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Creating and issuing invoices is part of the everyday routines in every company, no matter whether you have a small business, are a freelancer or a startup. However, many entrepreneurs spend too much time on this task that would yield better returns if invested into the core business. Do you battle with this issue as well? An invoicing software (also called billing software) is the ideal solution if you are looking to expedite and facilitate billing processes, such as the compilation and sending of invoices. So what should you be looking for? What are the important aspects? We will answer those questions next.
Efficiency is the main reason why even small companies use professional billing programs: Software allows them to automatize and do away with tedious manual processes. Using a program means that you will compile your invoices more expeditiously, with ease and you will save valuable time. A billing program that has the following functions offers the most benefits when it comes to efficiency:
Web-based billing programs are especially practical: All you need to work with these systems is a browser. You can work independently of an operating system – these solutions are compatible with Windows, Linux or Mac. Thanks to the Cloud, you can generate your invoices on your PC, tablet or smartphone - on the road, at home or at the office.
Not only do professional billing programs help you with the compilation of invoices and other accounts receivable management jobs – they also simplify your accounts payable management. Open, paid and overdue supplier invoices and other accounts payable can be directly viewed in a comprehensive billing program.
If the billing functions are part of a comprehensive business software solution like bexio, users enjoy yet another benefit: your accounting software can be linked to your e-banking. Credits and debits from your e-banking are automatically reconciled with the accounts receivable and payable in your accounting system. Tedious manual reconciliation is finally a thing of the past. Moreover, payment orders to suppliers and accounts payable can now be sent to e-banking from the billing software with a single click. Another tool that simplifies your processes.
The three key aspects for a small business billing program at a glance:
Such a program must do everything that helps small businesses reduce stress, save time and money as well as invest more energy into their core business.
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