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What I do on the 1st and 15th of every month: 1) Calculate payout totals for each organization for the prior 2 weeks. 2) Write a check to each organization.
by tbrooks 14y ago
What I do on the 1st and 15th of every month:
1) Calculate payout totals for each organization for the prior 2 weeks.
2) Write a check to each organization.
3) Mail the checks.
So when I tell my customers that you're paid on the 1st and 15th of every month, what it really means is that I'll put checks in the mail on those days. Then you have to wait 1-2 days for mail, then 1-2 days for deposits to clear. It gets worse when the 1st or 15th land or national holidays when the mail doesn't run or banks are closed.
These fluctuations in cash flow can kill an organization. Enter Balanced Payouts.
Now it's as simple as running a query that calculates the totals and deposits those amounts to each respective organization. A half day process I did twice a month, now turned into a cron job that runs in < 1 minute.
Thanks Balanced!! (star twinkle on tooth)
- Reclix 14y agohahaha this is eerily similar to the story of my life before Balanced - love their team & the product is beautiful.