With recent times, the technological advancements have transformed invoicing into its digital format giving rise to online invoicing. However, there was much to add to the relief upon receiving the showering growth in the online invoicing industry.

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. Advances in technology led to developing online invoicing app mean revolutionizing the power of invoicing and the ways to access it.

Following are the immediate ways to benefit from Moon Invoice and could possibly avoid financial block resulting in smooth operation and profit generation whether for personal or professional use.

1) Save Time & Money

Save your business precious time, money and resources by opting for online invoicing as compared to the traditional methods. Easily manage your company’s cash flow on a periodic basis. Set yourself free from the tedious task of looking, managing and finding old invoices.

2) Access Any Time

Paper-based invoices are hard to store and organize. Additionally, over time they require more attention and care of getting destroyed. With an online free invoice generator, all these worries are left out as you can sort out invoices based on date, transaction id, etc. Online invoices are stored in the chronological order and hence, it’s very simple to find a particular invoice.

3) 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.

4) Fewer Errors & Reduce Costs

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.

5) Settings & Features

Most of these online invoicing applications either isn’t compatible to be streamlined according to the business needs or business owners fail to get maximum benefits out of it because of the confusing custom settings of the software.

Moon Invoice, lets you use custom 22 in-built PDFs, define individual item price, custom layout, expense management, time tracking, etc.

6) All In One Place

The cloud-based invoicing solution provides you with the option to store everything securely in one place. Moreover, you can access data, information and even financial records at any time from anywhere. This also makes the task easier for accountants with permission granted to access certain information from the cloud. This makes collaboration much easier for the company to streamline the process and simultaneously being productive as well.

Conclusion:

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.

All this might sound expensive, but in reality, it is not. The online invoicing application from Moon Invoice comes with a 7 days free trial period to give you 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 much-awaited momentum to your business.

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.