If you operate a business, Billdu invoice software tools will allow you to get paid faster. Learn more about the numerous features you can benefit from today.
Are you a business owner with a large customer base? Do you have trouble getting paid and organizing your invoices?
Do you spend weeks waiting on a payment? If so, you may need a better system that can help you get paid faster.
There are a wide variety of reasons why you may want toadopt invoice software for your business. You may want to get updates about the status of your invoices or have a way to track late payments and send reminders.
You already know that Billdu enables you to make invoices on the go. Below we outline how you can use Billdu invoice software to get paid faster. Let’s get started!
Predefined Email Messages With Smart Tags
One great thing about this type of invoice software is the ability to make automated email messages. For example, you can create a welcome email that is sent once a customer makes a purchase online or signs up for one of your services.
A predefined email message could introduce every new consumer of yours to your business and the products or services you sell. The smart tags of invoice software could immediately insert your customer’s name, the date, an address, or a telephone number.
A smart tag can also insert your recipient’s name and email address very quickly. These smart tags and predefined email messages will make sending invoices fast and easy.
Due Date and Reminders Help You Get Paid Faster
Another great benefit of invoice software is its capability to provide due dates and reminders to your clients. First and foremost, due dates and reminders will help you get paid faster.
Having due dates will also keep you much more organized. If you set due dates for your work and when to get paid for your invoices, you’ll know exactly what is happening with your business finances.
Reminders are great for your clients since they may get busy with their own work and miss a payment deadline. Letting them know that they missed a payment sooner rather than later could potentially help you get paid faster.
Ask any business owner and they’ll tell you how vital organization is to running a company. So be sure to use due dates and reminders in your payment invoices.
Fast Online Payment With Card or PayPal
Another great way to get your money fast is to use quick online payment with a credit card or PayPal. Invoices and billing that includes these features in their software will get you your money without any hassle.
In fact, PayPal can deposit your funds directly into your bank account. All you need to do is to add your bank account information to your PayPal account. Once you get paid, you can log onto your account and transfer the money to your bank with the click of a button.
If you want to get paid quickly from your customers or clients, be sure to purchase software with a credit card or PayPal payment options.
Get Invoice Software With Strong Security Measures
When it comes to managing finances across multiple websites, credit cards, and bank accounts, you need to purchase billing software that has strong security measures.
You don’t want your clients or customers to lose their private financial information to a hacker.
More customers and clients are looking for secure and real-time payment options from companies. Even if your local bank offers a service, this often takes several days and may have high fees especially for clients around the globe.
As such, you’ll want to get software that will occur in real-time so that your customers are satisfied.
Gain More Trust For Your Business
With more solid invoice software, you can send due dates and reminders as well as predefined email messages. You can create quick online payment options with secure invoice software.
All of these great features will lead your customers and clients to have more trust for your business. If there is more trust between your company and your consumers, you will likely get your payments more quickly.
You will have more authority in your industry and a greater reputation if you have payment systems that are secure and work in real-time.
Flexible Payment Services
You may find that your customers only want to purchase a service for a particular time period and may want to take time off for a month or two. Once they have another opportunity, they may seek more services from your company.
In these cases, it is imperative to have invoice software that doesn’t have constant monthly or weekly billing systems for every customer. You need to be able to personalize and change billing requirements from month to month.
Business owners will want to make sure their platforms don’t require a complete cancellation of their products or services. Make sure customers are able to merely take a break for a short period of time.
Your payment systems will need to allow personalization and not require clients to get constant services.
Do you have any questions about invoice software? Contact us here!
As a business owner, you know the importance of steady cash flow. The hard reality is that only 40% of small businesses will survive past the first five years. And the number one reason for failure?
Cash flow problems.
So how can you be sure that your company will be among the 40% who survives? And what can you do to help your business not only survive…but thrive?
More and more business owners are turning to simple invoice tools to help manage their cash flow. Whether you’re a part-time freelancer or you run multiple companies, an invoicing tool can be an invaluable asset to your business.
Read on to learn more about how a simple invoice tool can benefit you and your business!
Defining cash flow
Simply put, cash flow is the movement of funds in and out of your business.
Ideally, a company will always have cash on hand to order inventory, pay employees, or care for other necessary expenses. Your business has positive cash flow when the money coming in exceeds the money being paid out.
In the real world, though, it doesn’t always work out that way.
If your sales are too low or your clients fail to pay you on time, you could easily have your cash flow disrupted. Negative cash flow occurs when you’re putting out more money than you have coming in.
Building and maintaining positive cash flow doesn’t happen by accident. Companies need to have a realistic budget and also create an accurate cash flow statement.
Understanding a cash flow statement
How do you know whether you should pay the bills that just arrived or order more inventory?
Your cash flow statement will provide the answer. When used with income statements and balance sheets, you’ll have a complete understanding of your financial status.
To make things simple, here’s a breakdown of what you’ll find on these financial documents:
Operation costs: Also known as operating cash flow, this shows how much you’ve spent or earned on a daily basis.
Asset investments: This could be property, equipment, machinery, furnishings, vehicles, or other tangible assets. Ideally, your company is able to pay for these assets through business-generated income.
Financing: Cash received from (or paid to) creditors, lenders, or investors.
Accounts receivable: The amount your customers owe you for goods and services purchased.
Accounts payable: The amount you owe creditors for purchases and business expenses.
Current assets: All cash, inventory, and receivables that will be used within a year.
Depreciation expense: When an asset has stopped contributing to your income and started being an expense.
Long-term debt: Debts that are due for a year or longer.
Net income: Total revenue minus business costs.
Short-term notes payable: Debt to be paid off quickly (usually within 12 months).
As you can see, there are many details to keep track of when it comes to business cash flow. This is where a simple invoice tool can help!
Benefits of using a simple invoice tool
As technology advances, it’s becoming easier and easier to manage your business. Thanks to mobile apps, it’s now possible to run a business entirely from your smartphone!
Here are just a few of the many features a simple invoice app can offer you.
Choose your colour scheme, upload your company logo, and sign it with your electronic signature. Some apps will even allow you to add a PayPal button or a ratings feature to encourage feedback and reviews.
These features aren’t limited to your computer, either. With the help of a simple invoice tool, you can create a PDF invoice with one click in a mobile app!
Recurrent invoices
A recurrent invoice is any invoice regularly sent to a client, usually on a weekly or monthly basis. Rather than wasting time and effort creating new invoices for the same client, why not use a tool to set up recurring invoices?
Simply select a client from the list and choose the appropriate interval to invoice them. Once you click save, your work is done!
By letting the invoicing tool handle your paperwork for you, you’ll have more time to focus on growing your business.
Expenditures/Costs
Why spend valuable time tracking all your expenses when an invoice tool can do it for you?
Simply upload your daily or weekly expenses into the online expense manager, and let it do the math for you. You can even scan copies of receipts, which will free up clutter and make everything easier during tax season!
Statistics
How has your business grown (or declined) in recent months? Where can you cut back on costs or increase your revenue?
A simple invoice tool can provide all this information and more by tracking trends and statistics for your business.
Overview of paid/unpaid invoices
Most invoice tools provide a dashboard that shows an instant preview of invoices, expenses, and available balance.
You can even enable features that alert you when an invoice has been read (and by whom).
More back accounts
Does your business operate through more than one bank account? Or are you running multiple companies through the same account?
Either way, an invoicing tool can streamline the process by consolidating all that information for you – often on the same screen!
Inventory management
Gone are the days when inventory tracking involved long days ticking off items on checklists.
By going digital and using a simple invoice app, technology can keep track of all your inventory for you! You can manage stock or add and subtract items with an easy click of a button.
Choosing the right invoice tool
Now that you know the benefits of using a simple invoice tool, how do you know which one to choose?
More than 50,000 businesses are saving time and money by entrusting their invoicing needs to Billdu. With applications for iPhones, iPads, Android, and desktops, we make running your business easier than ever before.
From invoices to expenditures/costs, statistics to inventory management, we invite you to learn more about Billdu and discover the many exciting features we offer!
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