Your business needs a proper reporting system that provides timely updates, insights, and reports that shows how your business is performing over a period. It is the part and parcel responsibility of every business owner, whether running a small/medium or an entrepreneurial firm to keep checking on the crucial elements that need to be included in the invoices.

Invoice Design

At Moon Invoice, we have created professionally designed invoices that suffice all the information required by the client in a clear format with the option to customize your invoices suitable to your business identity. A neat and tidy invoice can leave a lasting professional image of your brand.

Multiple Payment Options:

Offering and accepting a range of payments gives clients more options and also benefits your business as it leaves lesser chances for them to avoid making payment on time. For e.g, Moon Invoice, an online invoicing app offers the simplest solution in such scenario by providing multiple payment options to its customers.

Strict Payment Terms:

As we all know that some people are just meant to be either late or late in completing tasks may it be late to work, not punctual to attend social functions or merely late to make a payment. In such a scenario, adjusting your payment terms or re-negotiating the deal and getting it down from 30 days to 15 days might help you to receive payment on-time.

Small business owners have often got a lot more on their plate for the initial few years. In such instances, it is always suggestive to automate the entire invoicing process for efficient working. Nowadays, businesses can directly opt for invoicing services by adopting ready-made software which can perform and excel all invoicing related tasks rather than to build such tools which are neither cost-effective nor time-saving. One should opt for services that are affordable and have features & functionalities that could propel your business by getting you paid faster.

Here’s the list of few handy payment invoicing features offered by Moon Invoice:

1) Multiple Payment Methods

Add preferred payment processing channel for faster payments which improve your business cash flow. Also, get the benefit of PayPal button support.

2) Recurring Invoicing

Leave no room for error! With recurring invoices quickly generate daily, monthly or yearly invoices and also get a reminder about overdue invoices.

3) On-time Payments, Every Time

Always know beforehand about invoices & expenses becomes overdue. Easily automate payment reminder and get paid on time.

4) Bill In Any Currency

Speak in your clients’ financial language with multiple currency options available. No obstacle to doing business by selling products or services overseas.

In a Nutshell:

Moon Invoice can be an integral part of your business with not much hassle. Quickly generate recurring invoices, easily view and send account statements, offers multiple currencies & payment methods, track your expenses, print activity log and reports and many more to keep your business not only up to date with your clients’ payment but also to ease your all the daily invoicing tasks.

Moon Invoice can be an integral part of your business with not much hassle. Try Now! Click here to download the Moon Invoice app for Mac OS, iOS, Android and Windows.

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.