Managing bookkeeping is potentially very significant in driving business growth. As a matter of fact, every business especially if it is a startup or individual business owners such as solopreneurs, their time is spent on most of the small tasks and it becomes very hard for them to keep track of each. However, there are other factors also which can be accounted such as delayed approval, slower data entry, missed discounts and storage costs results in widening the pay process and hence, possess more risk for an organization.

At this point, it becomes mandatory for any organization to look for an alternative solution that could not only enhance the process but also puts you in charge to control it.

The only thing that rings a bell is ‘Cloud Invoice Processing’ system. It helps you to reap profits faster as your business is structurally organized. This cloud-based online invoicing and accounting has now become an essential part of the process without having to invest much in training and other external hardware and software installations. Most of the time, one can avail online invoicing services on a subscription basis or pay-per-use service.

Let us shed some light on the benefits of using cloud invoice processing listed below:

1) Invoice cloud processing helps companies in saving money by cutting cost on ERP and other related training. Moreover, it gives users a pocket-friendly solution for all their accounting related processes.

2) It is instant and reliable and hence, reduces the time in collaborating time with your supplier.

3) It also increases IT capabilities via immediate data processing over the web.

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.

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.

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

Bill in any currency
Multiple payment methods
Taxes and discounts
Manage credits easily
On-time payment, every time

Additionally, Moon Invoice 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”.

All this might sound expensive, but in reality, it is not. The online invoicing solution from Moon Invoices comes with a 14 days free trial period to give you a 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 push to your business to keep your accounting up to date. You can also learn more about ‘Instant Payment Boost For Your Business From Moon Invoice’ by clicking here.

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.