crucial for maintaining a healthy cash flow and financial stability. We will share best practices and proven techniques for effectively managing debtors, such as establishing clear credit policies, implementing timely follow-ups, and employing effective communication strategies to ensure prompt payment from customers and clients.
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Dealing with Closed or Cancelled Jobs in XPM
Sometimes, jobs may be closed or cancelled, but there might still be Work-in-Progress (WIP) values associated with them in your XPM system. We will discuss the common challenge and provide practical solutions to rectify these discrepancies. 
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Managing Budgets for Jobs
The ability to set and manage budgets for projects is crucial in controlling costs and maximising profitability. In this session, we will explore effective strategies and tools for setting realistic and achievable budgets, tracking expenses, and making necessary adjustments to keep your projects on track financially. Learn how to analyse budget variances, identify potential risks and implement proactive measures to stay within budget and drive profitability.
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Watch a recording of this session below, o further delves into the financial topics. The webinar provides in-depth insights and practical tips to help you navigate the money management and payments within your business.