With this information, business owners will be better able to run their practice and make decisions for the future. All programs have predefined reports such as income statements and balance sheets. Some will even provide reports which will make it easier for you to prepare your Form 1099s for your vendors. Look for the ability to customize your reports so you can get the information you need in a format you like. Online Bill Payment .
Many banks currently offer bill payment by phone.
Get ready for paying bills by your computer. This feature is currently offered by many banks to its personal accounts. By the end of the year, we may see this offered by a number of banks to its business customers. The user will write all of the checks to be paid on the computer, dial a special phone number using a modem attached to the computer, input a personal identification number and the bill will be paid by the online processing center on the date you want. This also cuts down on the number of stamps you and your business will use and gives your practice better use of its money.