The one thriving department of any company is the ‘Sales Team’. The effectiveness of a sales team can be measured from its sales performance stats. When the sales figures are not optimum, it is believed to be due to negligence and other parameters. When you actually dig the problem, it is quite clear that the inefficiency in the sales team is because they are not structured to enhance productivity.

The remedy to this solution is, of course, lie in the organizing team structure internally to increase sales figures and grow revenue. The solution for directors, managers and sales team is to rely on a promising small business billing app to do the job so as to be on the path of business success.

To this date, it has been observed that majorly freelancers, startup entrepreneurs and small-cum-midsize businesses have gained a lot by adapting to a professional invoice app. Below are the few ways mentioned to increase your sales team’s performance and productivity.

The Time Is Always Ticking

Time-tracking is crucial and imperative for any company to keep an eye on in order to improve the efficiency & productivity of the sales team. The enhanced feature of small business billing app allows you to capture time log for every task including your visit to the client for lunch. You need a billing app that can track time as well as let you create & manage projects. Choose the one that lets you set multiple billable charges and keeps accountability of every minute.

Automate Small Tasks

A considerable amount of time can be saved by automating a few daily or monthly regular tasks. Invoice estimates tool can certainly come to rescue by helping to automate frequently repeated actions. Recurring invoice option, adding multiple businesses, selecting and setting a template design for a specific client, etc.

Sales Analytics

Sales metrics are a great way to learn about your sales team performance. Pinpointing a few areas that need to be worked upon will lead to improvement in your business. One summary page for all, product inventory & charts, account statements, etc are the feature set that could definitely boost the sales revenue and growth for the company.

Import, Export & Print

Perform smart functions and extract data by import/export to keep your sales team always updated with the valuable information. Merge data and do further analysis to get a better hold on the sales figures. Additionally, get more information through several reports such as customer report, expense report, payment report, profit report by product. The print feature can help you to take a print of reports, invoices, estimates, purchase order, etc.

Exercise Sales

One of the prominent ways to increase sales & boost the growth of the company is to make sure that the sales team is taking proper rest. Everyday work stress has been associated with the low performance of the sales team due to increased stress and pressure involved in their key job responsibilities. Exercising your body gives you mental alertness and helps in overall well being. Moreover practicing your sales pitch can also add an added advantage to the entire process.

Concluding Note:

Moon Invoice lets your business be on top of the competition with Instant Invoicing & Billing, an Easy track of Payment & Notifications, Accurate Insights & Reporting Data. Few amazing add-ons with Moon Invoice are that you can add & “Manage Multiple Businesses”, “22+ Professional PDF Templates”, “Import/Export & Print Utility” and data backup “iCloud sync & MoonSync support”.

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.