Bills can be stressful, but switching over to paperless billing can make it easier for you to keep on top of your payments. So, what is paperless billing?
Paperless billing is when you receive bills digitally, such as by email, instead of in the mail. Most companies now have an option to send bills directly by email, or can send you an email or text notification when your bill is ready to view online. Paperless billing can save you time and money, as well as make it easier to stay on top of all your bills.
Paperless billing saves you time and money, as well as making it easier to stay on top of your cash flow.
Paperless billing saves you time because you receive your bills automatically by email, or can download them directly online. You can even set up automation to automatically put all bills into a folder, sync them with accounting software like Xero, or store them in a file sharing service like Google Drive or DropBox.
Paperless billing can also save money from taking away a mailing fee, as well as saves you money spent on storage, or labor for processing the paper bills.
Accounting software like Xero integrates well with paperless billing, making it easy to stay on top of your cashflow and pay your suppliers on time.
Aside from the personal advantages of paperless billing, paperless billing also has a better impact on the environment, due to less paper waste and consumption of printing materials.
To set up paperless billing, communicate with your suppliers, bank, contractors, and other people that send you paper bills and ask for a paper alternative. Most companies are happy to email bills instead, and once you have set up receiving bills by email you can also use accounting software like Xero to manage your bills.
The best way to manage your paperless billing is with accounting software such as Xero or MYOB. With Xero, you can forward bills sent to your email to a unique email address, which automatically uploads the bill to your Xero account. This makes it easy to manage, and most mail apps like Gmail and Outlook also allow you to set up automatic email forwarding, allowing for full automation of uploading your bills to Xero.