Quote:
Originally Posted by Locke
It obviously depends on the business, but as an Accountant, I'll take the E-Transfer because the Tax Return doesnt get filed until I get paid.
You dont get your documents back or copies of my work and it doesnt get filed until I get paid.
Granted, thats simplistic, I have lots of clients that I trust and I'm up against deadlines so I will file stuff to get it in on time, but we're talking 'same day' or even 'within a few minutes.'
There are all kinds of variations, I deal with a lot of clients remotely, I email them an invoice, receive an E-Transfer, and then file their documents and send them their copies of the work.
I'm not saying its perfect for all kinds of businesses, but when I started a lot of the work was face-to-face and people would largely pay through the POS machine, but when COVID hit it changed all that and I do a lot more remote work where people will send in or drop off their documents and we finalize everything through email, so E-Transfers work well.
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Makes sense. For my wife, their business is still 100% face to face. etransfer is probalby the way to go to be honest but the one factor that may hold them back is their antiquated software system. Nothing is automated and it's all clunky, but the business is two years our from shutting down so the owner does not want to spend a bunch of money on new software.