video1.0<iframe src="https://www.loom.com/embed/2abd6f6cccc04cdc809632004df25f69" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/2abd6f6cccc04cdc809632004df25f69-00001.gif116.392In this video, I discuss the importance of ensuring timely payments for receivables. I introduce the concept of direct debit as a simple and effective way to guarantee payment. By having clients sign a direct debit declaration, we can automatically collect the invoiced amount from their bank accounts. This eliminates the need for credit control and chasing overdue invoices. I also highlight the partnership between Xero and GoCarless, which provides a seamless integration for setting up direct debit payments. Take advantage of this system to streamline your receivables and ensure prompt payment.