If you need to travel for a meeting with a client, you’ll be able to send them an invoice right away, without having to wait until you get back to the office. With cloud-based software, you’ll be able to access your invoicing system from anywhere, even while you’re on the go. This will give you a much clearer picture of your business’s cash flow projections, making accounting and business management that much easier. You’ll also be able to see which invoices have been paid, which are payment pending or are still awaiting payment. With the detailed reporting capabilities that most online invoicing software provides, your invoicing data will be more organised than ever before.Īll your invoices can quickly and easily be organised by date, client, job type or any other metric you choose. With invoicing automation, there’s no paper, no envelopes, no postage, and either you or your staff member will need far less time to complete the task, resulting in lower wage requirements (or time savings on your part) to get your invoicing done. Lastly, unless you’re doing all your invoicing personally, you likely have to pay someone on your staff to take care of it for you.Īll these costs add up, especially when you remember that you have to pay for them every month and that the need for invoicing will never stop. Then, there’s the cost of postal envelopes, stamps and postage. First, there’s the cost of the paper that the invoice is printed on. This reduction in paper also reduces the cost of invoicing for your business. You’ll have easy access to them whenever you need them, but without the hassle of having to sift through piles and piles of documents. Online invoicing eliminates this problem by keeping all your invoices stored as data files on your computer. This is not only inefficient, it’s extremely prone to loss and forgetfulness. Just as your clients’ desks are likely cluttered with paperwork, so too is yours. In the unlikely and unfortunate event that you don’t receive payment, you can also use this data to back up your claim of a bad debt with the ATO. You’ll never be left wondering if invoices made it to their destinations as you would with the post. There will be no excuses for clients not paying you, as there will be a digital record of when your invoices were sent. With online tracking capabilities, you can be alerted when your clients have received your invoices. This benefit is an extension of the previous one. Online invoicing eliminates both potential problems and backs up a copy of your invoices for later reference. If one does get lost, you’ll be left wondering why that client hasn’t paid you, even though they never received the invoice in the first place.Įven if your invoices do make it through the post to your clients, there’s still the possibility that they’ll lose or forget about the invoices. When you send invoices through the regular post, there’s always a small risk that your invoices will get lost. No more waiting until the end of the month to process invoices this way, you can get them out as soon as you’ve completed the job so you can get paid sooner. Automated invoicing lets you send them out instantly, no matter the time or day of the week. Gone are the days of waiting for the postman to send out your invoices. The easier you can make it for your clients to pay you, the faster you’ll get your money. With online invoicing, you can help to reduce the amount of clutter on your clients’ desks and increase the likelihood that they’ll get to your invoices more quickly and before they sink to the bottom of the pile. No matter how important that invoice is to your business and to your client, it’s just another piece of paper in a never-ending pile of to-dos. Just as you have to send out many invoices, it’s likely that your clients are receiving tonnes of invoices as well. You simply input a client’s contact information one time, and then the information is automatically populated into the invoice with just the click of a button. With online invoicing, all that tedious and time sapping manual work is automatically done for you. It’s also a pain that’s easily mitigated. It’s an unnecessary pain to fill out all those invoices manually at the end of the month. Here’s how this new technology can transform your invoicing operations. So, it’s time to stop the madness by taking your invoicing online. The problem only grows as your business grows too. Unfortunately, invoicing can be incredibly time-consuming, depending on the size of your business. Of course, this is the basic operation which gets you paid, keeping your business successful and your cashflow high. If your business is like most, you spend a lot of your time creating and sending out invoices to your clients.
0 Comments
Leave a Reply. |