The general story with most of the apps is that on one hand they do perform their natural tasks but on the other, they do lack in enhancing, expanding or helping businesses to outgrow merely with capturing the data and metrics of customers and clients. Being a business owner or upcoming entrepreneur, it is impossible to collaborate all the data, reports, statistics and transform it into productive insights that actually make some sense to ease the process and can talk some profitable numbers.
But what if you could do more with data such as a making a regional sales report, demographic usage & statistics or merely a monthly/annually total sales analysis? That’s where the smartest and easiest invoicing solutions in all aspects come to your business life from ‘Moon Invoice’.
We are proud to present you with simplest invoicing solutions from collecting data to simplified business reporting. In simple words, Moon Invoice is capable of formulating all your business data, analytics and intelligently can present you in a way that is not only easier for you to understand but also helps in strategizing your business potential so as to increase your business reach.
Meticulous Dashboards
You can now easily create all-in-one multi productive and customizable dashboards to help you get all the key metrics and data at a glance such as our master summary page that enlists charts, quarter view with quick filters. This feature helps you to increase your business’s performance and surge in client base.
Futuristic CRM
Moon Invoice reporting capabilities go far beyond the excellence because it is integrated with Moon Invoice CRM which helps you analyze invoicing data and helps you take the right decision at right time for your business by keeping track of your customer data and interactions.
Updated Inventory
You can get precise information about the product stocks and its availability using purchase orders and invoices. Moreover, staying updated with this information will always build your business credibility as you would have information beforehand to not fail on your commitments.
No More Delayed Payments
Now you can get account outstanding and payment details with just a few taps. You could also segregate the account statements for customers as well as vendors date wise. Not only this but a list of top customers and expenses with tax summary can be well adeptly managed in the summary report.
Additionally, with the newly introduced Hassle-free sync option, one can access all the crucial information about their business from any device. No more hassle of transferring or gathering data in one place or device. Moon Invoice is the sure shot option for not only small business but also large corporate and enterprise.
Significance:
The significance of Moon Invoice is its ability in features as well as multifarious nature to perform many tasks at hand. Essentially, it empowers customers to better manage their business working environment.
Business
- Supervise specific expense categories against budget
- Conduct trend analysis for cost projections
- Employ fewer staffing resources
- Project usage trends, budget expenditures and rate development
Operational
- Minimize data entry
- Provide a paperless environment
- Optimize usages such as local, long distance and directory assistance review
- Permits more precise service and installation requests
- Ensure security and privacy (data are delivered from a secured Website)
Technology
- Multiple platform application
- Remote support to the desktop for troubleshooting
Business Intelligence
- Generate data that drives business actions, decisions and projections
- Maximizes the value of data by making it available
- Review specific category of charges by the user, product, task or type of service
Conclusion
Moon Invoice could fill in the gap for everything that you might be looking for in an invoicing app for your business and its productivity. Moon Invoice’s versatility precludes with its presence across all devices and platforms such as Mac OS X, iOS, Windows and Android. We urge you to try your free trial available and in return we are sure that Moon Invoice will become your favourite Invoicing app.
Recurring Payments Vs Recurring Invoices
Recurring Payments | Recurring Invoices |
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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 |
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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.
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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.
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If you provide your customers with the option for recurring billing, they are more likely to buy products regularly.
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It could be difficult to cope with recurring invoices if a transaction fails for any reason.
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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. |
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