11 Reasons Online Billing Is Better - PowerPoint PPT Presentation

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11 Reasons Online Billing Is Better

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Here are 11 good reasons to stop creating paper-based invoices and switch to online billing software. – PowerPoint PPT presentation

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Title: 11 Reasons Online Billing Is Better


1
When to hire a Bookkeeper and an Accountant
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  • Are you still sending invoices as attachments to
    emails or even paper bills in snail mail?
    Theres a better way. A way that automates much
    of the process, making it easier for both you and
    your customers. Below are just some of the things
    good online billing software can do

3
1. Convert a quote to an invoice.
  • Customers accept the quote by clicking
    Approve. Its then converted to an invoice,
    with no extra work or duplication of effort
    between your sales and receivables departments.

4
2. Automatically fill in prices.
  • You enter an item on the invoice and the
    software adds the price from your pricing
    schedule.

5
3. Automatically deduct sold items from inventory.
  • Keep your supplies status up to date without
    lifting a finger.

6
4. Create an invoice as a web page.
  • Get paid faster with this process. You send your
    customers a link to the page, and they can pay
    instantly without having to visit their banks
    website, call you or mail a check.

7
5. Eliminate the need to send revised invoices.
  • An online invoice also cuts down on error
    correction hassles. You can edit it right up to
    the moment your customer pays it.

8
6. Send an invoice from your mobile device.
  • If your business takes you out and about, you
    can still send an invoice the minute a job is
    finished.

9
7. Accept credit cards and online payment options.
  • Online billing software integrates easily with
    credit card, debit card, direct bank debit and
    online payment provider options such as Stripe,
    PayPal and GoCardless.

10
8. Automatically reconcile bill and payment.
  • Link the billing software to your bank account
    and it will notify you when the bill has been
    paid, and when its overdue.

11
9. Automatically send past due reminders.
  • You schedule the reminder for a specified
    number of days overdue and enter a pre-written
    letter. The software does the rest, tracking
    dates and sending the letters.

12
10. Reveal cash flow status.
  • See your receivables picture at a glance how
    much should be coming in next week or month.
    Compare that figure to your predicted expenses to
    get early warning of a possible cash shortfall.

13
11. Simplify tax preparation.
  • Good online billing software can integrate with
    accounting software to automatically enter
    payments in your books and tax code them in real
    time. Result no last-minute headaches at tax
    filing time.

14
  • Xendoos services include Xero Accounting
    Sofware that can meet all of your invoicing
    needs. Its technology at its best, reducing
    payment times, saving hours of manual data entry,
    taking your business mobile and more.
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