Synopsis: As COVID-19 has brought most businesses online, traditional offline billing has taken a back seat. Businesses are shifting to online invoicing as online business gains popularity.
Having an accounting system for your business can help you keep track of your business finances and reduce stress. However, there are so many details to take care of that it’s easy to get buried in paperwork. When you run a small business, the tasks that take up most of your time are often the least enjoyable ones. One such task is invoicing your clients and vendors for services rendered or products purchased. You need to record all the information about what was purchased and how much, which means you have to go through all those receipts and categorise them. And once you’ve done that, you also need to create an invoice with all that information and send it out to everyone who needs one. Not exactly exciting stuff!
Online Invoicing Software Is the Future
You might be thinking, ‘Why do I need an online invoicing system? I’ve been doing just fine with paper and pen!’If your company grows, you’ll want to follow the path of least resistance. While many small business owners do use paper and pen to create their invoices, it can be very time-consuming. You have to make sure that the invoice is legible and organised so that your clients receive it correctly. And if you send the invoice to them by snail mail, you also have to ensure that it gets to them promptly. An online invoice system can make this process a lot simpler. An online system can create an invoice in just a few minutes by filling out a simple form. And as long as you have internet access, you can send the invoice to your clients immediately.
Benefits of Online Invoicing Software
There are many benefits of online invoicing, including being able to access your data anywhere you have internet access. In addition, several features make invoicing more efficient than on paper. – Accessibility. An online invoice system can access your data from any computer or mobile device. You can do so from your laptop or smartphone if you’re at a client’s office or on the road and need to create an invoice. – Organisation. You can easily organise your invoices by date, amount, or client. You also can easily create a report of what you’ve billed and when. This comes in handy if a client asks you how much you charge for a certain service. – Collaboration. You can create teams and invite other team members to view and add their information to the invoice. This helps you manage the information of multiple clients in one place. – Customisation. Online invoice systems allow you to customise your invoice, including the logo, colour scheme, and fonts. – Payment options. Many online invoice systems will enable you to accept payments online and even offer different payment options, such as credit card and subscription models.
Organised and Easy to Find Information
Most people will use your invoice to determine if they should do business with you again. If the invoice is unorganised and hard to read, they’ll likely throw it away. An online invoice system allows you to create an invoice that stands out. With the right system, you can format the invoice in a way that is easy to read and understand. When you store your invoices in an online system, you also have the opportunity to find the information you need even faster. Instead of having to sift through piles of paper and file folders, you simply go to the online system and search for the invoice you need.
Paying Employees and Vendors is Easy
If you use an online billing system for invoicing your clients and an online payment system to pay your vendors, you can easily integrate them together. This will save you time and effort by automating the entire process, so you don’t have to handle payments manually. By automating these processes, you can ensure that everything is accurate and you don’t miss any payments. When you use the same system for invoicing and paying your employees, you’ll also be able to track their hours. This is important because you must pay your employees for their work and ensure they allocate the appropriate hours.
Help Protect Your Business
Using a paper-based system, you probably spend a lot of time organising and filing all your paper invoices. This can be time-consuming and lead to paper cuts and bent corners on the invoices. With an online invoicing system, you don’t have this problem. You can store all your invoices in one place and easily find the information you need. You also don’t have to worry about misplacing or losing any of your invoices because they’re all digital. By storing all your invoices online, you can easily create reports and track the progress of your business.
Let’s get to the point of this article, Dash is affordable compared to other products on the market and offers features that hardly anyone can match:
Accounting
- Get your balance sheet, profit & loss, and auto-generated reports
- Take advantage of single-click GST Filings by capturing your GST Reports
- You can share this with your clients as a party statement
- You can view the detailed trial balance report here
Invoicing
- Custom Templates with Business Logo
- Share on Whatsapp and Email
- Foreign Currency Support
- Auto – Reconciliation on Online Payment
Inventory
- Track highest selling items
- Check the margin on every item
- View detailed inventory reports
- Get low stock notifications
Payments
- Payment Gateway Integration on Invoice
- 3x Faster Collections using UPI
- 0% Transaction Charges up to ₹10000
- Real-time Settlement to your Bank Account
We invite you to try our software and experience an elegant user interface. Take advantage of all these benefits at the best price and in the shortest possible time.
Conclusion
Invoicing can be a tedious task, but it’s an important one. An online invoicing system can help you create and send out invoices in no time. You can track your progress and ensure that you’re billing your clients correctly. You can also use an online payment solution to help you track and manage your payments.