Start using retainers for your business
Source image: Freshooks

Start using retainers for your business

Here I am, back to talking about a company that I adore and that, in my opinion, is indispensable for all those who have a small or medium business online: FreshBooks.

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First of all, summarizing in brief, what is Freshbooks?

FreshBooks is the #1 cloud accounting solution designed for small business owners who bill for their time.
I know, if you have a small online business, you are a blogger, a social media influencer, you can use the services of Freshbooks.

I had already written about FreshBooks, highlighting some of its strengths, including ACH Payments and invoices, but today I come back to tell you about the latest news: Retainers.

For FreshBooks customers on Plus or Premium plans, there is a new option for managing customer billing: Retainers.

FreshBooks Easy Invoicing Page

First of all, what are Retainers?

In short, retainers help you work more efficiently with your customers.
When you create a Retainer, you can invoice the customer a fixed amount upfront and then keep track of the time to the Retainer. And if, by the end of the same month, you have totaled more hours than the covered Retainer, you can easily bill that excess time on a one-time bill.
therefore, summarizing: extra totalized hours = recognized on an invoice.

Ok, I’m clear what it is.
So why should I use a retainer?

Among the advantages of creating a Retainer, surely you can find:
– Collect payments to the customer in advance
– Track the hours of time allocated
– Make monthly income forecasts
– Optimize billing

What is the starting point for creating a retainer?

Creating a retainer is simple. As explained by Freshbooks, I tell you what is the first step to start creating a retainer:

retainers create 1
Source: FreshBooks.

Access the blue menu and click the Retainers tab (NEW) and select the green “New Retainers” button to get started.

And the first step is done! Now all you have to do is follow the Freshbooks tutorial for the next steps and you will have created your Retainer!

In conclusion, I really believe that Freshbooks has introduced another important novelty for the management of its online business.
And you? Have you already had the opportunity to try the services of Freshbooks, or alternatively, which methods do you use to manage your business?
I await your comments in the comments below, in the meantime I suggest you subscribe to the newsletter of my blog to stay updated on the latest news. Just a minute and it’s totally free!

> FreshBooks Easy Invoicing Page

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