The best thing about a startup is its energy. For most of the part, everything has to move quickly, may it be the meeting with a client or doing the inventory or sending invoices. Startups are usually so much focussed on acquiring new businesses and work to keep them going for another couple of quarters. Seems fair from a perspective to keep the business running, however, it is also important to pay attention to the cash flow. Of course, one cannot neglect the importance of incoming cash and its superfluous impact on the company as it manages all the expenditure, incursions, salaries, etc of the business.

Moreover, just by adapting to any invoicing system in today’s day and age is not going to cut it. Hence, you’ll need a professional invoicing system that not only eases your clients’ task to pay in a jiffy but also addresses your work ethics and showcases your brand identity. A general survey revealed that customers welcome invoices sent through email or online rather than received manually through post or mail. Even more so they loved it when they could just pay for the invoices online rather than to mail the check in. Before abiding with any of the regular invoicing systems, take a look at the below-mentioned points to have it in your chosen invoicing services.

1) Professional & Brand Identity

Online invoices enhance the appearance of your invoices making it look more professional and addition of signature, logo, etc allows your customers to associate with your brand.

2) Increased Productivity & Time Management

Startup entrepreneurs are always facing a time crunch due to lots of things in their everyday schedule. The best online invoicing app will allow saving time by creating & sending multiple invoices quickly.

3) Get Paid Faster

Balancing cash flow is necessary to survive for small businesses and hence, an invoice generator that can get you paid faster 2x faster is needed. Opt for an invoicing solution that offers multiple online payment methods to clients and customers.

4) Keep It Organized

With all your invoicing on the go, you can keep track of everything right from your smart device. Additionally, manage all reports, financial insights for analysis all at one place and pull old records whenever you wish.

5) Cost-effective & Customer Relation

With a small business billing app, you can cut down your cost on paper, envelops and postage stamps. Automating your invoicing tasks lets your draft invoices in no time. Also, you can attend to your client’s needs at any given point of time from any corner of the world by accessing your invoicing app from desktop or mobile. It also saves you time and money over manual cheque deposit and cash collections.

One of the key advantages of opting for the best invoice estimate app is that you can send accurate invoices without any errors. Keeping a transparent billing process, a professional appearance and positive reinforcement is utmost necessary to keep customers happy. This will result in managing better customer relations.

Concluding Note:

In the end, transitioning to the cloud-hosted invoicing generator is a viable option and a big step but on the contrary, it also helps saves you time and money. If you are considering to simplify your accounting and invoicing process and get rid of tedious paperwork, then the best option for you to consider is Moon Invoice.

Following are the immediate ways a business can get benefited from Moon Invoice and could possibly avoid a financial backlog.

Schedule invoicing
Direct invoicing
Invoice any time, anywhere
Organized invoicing system
Ease cash flow management
Manage multiple businesses
Quickly import, export, print, and sync across multiple devices
Create and manage your own custom settings
Manage multiple payment options and many more…

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.