In point of sale type businesses such as online stores, retail shops and restaurants, customers pay for their purchases immediately. But if your business is operating on an invoicing system, you will generally need to extend a credit period from 30 days to 90 days to your customers.

There are various reasons when client refuses to pay contractor: Perhaps the customer lost his bill, or some other unexpected expense was incurred or the customer can’t afford to pay the bill on the due date. Whatever the reason is, an unpaid bill will usually hurt your business and eventually you will be compelled to take an action to receive your money.

After the due date for the payment passes, you might get tempted to call up a collection agency at the moment, but doing so instantly might upset or threaten your customers right away. If you want to deal with this kind of problem where client refuses to pay, you should definitely resort to Moon Invoice pro app.

Being straight forward does not mean being aggressive. If your client is refusing to pay invoice, moon Invoice pro app helps you in recovering your money by offering the advantages mentioned below-

It is a very simple and hassle free invoicing app which will keep on reminding you to generate, manage as well as track your invoices while maintaining good and cordial relationships with your customers. Online billing made easy with this app.
With so many tasks on plate, you tend to forget sending timely invoices to your customers. Moon invoice pro app helps you in tracking your purchase orders and is a free invoice generator.
Moon invoice pro app helps you in accepting payments from your customers by various online payment options, which makes it very convenient for your customers to pay their bills anytime and from anywhere.
In addition to this, moon invoice pro app helps you in knowing when the recurring expenses and invoices become overdue, so that you will never miss your due payment!
The charts or graphs from the bar view will let you know the quarterly expenses and revenues as well as the invoices which are to be paid, that are drafted or overdue. Moreover, these reporting capabilities will help you in taking the right decision at the right time for your business concern.
With the help of the moon invoice pro app, you can get the details of the customers and time logs that are on the go.
You can also bring in discount on the in-+voices or items after you have received the account outstanding payment details of your customers.
Last but not the least, you need not always be online for managing your delayed customer bill payments and send them recurring invoices, you can also do that offline on moon invoice pro app!

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.