Billing & Invoicing Software

What to look for in a Billing & Invoicing app?

If you bill by the hour, by service or by project, then billing and invoicing software is crucial for your business. Cloud-based billing and invoicing apps provide the ability to generate personalized invoices through customizable and pre-defined templates, as well as track and accept payments, send out statements, and record billable man hours. Good billing software will also send reminders of due payments, notifications of when you have had a payment accepted, and set up recurring billing for repeat customers. By automating the billing process, you can prevent late or missed payments, improve customer relations, as well as become more efficient and effective as a business.

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Must have Billing & Invoicing features

Choosing the right billing & invoicing app for your business is not an easy process, but here are some common features you should look for, as well as some more niche functionality that could be useful for your business.

API

Your billing and invoicing software shouldn't function in isolation, but if you want it to work with your other systems, you'll need a fully-documented API that integrates with other common solutions, along with plenty of support from the software vendor.

Multi-Currency

If you are running a global business and have clients in a variety of countries, you will need software that provides the ability to invoice and receive payments in multiple currencies.

Purchase Orders

Create and customize purchase orders than send them as a bill, all from within the same system.

Time & Expense

Tracking Keep track of time spent and expenses acrrued on a project from within your billing and invoicing software, allows you to invoice for services more easily.

Recurring Billing

Recurring billing allows you to automatically bill customers that have subscribed to a product or service you offer on a regular basis.

QuickBooks Integration

Being able to integrate your billing and invoicing software with your accounting solution (such as Quickbooks) allows for a better flow of information and more streamlined processes.

Project Tracking

Keeping track of the status of a project means that you can more easily access key metrics that allows you to send bills and invoices quicker and in a more accurate way.

Email Integration

By integrating your billing and invoicing software with your email app, you can keep client information in one place, and more quickly and accurately send invoices to your clients.

Sales Orders

When your complete a sale, convert the sales order into an invoice with the click of a button from within your billing and invoicing software.

Further reading on Billing & Invoicing

Making a sale is generally considered the difficult part. However, there is another, often-neglected operational area that is equally difficult. I am, of course, referring to Billing and Invoicing.

This holiday season your small business will replace the traditional jingle bell sound with the ring of your cash register. At least, that's what we're all hoping for, right? To make sure that every transaction gets accounted for, you need the right invoicing and accounting tools. And spreadsheet users this may mean its time to replace the tedious and manual with up-to-date cloud-based apps.

What do Netflix, Spotify, Adobe, and Apple all have in common? Amongst other things, they've all recognized the value of the subscription business model. With growth in the subscription economy and the importance of offering different payment plans to your customers, a strong subscription billing app is the lifeblood of any business.

Invoicing: a word that can make even the most thick-skinned business owner want to go hide under the bedcovers. Yet it is the lifeblood of any business, and prompt payment holds the key to continued success. If only it was a bit easier to get customers to pay on time.