The Neat Company is the only small business financial management platform to offer free ACH/bank transfers
“Not only will our customers be able to receive electronic payments for invoices they issue through the Neat system, but by avoiding ACH fees on receivables, they can effectively pay for their Neat subscription with the ACH fees they save,” said said Garrett Baird, President. and CEO of The Neat Company.
August 16, 2022
The neat society is the only small business money management platform to offer inbound ACH/bank transfers at no additional cost. By eliminating the standard 1% ACH transaction fee, a subscription to Neat’s all-in-one financial management platform, which offers bookkeeping, invoicing and financial document management, becomes essentially free for any small business that has $29,000 in invoices paid by wire transfer. every year. Anything beyond that is money saved for Neat subscribers.
For nearly 50 years, small businesses have relied on ACH/Bank Transfers for security and convenience when sending and receiving electronic payments. According to Nacha, the organization that operates the ACH payment system, more than 29 billion ACH payments were made in 2021. These payments were valued at nearly $73 trillion. Small businesses are typically subject to a 1% ACH fee on each transaction, although each transaction may cost the processor less than a quarter to facilitate. For a consultant, freelancer, or contractor, these fees add up quickly. With The Neat Company, those fees are gone.
“As a small business owner myself, I always sought to maximize the value of the services I used and every dollar that came to me,” said Garrett Baird, President and CEO of The Neat Company. “Cared-for customers deserve those same benefits. Not only will our customers be able to receive electronic payments for the invoices they issue through the Neat system, but by avoiding inflated ACH/wire transfer fees on receivables, they can effectively pay for their Neat subscription with the ACH fees they save. .
This ACH economy is the latest example of what the Neat product team is working to develop and refine every day. To calculate the potential savings, small businesses simply need to identify the percentage of their receivables currently paid by wire transfer, and then calculate what is 1% of that number. Neat also offers a simple calculator for those who want to see how much they can save by accepting bank transfer payments free of charge.
Neat continues to redefine the way small businesses do their books. Its platform allows small business owners to quickly and confidently manage their books and keep business finances in order, whether they’ve been doing it for years or are new to accounting. The Neat platform offers customers:
- Fast and secure online payments from their customers
- Unlimited customizable billing in just a few clicks
- Complete storage and organization of financial documents
- Easy-to-use accounting with real-time data from anywhere
Neat is priced at $288 for an annual subscription ($24/month) or $29 month-to-month with a 30-day money-back guarantee. Try Neat free for 14 days on http://www.neat.com.
About the neat company
For more than 20 years, The Neat Company has changed the way small businesses and sole traders manage laborious, paper-intensive bookkeeping, customer payments, and organizing financial records. Neat provides all-in-one financial management software that hundreds of thousands of people rely on to get their small businesses in order. Neat helps businesses track, manage, and centralize their financial data to prepare for tax time and stay informed about the health of their business. To learn more, please visit http://www.neat.com.
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