Every company or organization needs to tighten up the loose ends via effective management and administration in order to maximize the profit and boost the growth in all the business aspects. Moreover, a strong foundation is also required for the stable economic growth. Keeping the track of invoices is one such important task that has to be carried out with utmost concentration and clarity to maintain it.

An invoice or a bill which is a commercial document of proof of purchase or transactions of products and/or services from a seller. It usually includes details of the product, goods quantity, agreed price, date, time & delivery as specified and issued by the vendor to a buyer. The invoice also states the necessary payment terms sometimes solo or mutually agreed upon by both the parties to avoid any misunderstandings and conflict for the smooth trade.

Hence, proper management of record keeping of invoices is must for any organization as a part of the audit report and can act as legal proof of transparency in case if any legal conflict arises with authority. The whole process of invoice processing is very tedious and at times confusing. Since the invoice contains all the details and especially numbers related to the transaction, it becomes quite complicated to manage it on paper which implies more possibilities of errors happening in the process.

Moon Invoice, designed and developed to simplify the invoicing process for small, medium and large businesses. It has highly advanced feature-set, fully automated invoicing processing that helps companies to be more efficient & productive. Invoice processing via Moon Invoice is done with maximum accuracy and removes any such probable errors associated with manual entry as it supports recurring invoices and many such other features. Cloud-based invoicing from Moon Invoice presents amazing solution as you can send and receive invoices anywhere, anytime as long as your smartphone is connected to the internet. It is quite obvious that manually feeding details into invoices may lead up to errors with a busy business schedule. It could also happen while processing tasks such as paid or unpaid invoices or if the payment was made offline. Cloud-based invoicing allows you to automatically input information saving you administrative time and costs.

Moon Invoice is a smart invoicing solution provider which requires no special skills to manage and is therefore very simplistic to operate. Moon Invoice has been upgraded from time to time with latest developed features. Moon Invoice is available as a mobile application that is compatible with various smartphone devices and can be accessed & managed anywhere at any time with ease.

Most of the businesses can benefit from several feature-functions but the most important factor to look for in an invoicing solution with most up-to-date details, including payment status, payment history, and a Pay Now button for accepting payments online. This turns out to be equally important for both vendors and customers as none of them would receive bad credit as the invoice and payment will be transacted without any delay.

The future of e-invoicing includes more aesthetic, holistic and customized services for buyers and suppliers. However, if all the industry players could rise to the obstacles then a universally crafted solution comprising of automated, secure, reliable and cost-effective practices could be established that will strengthen economies throughout the world.

Moon Invoice mobile app is available for iOS, Mac OS X, Android , and Windows. Download our free app today and leave all your invoicing worry with us. There is a 7-day free trial period for you to try before you buy!

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.