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Here’s a quick explanation on how to receive a payment that paid multiple invoices in one check in Quickbooks Online. #bookkeeping #quickbooksonline #quickbookstips
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Let me break down that last part because most people don’t know this: Prompt Payment Act = once your invoice is approved, the federal government has 15 DAYS to pay you. If they don’t? Interest starts accruing. And trust me, they DON’T want to pay extra. So they pay FAST. This is one of the BEST parts of government contracts, reliable, fast payment. The last contract was $2.4M. That’s your pricing baseline. Adjust for inflation, make it competitive, and you’re in the game. #Govcon #governmentcont
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