Let’s look at a story: Rachel is a small business owner who loves to paint, turning her passion into a successful art studio. But managing accounts payable and receivable, keeping track of finances, and, most of the time, handling check transactions have always been a hassle for her. What happens is, most of her hours are spent on the financial part and she does not get time to focus on art. Hiring an employee is not affordable for her, and she is in search of a solution. That’s where the Checkeeper alternative can make all the difference.
How Can Art Studio Manage Finances?
OnlineCheckWriter.com – Powered by Zil Money allows you to manage accounts receivable and payable via a single interface. Businesses and individuals can easily and instantly make payments via multiple methods, create invoices, track expenses, and manage accounts via the platform. Rachel can single-handedly manage:
Accounts Payable
Accounts payable (AP) is the funds a business owes to suppliers or vendors for goods and services received on credit. It’s a short-term liability that appears on a business’s balance sheet as a debit. For example, if Rachel buys paints, brushes, canvases, and other equipment from a vendor, she owes money to them. This will be recorded in the AP section of the financial management. The platform offers features to manage accounts payable:
- Pay via Checks
OnlineCheckWriter.com – Powered by Zil Money, allows you to pay vendors, suppliers, employees, and landlords via checks. Users can create and send checks instantly on demand. If Rachel has vendors who demand check payments, she can pay them easily without relying on pre-printed checks.
- The platform allows you to create checks with a smart gadget like a tablet, laptop, mobile phone and a good internet connection. Checks can be easily customized with business logos, colors, fonts, and backgrounds with the drag and drop tool.
- Users can print checks with a standard printer on regular blank check stock or papers. Businesses can save up to 80% on check printing expenses by eliminating pre-printed checks.
- Users have access to pre-designed, high-quality check templates to create professional checks.
- You can make unlimited check transactions without restrictions at any time via the software and maintain the business’s cash flow.
- OnlineCheckWriter.com – Powered by Zil Money, offers positive pay service on request, a fraud prevention tool that matches issued checks against the bank’s records to detect fraud.
- Pay via Credit Cards
The platform offers a credit card feature to enhance your business’s temporary cash flow. OnlineCheckWriter.com – Powered by Zil Money, allows you to pay vendors, employees, and landlords electronically using a credit card without the payee incurring any fees. Rachel can use her credit card to make purchases for her art business when she is tight on budget. She can earn rewards, discounts, and cashback on credit card transactions via the platform. The all in one platform’s credit card service is fast, reliable, and protected by cutting-edge security features. Businesses’ and individual’s financial data stays safe with the platform.
- Pay via ACH, Wire, or Virtual Card
OnlineCheckWriter.com – Powered by Zil Money, offers ACH, wire transfer and virtual card transactions for businesses and individuals.
ACH: The platform offers ACH transactions via the NACHA network without additional transaction fees for the payer or the payee. ACH, or Automated Clearing House, is one of the ways you can electronically transfer funds from one account.
Wire Transfer: The software allows you to make transactions via wire transfer to the supplier’s account for immediate domestic and international funds transfer. The platform’s wire transfers are guaranteed because they cannot bounce. Users can make a wire transfer from anywhere at any time without restrictions.
Virtual Card: A virtual card is a temporary, digital card number generated by the platform for a specific transaction or a set period. OnlineCheckWriter.com – Powered by Zil Money, allows you to create customized multiple cards for different transactions.
Account Receivable
Accounts receivable (AR) is an item on the business’s balance sheet that represents money due to the business for products or services it has delivered. Accounts receivable are regarded as an asset to the business. For example, if Rachel sells her paintings, the money she receives is recorded in the accounts receivable section. The software offers:
- Payment Requests and Links
The platform allows you to send payment requests and links instantly to receive payments. Payment links are an easy and secure method through which businesses can accept online payments from clients. The software allows companies to create free, customizable links so they can easily request payments from a business or an individual. Rachel can send payment links to her clients and receive payments via ACH transfers, wire, checks and credit cards.
- Invoices
The online check printing software allows you to create free invoices without errors and mistakes. OnlineCheckWriter.com – Powered by Zil Money, provides resources for creating personal and business invoices instantly. Users can include payment terms, discounts and a detailed breakdown of payments for professional appearance. Invoices can be sent as printable PDFs via email.
Conclusion
OnlineCheckWriter.com – Powered by Zil Money, makes handling accounts payable and receivable simple and efficient. The platform offers everything from online check printing and credit card payments to ACH transfers, wire payments, and virtual cards—all in one place. A small business owner like Rachel can save time, cut costs, and focus on her business. The platform makes running a business smoother and stress-free for anyone, no matter their size or industry.
