Paper-based invoices are hard to store and organize. Additionally, over time they require more attention and care about 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.

With recent times, the technological advancements have transformed invoicing into its digital format giving rise to online invoicing. Now for us maybe it has become a day-to-day activity but if we were to take a closer look at the history of invoicing, we are sure to unravel many faces of it. So let’s dive deep to find out about more about online invoicing.

Invoice/Bill documents are supposed to be easy to read & understand. As their prime objective is to define payment information accurately and effectively. Not mentioning the invoice amount clearly will result in delay and errors which comprising will create business cash flow problems and a dissatisfied experience for your clients.

An amazing go-to handy invoicing app is favored by industry professionals as well as entrepreneurs which allows them to have insights into a financial report on a summary page. In addition to that billing & payment, estimates, invoices, expenses, time tracking and many more in one place. Businesses not adapting to the current online invoicing system is going to find themselves left behind as more and more customers, clients, suppliers or vendors are getting accustomed to digital invoices and related modern payment processing.

An online invoice maker consists of all the necessary elements to conveniently create free online invoices. Invoice types may vary from particular services, labor, materials invoice, proforma invoice, etc. Well, the said free invoice templates are available in a variety of formats such as HTML, Word or PDF. These online invoice generator also contains some other features which might be helpful insights, reports, inventory, estimates, expense, time-tracking etc. Additionally, some of them also provide an easy drop-down menu for selecting items or services to customize your invoices as per your business needs.

For business who are following traditional accounting and billing method, requires lots of resources, such as to pull reports, change numbers & edit data, input new information, etc. If this is the scenario, you should opt for online accounting and invoicing software. Usually, small business owners or startup owners work with limited team managers and an online invoicing platform could be highly useful if the team can access it on multiple devices. Hence, look for a complete invoice generator which could facilitate ‘multiple-device-data-compatibility.

Moon Invoice has come up with the comprehensive online accounting & billing solution that connects small businesses to their accountants, Bookkeepers, banks and other online business software. Over the years, Moon Invoice is successfully able to pave the way for our customers to directly connect with their customers and suppliers or vendors so as to carry all the invoicing related business operations seamlessly.

Following are few of the handy advantages of Moon Invoice:

Manage Invoices & Credit Notes effortlessly
Administer seamlessly Estimates & Purchase Order
Smart Filter option with 22 Professional PDF templates
Save time with auto invoicing numbering and avoid any critical financial data entry error with iCloud Sync feature
Manage Separate Customers & Vendors list
Track expense and payments
Add unlimited companies
Smart Quarter and Summary view
Create custom invoices with the option to add 2 different signatures, name, title, and date
One touch Backup & restore option with TouchID Protection
Customize PDF layouts, alignments, image, color and format

May it be iOS / MacOS or Android or Windows, Moon Invoice works brilliantly and smoothly on any platform maintaining the uniformity while simultaneously also staying productive for you to access anytime-anywhere even while you are on the go.

If you would like to know more about “Instant Payment Boost For Your Business”, then you can check our blog on the same here. Let Moon Invoice app take care of all your invoicing worries. Go for “Try Before You Buy” option to avail 7 days of FREE TRIAL!

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.