“Bigger the orders, Bigger the money” – Get all your after deal process with MI app. Retailers, now get rid off all those complicated paperwork of bills, reporting, accounts, and other monitoring work with an easy finance app called “Moon Invoice app” that will make your work easy in just few steps. Subscribe to this app and get your work done. When easy option is available why to worry for anything. Just go create unlimited invoice, estimate, purchase order, payment, time log with iCloud sync feature. More to it, simply check out what this app has to provide you:-

It creates and manage invoices and lets you send unlimited invoices to the client in PDF format allowing you to create invoices for all types like small, medium and large business owners.
It creates and manage products, tasks and taxes, with 22 different varied professional templates for invoice, estimates, purchase orders and payment receipts.
Send PDF email to clients within an app and no other configuration need, also review PDF before sending it to the client.
Options to customize your PDF with different layouts and alignments as per need.
Manage payment with multiple payment options in PDF format and allowed to use up to 2 signatures with name, title and date options.
There is home tab with filter options, quarter view, summary info and instant search to quickly find your desired PDF.
It allows to import contacts from address book.
It supports paypal.
It gives option to convert estimate into invoice and gives account details like due, paid, etc.
Multiple taxes support, calculating total taxes with date filters quarterly.
There are options to set prefix for invoice, estimate & P.O. number eg. INV13002 giving you to set the format.
Also support services and product giving you discounts on products and invoices.
Fully editable titles and captions in PDF format and almost all currencies are supported

Get Free App Download – iPhone and iPad , Mac OSX, Windows Phone and Android

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.