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In the latest QuickBooks version, automating payment reminders simplifies the income collection process by reducing the manual tracking of customers with open invoices. Users can now create scheduled reminders, allowing QuickBooks to notify them when it's time to contact customers. The feature is accessible under the Customers menu in the Payment Reminders section, where users can organize customers into mailing lists, set up reminder schedules, and send messages efficiently. To start, users need to create a mailing list for clients who may need a nudge about payments. This streamlines the previously time-consuming task of follow-ups, improving payment collection efficiency.