Whether you call it billing, accounting or invoicing all of which require your attention with respect to numbers, data, and statistics. Excel and other spreadsheets have been playing a major role since long in handling the accounting task of a firm or business. However, it is quite common that at some point few of the details are missed due to which calculation errors appear such as formulae and shortcuts leading to accounting disaster ultimately leaving the business process messed up.

If you or your organization is facing or experiencing accounting/billing drawbacks then it is time to go for Moon Invoice, the invoicing game changer.

1) Get Rid Of Excel Spreadsheets

Excel is a great tool but wasn’t made to handle accounting and manage records of any kind. However, it is a tedious task to manage numbers in excel especially if you aren’t familiar with shortcuts and formulae. With Moon Invoice, all your numbers and data worries are sorted out with built-in timesheets to streamline your tasks or project and with an auto/manual calculation of product stock on invoices.

2) Get Financials On Fingertips

Adding & managing ‘Purchase Order (P.O)’ or ‘Expense’ details in your spreadsheet is time-consuming and can’t be accomplished while you are on the go. Moon Invoice allows you to access your financial data and other details anywhere, anytime even on a laptop, mobile phone or tablet.

3) All On Cloud

Tired with everyone having different data for the same account? Moon Invoice lets you sync & access data across multiple devices even while you are on-the-go. Moreover, Moon Invoice can easily be accessed and download for all the major platforms such as iOS, OS X, Android, Windows, etc.

4) Professional & Customised Invoices

Are you one of those businesses who like to present their clients with specific invoice template by avoiding unnecessary invoice fields that are irrelevant to your client? If you are, then your business definitely needs customized as well as professional looking invoicing templates that are not only easy for you but also handy for your clients to understand as well. Moon Invoice lets you customize not only templates but also you add logo and signatures.

5) Track Invoices & Get Quickly Paid

To keep calling your clients or customers to check whether they have received the invoice or not and also to keep checking your bank account balance are anti-productive tasks for a business. Since getting paid on time is a crucial factor for any business, Moon Invoice informs you about when your invoices are read and also when you have been paid.

6) Recurring Invoices

There appears to be an irregularity in payments, sometimes from the client or customer side and at others from the vendors. This happens because of the untimely sent out invoices or your clients might have forgotten to pay. To avoid this, now you can set the recurring invoices so as get paid on time without any excuses to keep running your business smoothly.

7) Maintain Cash Flow

Businesses have for ages maintained the records of expense in a spreadsheet which turned out to be consuming huge manual hours of the resources and also not considered to be productive. Moreover, piling up of bills, receipts and invoices are altogether a headache if for some purpose you needed to retrieve any specific transaction. Moon Invoice helps you to organize and categorize them automatically into income and expenses so that you can see your cash flow at a glance.

8) Insights & Reports

Quick decisions are important for business. To arrive at one, you need to know & understand the facts and the performance of your business. Moon Invoice helps you take these decisions with customized and informative insights and reports instantly unlike spreadsheets which take a lot of time to get this task done.

Conclusion:

All this might sound expensive, but in reality, it is not. The online invoicing solution from Moon Invoices comes with a 7 days free trial period to give you a first-hand operational experience and functionality feel of the app. So, we do not see any reasons for you to hold back from giving this push to your business to keep your accounting up to date.

Recurring Payments Vs Recurring Invoices

Recurring Payments	Recurring Invoices
Recurring payments charge the customer’s credit card account or debit card account on a predetermined schedule for the same amount as preapproved.	Send an invoice to your customer on a regular basis. The client receives the invoice but, money is not paid unless the customer approves.
A business that takes prepayment of money and sells a monthly subscription service and product. Subscription services are excellent examples of this.	A company that provides fixed services with billable hours is an excellent choice for recurring billing. For example law firms and consulting agencies.

Pros and Cons of Recurring Invoices

Pros	Cons
You eliminate the possibility of human error by automating the billing process. If you use a recurring invoice, you will not be concerned about forgetting to charge your customers for the things they ordered.	You must exercise caution while recurring billing to prevent issuing inaccurate pricing. This also holds for price changes that could take place right once an invoice is created.
If you provide your customers with the option for recurring billing, they are more likely to buy products regularly.	It could be difficult to cope with recurring invoices if a transaction fails for any reason.

Net 45	Invoice is due in full within 45 days with no early payment discount offered
2/10 net 45 terms	2% discount if you pay within 10 days; otherwise full payment of the invoice is due in 45 days
1/15 net 45 terms	1% discount if you pay within 15 days; otherwise full payment of the invoice is due in 45 days
1/10 net 45 terms	1% discount if you pay within 10 days; otherwise full payment of the invoice is due in 45 days
1/7 net 45 terms	1% discount if you pay within 7 days; otherwise full payment of the invoice is due in 45 days

Category	Net Method vs. Gross Method	Explanation
Calculation Approach	- Applies tax credits first; reduces taxable income before computing tax liability.	- Doesn't apply tax credits; computes taxable income without considering tax credits.
Tax Credit Eligibility	- Allows for greater likelihood of tax credit eligibility due to reduced taxable income.	- Limits tax credit eligibility because taxable income hasn't been reduced yet.
Itemized Deduction Requirement	- Lowers threshold requirement for itemizing deductions due to decreased taxable income.	- Raises threshold requirement for itemizing deductions due to higher taxable income.
Advantages	- Leads to lower taxable income and increases chances of meeting qualifications for other tax benefits.	- Results in higher taxable income compared to net method.
Disadvantages	- May miss opportunity to reduce tax burden if taxpayer doesn't itemize deductions or take advantage of tax credits.	- Increases taxable income and may result in higher overall tax bill.