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There was a time when you needed a desktop or laptop to create an invoice, save it as a PDF, and email it to your client or customer.. Invoicing software has changed all of that, especially for small- and medium-sized businesses that rely on invoices to not only bill customers or clients but also keep their finances in order.

With remote work becoming more common, invoicing software companies are developing mobile apps that enable teams to stay on top of their billing processes while they’re on the go. Mobile invoicing enables users to create, send, manage, or organize invoices through a mobile app. In most cases, these apps offer features that complement those provided by online invoicing platforms on desktops and laptops like a mobile invoice app.

The Best Thing About Mobile Invoicing

The ability to create, send, and manage invoices on multiple devices not only keeps everything organized but also allows you to access or review that information anywhere, on your terms. This means you can ditch the automated reminders or to-do lists you created for following up with customers or clients who still have to pay.

Any typical accounting mobile app allows users to create and edit invoices before sending them out in an email or messaging app. You can also use the app’s dashboard to view outstanding bills, convert quotes into invoices, expense receipts, and add files to the invoices they create.

Moon Invoice mobile app, meanwhile, allows users to not only create and send invoices but also chat with clients or customers. Along with attaching photos of receipts or other files to invoices on the spot, businesses can use the Moon Invoices mobile app to see when bills are viewed, paid, or overdue.

Some popular payment processors, such as Square and PayPal, offer mobile invoicing services so that businesses can collect money from customers or clients, as well as monitor the status of these bills over time.

Apart from letting businesses choose how they want to bill people, mobile invoicing services create a frictionless workflow since billing and payment can be managed in one place without other software platforms.

If you’re still hung up on using mobile invoicing apps in conjunction with online invoicing and accounting platforms, here are a few facts you should keep in mind:

Speed and convenience is key when it comes to getting paid

It’s no secret that you’re more likely to get paid quickly if you offer a convenient and easy way for people to reimburse you, but it’s also important to send bills out while they’re still top of mind for customers or clients.

A 2019 Level Research survey of more than 250 finance and accounting decision makers and influencers across a variety of industries found that getting invoices approved can take some time.

40 percent of all survey respondents reported that it can take their organization two to four days to get an invoice approved from the time it’s received. Another 33 percent, meanwhile, said their organization can take a week to approve an invoice. Only 10 percent of all survey respondents said their organization typically approves an invoice within a day of receiving it.

If you’re working remotely and need to bill someone, it can take hours for you to wrap up other work, jump on a desktop or laptop, create an invoice, and send it out. This lag time between completing a task and sending a bill not only delays the payment process but also increases the chances that your bill to customers or clients will get lost in the shuffle of other tasks.

Even if you rely on other team members to manage your billing workflow, it can take time to trade details and feedback. Since this exchange of information isn’t always seamless, it can create delays in billing and take valuable time away from more important work. With mobile invoicing, it’s a breeze to create personalized invoices on the spot, send them to customers or clients.

As an added benefit, some mobile invoicing apps allow you to chat with clients or customers. Communicating inside the app can speed up the payment process by enabling you to answer questions, tie up any loose ends, and resolve issues in real time. Online invoicing software and invoice app let you access your billing workflow and take action immediately on any device.

Working remotely may seem like a nice respite from the confines of your office, but it can be a struggle if you have to prepare for meetings, inspections, or other commitments beforehand and tackle a logjam of tasks once you return to your desk.

Mobile invoicing apps can help you stay connected to your billing workflow and access information you need at the drop of a hat. For instance, these apps allow you to convert pre-made estimates or quotes into invoices, as well as send standardized invoices from your mobile devices.

You can even use these same mobile apps to check the status of each invoice, send reminders to people who haven’t paid yet, and quickly follow up with customers, buyers, or clients who are already behind on a payment. This not only eliminates excuses or claims that your invoice never arrived but also allows you to justify further actions, such as late fees.

The PayPal for Business app, for instance, lets you create invoices, send them out, keep track of those that haven’t been paid, send reminders, and manage payments from your mobile device.Mobile invoicing apps help you stay on top of your finances and reduce the risk of fraud. Creating, tracking, and organizing invoices can be a real drag.

Since mobile invoicing apps allow you to access and carry out essential tasks without logging into a desktop or laptop, you can easily track bills as they’re created, sent, and received. You can even enable push alerts that let you know when payments are made.

Reporting dashboards offered by a number of mobile invoicing apps also allow you to see how much money has been charged over time and how much is currently outstanding for specific clients, customers, or buyers.

This level of transparency in your billing process allows you to keep an eye out for any discrepancies that might arise, even when you’re on the go. Easy access to your entire billing workflow also enables you to quickly spot fraudulent activities, purchases that violate company policies, and dubious behaviors, such as employees who frequently hold up the approval process, send duplicate invoices, or send invoices with incorrect charges.

Conclusion

The advent of mobile devices, video conferencing, and apps, among other things, make it possible for workers all around the world to work from the comfort of their home, favorite coffee shop, or virtually anywhere with an internet connection.

Mobile invoicing apps are no exception. They alleviate the burden of plowing through a backlog of tasks when you’re back in the office and enable you to take action immediately, even when you can’t easily hop on a laptop or desktop. Give invoicing software and complementary mobile apps a try today, and see how paper bills are quickly becoming a thing of the past.

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.