With further development in billing and accounting process, it is not now required to install software on your local device and nor have to follow set up the process as per the individual business category. Moreover, now you can perform all the invoicing tasks and billing functionalities with online invoicing applications.

Online invoice generator seems to be a more preferable option when it’s time to send out a bill. E-billing has proven to create the best engagement between businesses and customers. The biggest advantage of the cloud-based invoicing software is that it allows accessing information 24/7. Customers are well aware of such benefits and prefer to opt for online services via online invoicing apps.

A small but smart investment in a proper invoicing system will not only save you time but also helps your business grow. Moon Invoice has everything that you need in an app. Moon Invoice, truly, is an integral part of your business with its marvelous functionalities and immaculate features.

– Simple Invoices, Quick Billing & Easy Credit Notes:

Manage invoices in no-time with built-in PDF creation. Set yourself free from handling tax overheads.

– Transform Estimates & Purchase Orders:

Check status and instant search/ filter option available. Quickly convert estimates in invoices. Pre-set statuses like approved, on hold, etc. for estimates/PO.

– Efficiently Handle Customers & Vendors:

Platform to expand the base of business from a mobile device with increased visibility to global customers & vendors. Mobile responsive integrated design.

– Add Multiple Businesses:

Facility to add multiple businesses. Perfect for busy business owners. Can use up to to 2 different signatures.

– Payment & Time Tracking:

Accept online payment with PayPal. Payment in multiple currencies supported. Add bank details in company settings. Capture time logs using a time-tracking function.

– Manage Products & Tasks:

Auto/ Manual calculation of product stock on invoices & PO. Built-in timesheet that streamlines your projects/ tasks.

Small business owners have often got a lot more on their plate for the initial few years. In such instances, it is always suggestive to automate the entire invoicing process for efficient working. Nowadays, businesses can directly opt for invoicing services by adopting ready-made software which can perform and excel all invoicing related tasks rather than to build such tools which are neither cost-effective nor time-saving. With online accounting application, the most crucial aspect is data security. One should opt with the services who use safe architecture, follows security protocol, ensures safe data transmission and encrypted servers. These are the quick hacks to check and prefer the online invoicing app as per your need. Also, make sure to check that the services are using an HTTPS connection.

Moon Invoice, a professional invoice generator is a simple yet elegant cutting-edge online invoice service providing the platform. It presents immense benefits to clients or customers in terms of creating invoices, estimates, purchase order, tracking time and expense and many more.

There are many other handy advantages of the Moon Invoice mentioned below:

– Bill in any currency

– Multiple payment methods

– Taxes and discounts

– Manage credits easily

– On-time payment, every time

Concluding Note:

Moon Invoice is a must app for any budding enterprise may it be small, medium or large. A small but smart investment in a proper invoicing system will not only save you time but also helps your business grow. Moon Invoice has everything that you need in an app. Moon Invoice, truly, is an integral part of your business with its marvelous functionalities and immaculate features.

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.