Cash flow management is extremely important for the self-employed individuals and small businesses. But planning of cash flow can become cumbersome, especially if you are not an analytical person.
So how do you start? You can now start with the invoice management services of Moon Invoice app!
The very first step in predicting your revenue and managing the cash flows should be to understand your expenses. Then, the second step involves forecasting of the sales. Both short term as well as long term revenue predictions can be made by the Small business owners.

How moon invoice will help you in managing your cash flow

Now that you have prepared a revenue forecast report and you have also set goals for your business concern, it is time to ensure that you are financially sound to achieve your business goals. More than 50 per cent of the Cash flow managers claim that they are experiencing cash flow statement management issues which might further lead to other challenges. To avoid these business cash flow issues that are preventing you from completing your work- or causing a complete business failure, Download the Moon invoice app immediately and follow these simple steps mentioned below

Immediately invoice your clients with the Moon invoice

You will never get a payment from the client till you send them the bill for the work that you have completed. Never let your unpaid invoices pile up. Create all your invoices and accept the payments from your clients’ right through your cell phones with Moon Invoice mobile app. The quicker you invoice, the sooner you will be paid by your customers.

Track your invoices

Moon Invoice app creates a reliable invoice track system which is very easy to manage and implement. If you are disorganized, you surely do not want your clients and your payments slipping away. With Moon Invoice, the best Revenue manager app, reports will be automatically generated so as to keep track of your business unpaid invoices as well as how well your business is performing. You can easily keep track of whenever a customer views his email with the invoice. This becomes extremely useful when it is time to follow up.

You get paid well on time

Most of the people today are carrying debit and credit cards with them rather than using cash or check books. In fact, most of the customers will not work with you if they realize that you do not accept cards. Manage your business cash by accepting debit and credit cards for greater customer affinity.
Use Moon Invoice processing app online payment features, and accept debit or credit cards of your customers through invoices. Easy Mobile payment methods can be started instantly, just in a matter of minutes with Moon Invoice.

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.