At the beginning it was probably very simple. You sold someone your widget, they paid you in cash and that was it. Money in the pocket for you to put into your bank account. When you start using other payment methods, things become a bit more complicated. Often the question we get is: When will I get my money?
One of biggest challenges for any small business is cash flow - it’s vitally important that you’ve got your finger on the pulse of what's going on at all times.
As a business, it’s important to put your customer first and this often means catering for various methods of payment. I recently walked into a takeaway restaurant the other day and I was confronted by a Yoco card machine, a Mr D terminal, a tablet to record cash and card sales, a tablet to record Uber Eats sales, Snapscan and a cash box. How do you keep track of it all? How do you easily reconcile all your sales for the day when there is cash received today, Yoco paying you out tomorrow, Uber paying you out at the end of the week, Snapscan in two days and so on.
We don’t have the answers on integrating other payment solutions into your business, but we can help you understand how Yoco fits into your cash flow picture. That’s why we have now included all of your payout information in your Yoco App, so that you can easily keep track of your fees and money coming in.
How Yoco’s payment process works
How to make your reconciliation process easier
Knowing when your money will be in your account is the first step to doing recon. Check out how real businesses use Yoco to reconcile their sales in 15 minutes (or less)…
