For few, the life is surrounding invoices, tasks, more invoices and estimate requests and more tasks. You do get the picture that I am trying to portray here, right?

Well, the point is that with all such paperwork for a day takes which undoubtedly eats up a lot of time but you still couldn’t do much about it. Or can you? Yes, there is a better way.

The solution is online invoicing and cloud accounting apps that could not only bring relief to the business productivity but also contributes a lot to financial tasks, all at one place. Contrary to many beliefs, online invoicing is perfect for small business owners, freelancers, and entrepreneurs.

One great benefit of opting for such online billing or invoicing solutions is that they are very simple to use that you don’t have to be a computer expert in order to accomplish your tasks. There isn’t any tech specification that you need to have or install on your computer as long as you have an active internet connection and browser. Some of them are even available on mobile devices which seems to be well suitable even while you are on the go.

You can easily keep a track of invoices, expenses, reports, etc through interactive dashboards and also offers other important information at one place. All of your recent activity is available along with the current data on product inventory, etc. A simple user interface such as clear menu bars listed with defined sections and more useful functionality can also further boost the productivity. Invoices and estimates can be customized to accommodate the task at hand or can even opt to copy a previous invoice. With such invoicing solutions, one can easily keep a record of all business expenses and can straight away invoice clients for the same.

Moon Invoice is one such platform for your business which can provide you with cutting-edge features to not only cut-down manual hours of tasks but also increases productivity and helps to manage professional long lasting clients relations. A successful business is not only built on new clients but also on repeat clientele. Moon Invoice provides simple online accounting solutions suitable for every segment of business owners. Seamlessly provide estimates, set up recurring invoices and create new tasks.

The best part is that one can even change any title in the application and customize to suit the personal need of the business. This works great for SMBs, corporates, institutions, entrepreneurs, startups, solopreneurs, freelancers and for everyone. Say for e.g, lawyers can change the task to “case”; caterer can change to “event”, artist to “Portfolio”, etc. You could even add your logo, multiple companies, and many more features to keep your business’s invoicing/billing process optimized. Easily sync to import your client list from your existing accounting software or even from your address book.

Another great support from the app is to have all your data safe and secure in the cloud storage account which can be easily synced to make your business operations smoother. All of your accounting reports such as profit & loss statements, expense reports, payment collected reports can be accessed in no time and this feature is of even more helpful if you are working on projects.

When it comes to payment that whether clients or customers are conveniently able to pay for invoices online, Moon Invoice is not left behind. Moon Invoice is offering its intelligence services to customers to use it to get paid within minutes and also lets you peek into some of the other marvelous payment, notifications, and time-tracking related features.

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…

All this might sound expensive, but in reality, it is not. The online invoicing solution from Moon Invoices comes with a 7 days free trial period to give you a first-hand operational experience and functionality feel of the app. So, we do not see any reasons for you to hold back from giving this much-awaited momentum to your business.

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.