Organize your store's finances with virtual payment methods

It's no longer enough to do the maths in your head or write everything down in a notebook. If your business survives on day-to-day sales, you are going to need to use more technology.

Here we explain how to take advantage of virtual means of payment so that you can organize your income, accounting and, incidentally, avoid problems with the tax authorities.

If you want to keep your existing customers and get new ones, apply these tips for increasing payments through mobile applications, either in your physical store or online.

In addition, digital tools solve one of the weak points of almost all businesses: the organization of accounting, which the newspaper El Economista explains should be your priority.

The fines and penalties that the Internal Revenue Service (SII) imposes on SMEs for problems with tax payments are often not because they don’t have the resources to pay, but because they carry out the procedures at the wrong time or in the wrong way, especially if their accounts are badly organized. Sound familiar?

This is where digital solutions, such as virtual payment methods, become your allies.

Solutions that a virtual means of payment brings to the financial organization of your business

In addition to facilitating in-store and online sales, for a more affordable cost than you would imagine, depending on the type of virtual payment method you use, technology helps you to organize your accounts in this way:

Track your sales

Record information about products, customers and revenue amounts, as well as variations that may arise, for example in the event of a product return or exchange.

Back up the information

You have a backup of all the transaction details (just as you would have in your sales notebook), which at cash closure, you send to your email in a quick and easy way.

Integrate in-store and online sales information.

For example, some virtual payment methods give you an app to enable you to charge from a cellphone and the option of putting a payment button on your social networks and website. In this case, the information of the sales generated in both media is gathered in a single report.

Organize the operations for your tax folder

Your virtual payment provider should send you periodic reports with a summary of the sales you have had with their tools.

In some cases, you receive the money after a period agreed with the supplier and for that you must generate an invoice. In this case, as you are already paying the corresponding VAT, you do not have to issue invoices for the sales you make with the virtual payment method, as this would result in you paying VAT twice.

One more tip for your business

Take advantage of the period that the tax measures established by the internal revenue service to help SMEs cope with the global pandemic are in place to adopt a digital solution to help you organize your business accounting.

These measures include:

  • The postponement (until June) of VAT payments.
  • The suspension (until June) of monthly provisional payments.

Get organized with the help of technology

As you can see, virtual means of payment not only help you to generate more sales but also to organize your accounting. All in a simple, agile and secure way.

If your business sells food and beverages, join amiPASS and start charging with the app that gets you in front of new customers.

Sign up here if you have a business and want to join our AmiPASS network:

You can also use QR to make your payments by downloading the App: https://www.amipass.com/cobrar-con-qr/

AmiPOS: Learn more about the success of using and managing your business. https://www.amipass.com/comercios/

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