What is Invoicing Software?
Online invoicing software is a tool that helps businesses generate electronic invoices for products or services they have provided to their clients.
Invoices have traditionally been recorded on paper, typically with multiple copies generated so both buyer and seller have a transaction record for their files. Currently, computer-generated invoices have reformed the scenario.
They can be printed on paper on demand or sent electronically via email to transaction parties. Electronic records also make it easier to search and sort specific transactions or dates.
Online invoicing software offers many advantages over traditional accounting and invoicing software, such as reducing payment delays through automated delivery and payment reminders, easy payment tracking that allows your business to assess cash flow and track missing payments, cultivating a professional company image through customization, customizing invoices to specifications, and using automated billing for recurring payments. Read more about the benefits of using invoicing software here.
Features of Invoicing Software
Using online invoicing software, a business can more effectively track money inflows, offer different payment options to clients, process payments faster, and even customize invoices. It provides businesses with ease of use, no risk of lost invoices or human error, enhanced features, tax compliance, cost savings, etc. Such software allows business owners to focus on other important matters while billing, collection, and reporting are handled by the software.
Everything is Stored in the Cloud
Why fear losing your invoices? Why search for your client’s information in your emails and archives? Since online invoicing software is “online,” it means all your information will be securely stored. You’ll never have to search for your information or documents again. Simply log into your account, and everything is there. All your personal data is additionally secured.
You Can Automate Your Tasks
One reason why invoicing takes so long is that you have to keep entering the same information repeatedly. With online invoicing software, your information is saved. Once entered the first time, the software remembers it and you won’t need to enter it again. Of course, if you need to modify some details, you can easily do so with a few clicks.
Send Your Invoices by Email with One Click
No need to go through your emails to find your clients’ addresses. With online invoicing software, you can simply find your client in the dropdown menu and you’re ready. All information is pre-filled and you just need to click to email the invoice.
Manage and Track Your Invoices
Online invoicing is ideal for helping you easily see the invoices you’ve sent. You can quickly browse those you’ve sent or your drafts. You can also see which invoices are unpaid and contact overdue clients.
Track Your Key Indicators
One of the most important financial goals for small businesses and freelancers is to increase their finances. However, it’s difficult to achieve this goal without precisely seeing how much you’re spending and where. With Wysii, you can easily track all your expenses in real-time and save them in the system. You can even add scans of your receipts so you don’t have to store them in a shoebox in your closet.
Stay Compliant with the Law
Legal requirements related to invoicing are respected (mandatory information required by law, invoice numbering with unique identification) and automatically generated once your profile is set up.
Conclusion
With simple invoicing software designed for SMBs like Wysii, create professional invoices with one click, avoid surprises, save time, and optimally manage your business operations.
