Processing Payments & Invoicing
Last updated August 7, 2024
Processing Payments and Invoicing in Booqable
Booqable simplifies payment processing and invoicing for your rental business. This guide will explain how to manage payments and generate invoices for your bookings seamlessly.
Processing Payments
1. **Accepting Payments:** Booqable supports both online payments through integrated payment gateways and offline payments.
2. **Online Payment Processing:** If you have set up an online payment gateway (e.g., Stripe, PayPal), customers can make payments directly during the booking process.
3. **Offline Payments:** You can enable offline payment options if you prefer to receive payments in person or through bank transfers.
4. **Tracking Payment Status:** Booqable displays the payment status for each booking, indicating whether it has been paid in full or partially paid.
5. **Reconciliation:** Regularly reconcile transactions between your payment gateway and your Booqable account to ensure accurate recordkeeping.
Generating Invoices
- Invoice Creation: Booqable lets you generate invoices automatically for confirmed bookings. You can customize the invoice template with your company logo and contact information.
- Invoice Delivery: Send invoices to customers via email or print them directly from the system.
- Invoice Tracking: View your invoice history, including payment status and download invoices for your records.
- Invoice Customizations: Modify the invoice template to include additional details such as delivery address, tax information, product details, or any other relevant information.
Tips for Efficient Payment Processing and Invoicing
- Enable automated email reminders: Send automatic reminders to customers for overdue payments.
- Set up automatic tax calculation: Integrate your local tax rates to ensure accurate invoice calculations.
- Download invoices in different formats: Generate invoices in formats such as PDF, CSV, or Excel for easy archiving and management.
- Use a clear and professional invoice template: Create a visually appealing and organized invoice that reflects your brand identity.