5 ways Karbon gets you paid faster
Dave George
Group Product Manager, Karbon
Accounting firms using Karbon’s Billing & Payments get paid nine days earlier on average than other firms. Here’s how.
Karbon launched its Billing & Payments product earlier this year and we are dedicated to its growth, fueled by valuable feedback from our customers and fantastic early adopters.
A key focus of Karbon’s Billing & Payments is making payment collection easy, seamless, and quick for Karbon customers. Like any business, cash flow is crucial for accounting firms—it’s how you confidently ensure financial stability and how you power the growth of your firm.
On average, invoices paid through Karbon Payments are paid nine days earlier than invoices paid manually, according to data from all payments processed in Karbon so far.
With that in mind, here’s a roundup of some features we’ve built to help you get paid faster. With a packed roadmap, this list is steadily growing.
5 ways Karbon’s Billing & Payments helps you get paid faster
1. Get paid automatically with Auto-Pay
With one click, your clients can save their bank or card details in Karbon.
Next time you send them an invoice, they’ll receive an email notification that the payment will be made automatically on the invoice's due date. No additional effort is needed by them or you. This means no time wasted chasing payment collection.
One thing we could all use more of is time, so why not take chasing debt off your to-do list?
How your clients can save their bank details for auto-payments in Karbon
2. Request payment details before starting the work
A growing number of firms ask for payment details during client onboarding so they can have more certainty about being paid on time.
In Karbon, you can use the Request Payment Method feature for all new clients to capture bank or card details (payment methods vary by region) before kicking off the work.
This means that when you invoice this client, their details will be used to automatically take payment on the due date.
Tip: Collecting these details in advance is an option you can build into your processes so you’re tackling payment at a client level, rather than for every invoice.
Use Karbon’s Billing & Payments to collect your clients’ payment details upfront, so you can be confident that you’ll be paid on time
3. Resend outstanding invoices in bulk
Sometimes a gentle nudge is all that’s needed for a client to pay outstanding invoices.
You can do this in bulk with Karbon’s Billing & Payments.
Once you hit the resend button, your client will receive a payment email with a secure link to pay for the invoice or invoices.
4. Remove barriers and provide clients with flexible payment options
With Karbon Payments, your clients can pay securely online with credit or debit cards in the US, Canada, Australia, the UK, and New Zealand. And in the US, Canada, and Australia, your clients can use their bank account to pay.
Clients can also pay using their linked Google Pay card for no additional charge.
Very soon, you will have the option to pass credit card surcharges on to clients to reduce your payment processing costs.
Flexible payments in Karbon means getting paid faster
5. Automate invoice creation with recurring billing
In Karbon’s Billing & Payments, you can set up a range of recurring billing plans. Once configured, Karbon takes over, generating monthly invoices at your chosen cadence and pricing. With just a few clicks, you can send these pre-approved invoices effortlessly.
Even better, these billing plans are linked back to your work, allowing for seamless and automatic tracking of your realization.
Automate your invoice creation with recurring invoices in Karbon’s Billing & Payments
Take a small step today
Experience it for yourself. As an admin, you can easily explore Karbon Billing & Payments by enabling the Billing Access permission in your user permissions.
To see these features in action, join one of our regular Billing & Payments workshops. Our experts are eager to give you a tour and answer any questions you have. We’re here to help you make the most of Karbon Billing & Payments.