The need for solopreneurs or freelancers isn’t much when it comes to presenting either too many invoices at the same time or being able to satisfy an invoice with in-depth details. Yes, it’s good to have one but it is not a necessary one, unlike small and medium business owners. These and the startup owners majorly deal with an equal or higher level of clients or customers wherein they have to pay utmost attention to details when it comes to payment terms or listing detailed items and services or merely to have a professional look just to impress your clients.

While on the contrary, when it comes to large business houses and corporates; their accounting and billing is already sorted with either integrating their current system to upscale as per their need with a professional online invoice estimate app or software. Hence, it has always been the case wherein, the needs of invoicing of such small & medium business owners are often not taken into account. What matters the most to them in terms of latest features and functionalities are always overlooked. But in such a scenario, what is the best option for them? As they can’t go back to old, tedious and error producing manual invoicing…paves the way to adapt to a small business billing app.

These online invoicing applications can look beyond the basic needs of suppliers, vendors, consultants, contractors, and small business owners to help them create professional invoice estimates. A few of quick benefits that these offers are easy GST compliance, automating the process, real-time data, access anywhere, all in one place, efficient & accurate no installation, cloud support and many more. You can opt for an online invoicing app such as Moon Invoice, which is favorite amongst startup, SME and large enterprises for its amazing features & functions. You can opt for a free invoicing trial period to enjoy Professional Invoice Template, Print, Sync with iCloud, Add Multiple Businesses and many more.

It is very imperative for you to mention clearly in invoices so that your clients understand what they are paying for? Or what are the services they opted for and their respective fee or charge for the same? Having unclear line items or units mentioned poorly will confuse your clients and also delay the payment. It is better to keep less back and forth over the invoices to maintain seamless relation with your clients.

Tired with everyone having different data for the same account? Moon Invoice lets you sync & access data across multiple devices even while you are on-the-go. Moreover, Moon Invoice can easily be accessed and download for all the major platforms such as iOS, OS X, Android, Windows, etc. It is a must app for any budding enterprise may it be small, medium or large. A small but smart investment in the free invoice generator will not only save you time but also helps your business grow. It has everything that you need in an app. Moon Invoice, truly, is an integral part of your business with its marvelous functionalities and immaculate features.

There are many other handy advantages of the Moon Invoice mentioned below:

Bill in any currency
Multiple payment methods
Taxes and discounts
Manage credits easily
On-time payment, every time

Conclusion:

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 reason for you to hold back from giving this push to your business to keep your accounting up to date.

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.