You have got to maintain and professionally present until the last of the business transaction is accomplished. That very last step is ‘invoicing’ and it is your opportunity to leave the last best impression on your clients or customers. You need to make sure that your invoice template is professional, free and easy to use.

Actually, your invoice says a lot about your business and based on the same principle, your customers are going to responsibly make payment for the goods and/or services. Well, this should be your primary criteria but also you need them for the future business and hence, you need to pay utmost attention to your invoice templates. If your clients find it unprofessional or confusing invoice format, they might as well not pay by the due date which will disrupt your business financially. The task of making invoices is tedious and you’ll also need your industry specific to look more relative and avoid irrelevant fields. So how do you look for a right template design for your business and save money at the same time?

Initially, you will need to jot down the basic elements that are pertaining to your business’ requirement such as your company’s name and address, customer’s contact information, description of service and the payment due for the same. Moreover, there are advanced cloud invoicing & accounting invoice generator which also provides the option to add the company’s logo, payment terms and detailed bifurcation of products and services provided.

Once you have the clear idea about your template after reviewing the options, you can choose the most suitable for your business. There are software packages which offer templates, but the package can be quite dear to your pocket. You can even opt to purchase these templates online separately, but as a budding business owner, you would rather cut-down on expenses wherever you can. However, the internet is quite filled with online tools that can help to optimize your business process by providing free invoice templates.

An online invoice maker consists of all the necessary elements to conveniently create free online invoices. Invoice types may vary from particular services, labor, materials invoice, proforma invoice, etc. Well, the said free invoice templates are available in a variety of formats such as HTML, Word or PDF. These online invoice generator also contains some other features which might be helpful insights, reports, inventory, estimates, expense, time-tracking etc. Additionally, some of them also provide an easy drop-down menu for selecting items or services to customize your invoices as per your business needs.

You need to look for an invoicing solution that suits your personal or business needs. You will need something satisfying on the service aspect as well as device compatibility and even pocket-friendly. In such scenario rely on a trustworthy name such as ‘Moon Invoice’. Moon Invoice takes cares of your all kind of invoicing needs may it be large or small.

Following are the immediate ways a business can get benefited from Moon Invoice and could possibly avoid a financial backlog.

Schedule invoicing
Direct invoicing
Invoice any time, anywhere
Organized invoicing system
Ease cash flow management
Manage multiple businesses
Quickly import, export, print, and sync
Create and manage your own custom settings
Manage multiple payment options and many more…

Moon Invoice not only performs essential and mandatory features such as managing invoices, purchase order, credit notes, payment but also puts on an add-on-value with other features like add multiple businesses, manage customers & vendors, manage products & tasks and many more. In short, you’ll need to opt for an online invoicing platform that provides end-to-end services.

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.