It is common and everybody knows that invoices are generated upon completion of work or service. But moreover, it is amazing to know that invoices could also boost the sales for your business. Furthermore, in this informative blog post, we will see how an invoice can help generate more sales for an organization.

Small and medium business owners can promptly utilize their invoicing system in a smarter way to produce more sales.

Following are the few amazing invoice features to help you get more sales and in turn more profit:

1) Feed Business Details:

Often businesses are missing out on this small detail to mention on invoices. Of course, when it comes to invoices, everyone is majorly concerned about the payment that is due for the product and/or services which are already rendered. Hence, they don’t find it necessary to include business address on the invoices as all the rest of the pertaining details are mentioned. But how adding the business address can help in sales? Many at times customers have after sales query regarding the product, invoice, items, etc. which goes unnoticed as the seller has received the payment and moreover, the customer couldn’t find the business address on an invoice. Putting this detail helps the customer to contact you and there lies a chance for your provide after sales service to generate future sales and build & maintain professional relationships with them. A well designed and multi-productive online invoice maker can eliminate all the worries.

2) Consignment Number:

This is beneficial to both parties as with the help of consignment number, a customer can track the order status which is present on the invoice and remains same from the moment it has been generated on the purchase order from the seller side. Most importantly, a seller can find out whether the payment is made or not with the help of consignment number and customer can check whether the product has arrived or not. Based on the trade status, the seller can send a message to the customer to make the payment. It’s the best way to further leverage the cash flow for any business. The promptness in the service definitely generates the future sales for the company.

3) Item List:

Item list along with the description of the product or services provided can go a long way in the invoices. As on the usual basis, these details are checked twice by the customer upon receiving the invoice and also often tallied with the billing amount. Not providing up to date details could result in creating a negative impression of the business. However, a detailed and itemized invoice can encourage to always opt for your shop or business to fulfil their requirements.

4) Mail Invoice:

In a perfect world, payments from customers will be delayed or missed from time to time. As an efficient business owner, you can send online professional invoices to customers will help you to get your payments on time. Moreover, recurring invoice features from the best online invoice generator can save all this trouble. This feature can save a lot of time of the accountant to find past due payments. Online invoice maker helps you to send invoices directly to customers which also in return helps you get paid on time.

In a Nutshell:

Moon Invoice, a simple and easy online invoicing platform can streamline your entire expense management process with its ‘Payment Simplified’ feature. The feature can help you optimize, organize and can help you to take necessary action to get you to up to speed in terms of payments. There are many such online invoice software and solutions provider. But the best & #1 online invoice generator is Moon Invoice.

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”.

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.