Billing plays an integral role in all businesses. Without it, businesses would not be able to maintain their services as money would be poorly managed. But, with the right billing services, businesses can prosper and thrive, all while providing their clients with the services they need to improve their lives.
There are three stages to the billing process for every business. The first stage is invoicing, which allows the company to gather together all charges and taxes for services rendered to a client. The second stage is known as the billing stage. During this time, the client is made aware of what they owe and are regularly reminded of their outstanding debt. In the event that a client fails to pay what they owe to the company, the third stage of billing is reached, which is known as the collection stage. Collections will be made to account for the outstanding debt.