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Be debtor free

Simplify your client engagements and automatically collect client payments in Practice Ignition

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Why collect payments in Practice Ignition?

Be debtor free and centralise your payment collection by managing your client engagements in one place.

Practice Ignition will also help you:

  • Eliminate debtors and ensure you get paid for your work

  • Save your team admin hours invoicing for work, chasing debtors and reconciling payments

  • Manage all payments in one place – rather than disparate systems

  • Provide a great client experience

  • Choose when and how your clients pay, i.e. before, during or after work is completed, or on the invoice email

  • Have better visibility into your key metrics with the Business Intelligence Dashboard

 

My AR was always over 70K and now it’s down to 0. I don’t start work until they sign a PI proposal and it’s revolutionised my business.
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Rhiyaad Kahn
Director at Kahnsulting
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Sign up to Practice Ignition and you’ll pay zero transaction fees on client payment processing through Practice Ignition between 1 June 2021 and 31 August 2021*.

Save your team admin hours and eliminate debtors in FY 21/22 by setting up client engagements with online payment collection in Practice Ignition.

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CA ANZ members will now be able to:

  • Create professional proposals and compliant engagement letters in minutes using pre-approved language in professionally designed templates
  • Send proposals and engagement letters directly to any device for their client to review and sign, on the go
  • Set up direct debits directly within the engagement letter, upon acceptance
  • Manage all engagement letters in one single system of record
  • Better manage cash flow via the Practice Ignition management dashboard

How Practice Ignition works:

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Practice Ignition automatically amends your client engagement letters based on service templates and standardized terms. You’ll save time and Practice Ignition’s integration with Xero and QuickBooks Online means you’ll eliminate the need for copy and paste or ‘Find and Replace.’

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Our onboarding team will help you set up your template library and standardized terms, making sure that all of your engagement letters include guidance referred to in the CA ANZ Engagement letter tool. Practice Ignition will then automatically update the following details for each new proposal:

  • Correct contact details of clients
  • A consistent description and scope of services across your clients
  • An outline of agreed fees and payment terms - retainer, on completion, or fixed recurring for example
  • Your signature
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Your client will then be able to:

  • Review and sign the engagement letter on any device. They’ll even get reminder emails if they’re slow to sign.
  • Enter their payment details - both direct debit and credit cards are accepted (fees apply)

Want to learn more?