With the widespread usage of Online Invoicing in place, there are plenty of ways a business could not only improve the efficiency but also with the rich feature set and functionalities these businesses can also enhance productivity, hence, contributing to the growth and success.

Most of the businesses can benefit from several feature-functions but the most important factor to look for in an invoicing solution with most up-to-date details, including payment status, payment history, and a Pay Now button for accepting payments online. This turns out to be equally important for both vendors and customers as none of them would receive bad credit as the invoice and payment will be transacted without any delay.

Businesses have to be productive and efficient and hence simplified tasks such as easily generated payment receipt in PDF format and built-in PDF invoice generator are considered as a boon. The easy acceptance of payment online with just a tap of a button has dramatically put the paying process on the fast track. Since the resulting outcome was faster and simpler, both businesses and customers seem to mutually benefit from it.

In addition, with the added feature of payment and time tracking, it is now more than ever easy and simple for businesses to know beforehand about the outstanding and overdue payments. This helps businesses to get paid faster. Online invoicing merged with mobile creates a cutting-edge integrated invoicing solutions. This trend has led the internet fundamentally change the way accounting for small businesses are carried out. Online Invoicing has gained popularity among all sizes of businesses & industry and became a standard feature of all accounting & billing needs. Both businesses large and small will be electronically connected and hugely benefited from this.

Moon Invoice has come up with the comprehensive online accounting & billing solution that connects small businesses to their accountants, Bookkeepers, banks and other online business software. Over the years, Moon Invoice is successfully able to pave the way for our customers to directly connect with their customers and suppliers or vendors so as to carry all the invoicing related business operations seamlessly.

Following are few of the hand advantages of Moon Invoice:

– Manage Invoices & Credit Notes effortlessly

– Administer seamlessly Estimates & Purchase Order

– Smart Filter option with 22 Professional PDF templates

– Save time with auto invoicing numbering and avoid any critical financial data entry error with iCloud Sync feature

– Manage Separate Customers & Vendors list

– Track expense and payments

– Add unlimited companies

– Smart Quarter and Summary view

– Create custom invoices with the option to add 2 different signatures, name, title, and date

– One touch Backup & restore option with TouchID Protection

– Customize PDF layouts, alignments, image, color and format

May it be iOS / MacOS or Android or Windows, Moon Invoice works brilliantly and smoothly on any platform maintaining the uniformity while simultaneously also staying productive for you to access anytime-anywhere even while you are on the go.

If you would like to know more about “Instant Payment Boost For Your Business”, then you can check our blog on the same here. Let Moon Invoice app take care of all your invoicing worries. Go for “Try Before You Buy” option to avail 7 days of FREE TRIAL!

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.