More often than not it is a big conundrum about not knowing, what went wrong? If we actually go down this lane there could be hundreds of reasons. But let’s rather focus on the other way round like a successful way to convert your potential contact into a customer. It is a known fact that your first impression could really make a difference. It could be a meeting in-person, a telephonic conversation or even a document such as an estimate.

An estimate carries an immense value as it can win or lose you the job, may it be a supplier, vendor or any other client. An estimate is the first and the most important document for your client as it gives him a clear picture of all services. You need to efficient and precise in presenting the estimate as they may be holding estimates from your competitors as well for the same job or work. A transparent and a well-designed estimate will provide them peace of mind. We have drafted a list for easy understanding so as to create a professional invoice estimates that will win you the job.

Erase Manual; Go For Digital Format:

Sending your clients an estimate digitally projects that you are tech-savvy and likely to use latest and updated tools and include best practices on the job. It also relieves them about worrying from any such mistake as they can rest assured that it is going to be a professional and free invoice maker. Moreover, you can create and send an invoice via email in just minutes after your initial meet or talk with the client. This also leaves you with the best chance to seal the deal.

Have A Detailed Approach:

The estimate evaluating period is also best for you to establish trust and show transparency. This will help your clients to know beforehand not to expect any discrepancy or surprises with regards to money or services. Hence, it is utmost necessary to be precise and provide itemized information. Separate labor and parts cost and any other to present a neat and easily understandable estimate. Also, mention if any additional hours or hourly rate for the specified service. Keeping a transparent approach helps your clients to entrust you immediately.

Additionally, a small business billing app that could help you with inventory, customer, purchase order, payment, expense and ultimately profit reports should be the given the priority. Insights & Reports go a long way in maintaining & managing business productivity and boosts the financial growth of the company.

Provide Brand Association:

Industry accreditation and accolades matter most to the clients. Your industry related involvement and recognition could actually work like a miracle for you. Online invoice generator allows the option to not only customize your invoices but also you can add the company’s logo so that your clients can associate with your brand.

Moon Invoice, designed and developed to simplify the invoicing process for small, medium and large businesses. It has highly advanced feature-set, fully automated invoicing processing that helps companies to be more efficient & productive. Invoice processing via Moon Invoice is done with maximum accuracy and removes any such probable errors associated with manual entry as it supports recurring invoices and many such other features.

Moon Invoice mobile app is available for iOS, Mac OS X, Android, and Windows. Download our free app today and leave all your invoicing worry with us. There is a 7-day free trial period for you to try before you buy!

Summary:

It is clearly hard to predict as to what kind of changes your company or organization might go through in the coming years, but you can maintain the balance and seamlessly progress towards by choosing Moon Invoice – a professional invoice solution that will evolve with and support your enterprise as you grow.

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.