For your regular clients, invoicing becomes an everyday task and repetitive as you are aware of the trade and the business commodity involved. Hence, you are well adept with the invoicing details and fields that need to be taken care of while billing them. Overall, the invoicing process becomes easy over a period of time but it also becomes time-consuming. This is why it makes perfect sense to opt for a service that has a ready invoice template to balance work and time.

It is obvious that the great and organized looking invoices does project a professional attitude in your work but more importantly, it will save you valuable time without any hassle. Once in the flow, each of the invoices becomes standardized ultimately resulting in similar layout and format of invoices which makes the task easier for accounting and tax processing department. The goal here is to make your invoices look easy to understand with the clear format but at the same time, they should also be looking attractive and elegant.

In general, a standard invoice maker will include all the necessary details and contains all the fields to create a comprehensive invoice. Templates are also made to include your company details such as business name, address, logo, contact information, etc. You can keep more than one detail such as email, fax or phone number but all you need to make sure that the template doesn’t look overcrowded with all these information and also comply with the template design. With these details in place, clients can easily recognize that the invoice is from your business place. This will also accelerate the payment process, documents filing and other admin tasks.

Speed is of the essence here to balance the business cash flow while maintaining a professional approach as well. The core reason for adopting a readily available template is to go through with the overall invoicing process without having to compromise in quality or shortcutting professionalism. At this point, you’d find an invoice template to be very much helpful to your business.

Now, the biggest challenge remains is to rely on which invoice service provider? To begin with, there are many websites offering downloadable invoices in different formats such as excel, word, PDF, etc. and many of them are also rendering the service via mobile applications. Some of them are free to trial while others are straight away paid services. More or less, it’s a matter of you get what you paid for. The invoicing platform that is free comes mostly in the basic range and with limited functionalities, whilst others, already ready with formulas which perform calculations, suitable for larger businesses, corporates & government institutions. These are usually downloadable at a small fee.

The best way to look for a decent invoice template is not to fall for the first ones that come up in the web search. The optimum way is to first of all check and list down your requirements as per your business needs and the match is with the best option available with on the web. The other way to go around is to go by the expert’s advice.

You should look for an invoice generator that could not only initially offer you varying invoicing template option but also helps you with other accounting functions so as to ease your overall business operation.

Look no further than Moon Invoice, as it lets your business be on top of the competition with Instant Invoicing & Billing, an Easy track of Payment & Notifications, Accurate Insights & Reporting Data. Few amazing add-ons with Moon Invoice are that you can add & “Manage Multiple Businesses”, “22+ Professional PDF Templates”, “Import/Export & Print Utility” and data backup “iCloud sync & MoonSync support”

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.