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Moon Invoice
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Being a freelancer comes with many benefits. You don't have to stick to a 9-5 schedule. There's no boss yelling at you. You can work at your own pace and from wherever you want.
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But freelancing isn't as easy as it seems. Several back-end operations like project management, time tracking, and invoicing, need to be taken care of.
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If you're a freelancer looking for a way to optimize your invoicing process, this post can help.
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Why is Efficient Invoicing Essential for Freelancers?
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If you want to get paid as a freelancer, you'll need to create invoices, no matter how much you hate it. Creating invoices can be an arduous process, especially if you don't know a thing or two about accounting. Knowing what information to mention, when to send, when to follow-up, and the like is certainly challenging.
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However, taking invoicing for granted can hurt your freelance business in many ways. If you bill your clients wrongly for your services, not only will you get delayed payments, but you'll also lose your reputation.
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Therefore, it's important to make invoicing a paramount process for your freelance business. Luckily, invoicing isn't as difficult as it seems.
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With the right approach and robust online invoicing software for freelancers , you can make your invoicing process accurate, efficient, and timely.
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Invoicing For Freelancers: Key Elements
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In this section, we'll delve into the key elements required to develop a successful and sustainable invoicing strategy for your business.
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1. Understand Invoices
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First things first, you need to understand the basics of an invoice. Sure, we all know an invoice is a document that includes the list of services rendered, along with their corresponding costs. But do you know about the different types of invoices and their purposes? Some common invoice types freelancers should be aware of are:
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Proforma Invoice
Interim Invoice
Recurring Invoice
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In addition, it's also essential to know what components should be present on an invoice. A few details that should be on every invoice are business information and logo, invoice number, account details, issue date, due date, contact information, and total amount.
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Don't get intimidated by so much information. With freelancer invoice software, you can generate different types of invoices with all the essential elements in a few seconds.
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2. Choose the Payment Terms
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Unclear payment terms are another major cause of delayed invoices. Your invoice should clearly mention the payment terms so your client doesn't end up getting confused. Here are a few payment terms to mention on your invoice:
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Final Due Date: The final date by which the invoice must be paid
Timely Payment Benefits: The benefits the clients will get if they pay on time (if any)
Late Payment Penalty: The penalties the clients will have to face if they pay after the final due date
Accepted Payments: All the accepted payment methods, like the card, cash, e-wallet, online banking, etc.
Additional Instructions: Any extra terms, conditions, and instructions
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Note: It's crucial to share the payment terms and other terms and conditions with the client beforehand. Make sure you clearly mention all the terms policies on the service contract to eliminate any possible confusion.
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3. Create and Send Invoices
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Once you've decided upon the payment terms and the date, you can start creating an invoice. A common way to create an invoice is through spreadsheet software like MS Excel. You can download a freelancer invoice template and fill in the details.
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However, this process is still manual and time-consuming. You can entirely automate your invoice generation process with an invoice software solution like MoonInvoice. It allows you to add necessary details and create a professional invoice within seconds.
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4. Set Up an Invoice System
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In a career like freelancing, where sending invoices is a part of the daily job, relying on manual invoicing processes isn't a good idea. You really don't want to get caught up sending and receiving invoices instead of going what you do the best.
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Therefore, having online invoicing software for freelancers is critical. In addition to creating timely and accurate invoices, an invoice system also helps you efficiently manage your books and finances. You can store and track your invoices and determine which clients have paid and which ones haven't.
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In some cases, freelancers also receive invoices that they need to pay. With an invoice solution, you can send and pay your invoices from one place.
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5. Get Paid On Time
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The ultimate goal of invoicing is to get paid on time. A BACS survey showed that 43% of businesses don't get paid on time, accounting for losses estimating £13 billion.
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With a freelancer invoice software solution, you can increase your chances of getting paid on time. It enables you to set a freelancer estimate, set clear terms, offer discounts, and add late payment penalties. Moreover, it helps you make visually appealing and brandable invoices that stand out.
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By using tools like MoonInvoice, you can also follow-up with your clients and send reminders when the due date approaches.
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The Importance of an Invoice System
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New freelancers who're just starting out may do well without an invoice system. But as your clientele grows, you'll need full-fledged online invoicing software for freelancers that helps you create invoices and freelancer estimates, track time, and manage the finances.
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Here are some reasons why every freelancer should use an invoice software solution.
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Faster payments
Save cost and time
Improved organization
Freelancer invoice template
Reduce paperwork
Seamless accessibility
Eliminate errors and inconsistencies
Increase business productivity
Stay on top of auditing and tax management
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Don't forget to check out MoonInvoice if you want to make your freelance business professional, productive, and profitable.
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Conclusion
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Though invoicing is an integral aspect of freelancing, it doesn't have to be tedious and time-consuming. With the right tools and strategy, you can make your billing and invoicing process quick, accurate, and efficient.
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Also, don't forget to check out Moon Invoice if you're looking for robust online invoicing software for freelancers.
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Digital marketing is no longer the buzzword used by big brands and marketing companies. It has become the need of the hour, mainly for small businesses that want to survive the competition. By implementing online marketing, companies can enhance their business and branding.
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Here's a quick guide to how digital marketing can drive business growth, along with why an invoice app for Windows is essential for companies that use digital marketing.
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Businesses Are Embracing Digital Marketing
The global digital marketing spend is projected to reach $330-340 billion in 2020, showed a market study by Beroe. As the world goes digital, businesses need to adapt. Though digital marketing has been out for years, its application has surged over the past couple of years.
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As of 2020, more than 60% of small businesses have a website, and 70% of them use social media. And as the business landscape becomes more vying, companies will continue to invest in social media.
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But sadly, a significant number of companies, mainly small businesses, are still utilizing traditional marketing techniques. There's nothing wrong with conventional marketing, apart from the fact that they don't work anymore. More people than ever are shopping online. Besides, 97% of customers learn about a business online, showed a stats summary by SEO tribunal.
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Another major reason you need digital marketing is the increasing adoption of digital solutions. Most businesses use
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Moon Invoice
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Point-of-sale systems have turned the retail industry upside down in several ways. Complex sales operations that once required cash registered and never-ending queues can now be completed digitally within seconds. But if you're a new retail business, the first step is to choose the best POS system for retail store.
Here are a few key features to look for in POS billing software for business
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1. Sales and Invoicing
The primary function of a POS system is to facilitate sales and record sales transactions. Recording sales data automatically when a sale is made is crucial, especially where your store has rush and the waiting queue is growing.
POS solutions come with sales processing capabilities. They support multiple payment methods, like cash, card, and wallets, to provide your customers with a seamless checkout experience. These systems keep a record of each sale made, including the products sold and the revenue generated.
The best POS system for retail stores also offers billing and invoicing capabilities. Many businesses don't sell products. Instead, they offer services. These include security providers, builders, software development companies, and even hotels and restaurants. With the invoicing module, you can generate invoices on the go while eliminating tedious paperwork.
2. Inventory Management
The best POS system for retail store offers outstanding inventory management capabilities. You can manage your stock levels in real-time with the inventory management module. You can examine the number of goods you've left in the stock, and which ones are overflooded.
With this real-time scanning, managing your inventory levels is easy breezy. You can bring in more items that are running out and reduce the purchases of the ones already in your inventory.
Robust inventory management also enables you to accurately analyze product demand. For instance, if a product runs out of stock more often, there’s a high demand for it. Hence, you can increase the production of that product to meet consumer demands. Similarly, if an item never runs out of stock, it might not be in as much demand. Therefore, you can slow down its production to free up some inventory space.
3. Data Analysis
POS billing software for business allows you to collect a comprehensive amount of data about customers and their needs. But there's no real point in having so much information if you can’t process and analyze it to make better business decisions.
POS solutions are equipped with robust data analytics tools. These tools enable you to collect in-depth information about customers, including their preferences and requirements. This helps you recognize your shoppers and provide them with tailored experiences.
Analyzing customer data also enables you to identify your most loyal customers. You can recognize your loyal customers and reward them for their loyalty. Several POS systems allow you to create reward programs from within the app.
4. Order Management
To run a retail business seamlessly, order management is a must. It includes keeping track of all pending and completed orders, along with the products and revenue associated with each order. Online invoicing software’s in-built order management module allows you to manage orders seamlessly. This feature enables you to categorize orders according to various categories for better sales and customer management.
The order management module also lets you take pending orders. You might run into a situation where your customers would be in need of a product that'll be out of stock. In such cases, you can take a customer order and schedule a notification when the product is available for sale.
If you sell online, the order management module can help you track your orders in real-time. You can get location information and determine the status of all your orders.
5. Customizable Reports
POS systems allow you to create comprehensive reports based on parameters like sales, accounting, inventory levels, revenue, profits, etc. These reports help you get a detailed insight into how your business has been performing over a specific time period.
POS systems like Moon POS enable you to create enticing visual reports in the form of various types of charts and graphical representations. By creating in-depth reports for all your business operations, you can determine the loopholes in your business and work towards fixing them.
6. Multi-Store Management
A lot of retail businesses have multiple stores in different locations. In that case, having a separate software solution for each store can be time-consuming and inefficient. Cloud-based POS billing software for business resolves this hurdle for you.
You can use the same cloud POS system for multiple stores. Not only does this help you reduce overhead costs, but it also ensures superior management. You can manage all your stores from one place. From a single dashboard, you can see which store is performing better, which products are in more demand in which areas, which stores are struggling, and why.
With the multi-store management module, you can centralize the prices of your products. If you want to change a product's price, you can update it in the POS system and instruct your store staff to adjust accordingly.
7. Mobile Access
Point-of-sale solutions have become increasingly mobile. Cloud-access has given rise to mobile POS solutions like Moon POS that enable you to remotely carry out sales and inventory management operations.
Many stores use mobile online invoicing software to allow their customers to check out without waiting in a queue. Mobile capabilities also enable you to make sales remotely and keep your business up and running even if you or your team isn't in the store.
8. Integrations
If you're a small retail store, you'll probably do just fine with a cloud POS system. But things get a bit complex as you grow. When you have a large customer base or a staff, you need additional solutions like CRM, ERP, PMS, and more.
POS systems come with integration capabilities to ensure seamless business management. You can integrate your online invoicing software with a wide range of enterprise solutions.
Conclusion
Every POS system is different, and so are its features. The features mentioned above are the fundamental features every POS system comprises. In addition, POS solutions can have a wide range of extra capabilities, like employee management, performance management, marketing management, and more.
And don't forget to check out Moon POS if you're looking for a robust, cloud-based POS system.
Source - https://www.mooninvoice.com/blog/key-features-for-point-of-sales-system/
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Are you looking to buy an accounting and billing software package for your business? There are numerous options in the market, but it is best to choose a highly efficient one. Why is it essential to pick the best in the market? According to a US Bank survey, 82% of the businesses end up closing because of mismanagement in cash flow. If you wish to be in the other 18%, it is vital to pick a reliable one.
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You might be familiar with FreshBooks. It is one of the leading accounting software in the market. It is customizable and reliable. But if you are looking for a FreshBooks alternative, here are the top five options in the market.
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5 Alternatives to FreshBooks
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1. Moon Invoice
Moon Invoice is a good choice for all business styles. The software offers unlimited invoices, estimates, purchase orders, and credit notes. It also comes with a dedicated expense tracker. If your business has recurring invoices and expenses, it becomes easier to manage those with Moon Invoice.
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Moon Invoice also handles multi-currency and multiple businesses in the same platform. According to a Forbes study, using cloud computing can reduce labor costs by 50% and better utilization of capital by 75%. You can enjoy cloud sync features with Moon Invoice. It offers mobile payment options too. For companies looking for free invoice and billing software for Mac, iOS, Web, Android, and Windows, the Moon Invoice is a great choice.
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If you are a growing business, scalable software is essential. Moon Invoice is suitable for all business sizes, and it is easier to scale up or down based on your needs.
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Advantages of Moon Invoice over FreshBooks are:
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Easy setup, induction, and configuration
Easy-to-use dashboard with an overview
Multiple platform compatibility
Cost-efficient
Database management, small business CRM, and systems management features
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2. Xero
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Xero is becoming a popular FreshBooks alternative for small and sole businesses. It offers enterprise-level packages, too. Since the software has tie-ups with third-party apps, you can enjoy a wide range of features. If you are looking for advanced features and better functionality in the dashboard, it is best to upgrade to higher packages.
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Xero's professional package offers features to handle volumes of invoices, quotes, and bills with ease. Xero also offers multi-currency functionality, payroll management, and more.
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However, Xero does not have the facility to accept credit card payment or track the invoices for better management. The vendor offers a free trial period for thirty days to understand whether it is a good match for your requirements.
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Advantages of Xero over FreshBooks:
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Simplified transactions
Easy financial health overview
Automated payroll processing
Tax adjustments
Better stock and inventory management
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3. Zoho Books
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Zoho Books is a top alternative for FreshBooks for small businesses. It helps with simple and easy management of finances and allows users to generate professional invoices. It can also manage online payment and give a better overview of the expenses.
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This software's other features are inventory management, project time tracking, templates for invoices, automatic bank feeds, and contract management. It offers multi-platform compatibility with Android, Windows, and iOS devices.
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Advantages of choosing Zoho Books over FreshBooks are:
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Better tracking of invoices
Automatic bank feed, payment reminder, and other workflows
Tracking projects and time
Better customer collaboration options
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4. QuickBooks
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QuickBooks is one of the best FreshBooks alternative software that comes with a multitude of features. It provides tracking and management features and comes in a variety of pricing options. Top features of the software are customized templates for email, tracking bounced checks, calendar view, customer forms, contract management, and others.
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However, the software does not meet expectations in handling multiple currencies. It does not sport features for collaboration either. The simple package has limited features, and thus, it becomes essential for small businesses to choose bigger packages.
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If you have the QuickBooks Pro package’s budget, you can enjoy numerous features and functionality to manage your business from a single platform.
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Advantages of QuickBooks over FreshBooks:
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Better organizational capabilities
Advanced security features
Offline availability of features
Overdue bills tracking
Better scheduling options
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5. Intacct
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Intacct is one of the best alternatives to FreshBooks if you want well-planned, feature-rich software with cloud facilities. Intacct's scalability feature makes it a better option than most other products in the market. The features of this package have AICPA accreditation, and thus, it is very reliable.
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Any company which needs active monitoring of finance can rely on Intacct. It is a mobile-based platform for both Apple and Android devices. The flexible pricing package and Intacct's easy integration facility make it the best choice for small, medium, and large organizations. Beyond basic accounting features, the software also offers automated journal entry, trial balance automation, and bank reconciliation. It gives multi-currency support too.
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Although the product offers a flexible pricing package, it is important to know that it may not be affordable for small and new businesses. It has a multi-functional interface but is quite outdated than most other options in the market. Beyond these, the speed is quite a major concern.
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Advantages of Intacct over FreshBooks:
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Wide range of features for basic and advanced needs
Simple and easy integration with legacy systems
High security with limited user access
Scalability
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Conclusion
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It is impossible to tag one software package to be far superior to others in the market. It depends on the features that a company needs. Although the above-mentioned five FreshBooks alternative packages are the leading ones in the market, it does not automatically make the perfect match for your business. Compare all the software packages and make an informed decision.
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Source : https://www.mooninvoice.com/blog/best-alternatives-to-freshbooks
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One of the most overlooked business aspects is tracking the expenses. Yes, no one is excited to do this job. Everyone is excited to know about sales figures and revenues. But, tracking expenses is not a loved task. However, it should.
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It is its absence that no matter how high is the revenue, your business will have to struggle hard to thrive in. We know that this job takes a toll on you, when done manually, it still needs unwavering attention. The use of billing and invoicing software with timesheets is an ideal strategy to win at this front.
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If you don’t know what wonders timely and error-free expense tracking would make, read this post. You will have better clarity about it.
Expense Tracking - An Indispensable Task
Expense tracking is the process of keeping track of business cash outflow and expenses. It plays a crucial role in deciding the company’s budget.
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Without knowing where the money goes and which department needs how much money to be functional, setting up a business budget is not at all possible. It is crucial to have properly optimized the financial health of the business.
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Here are some of the key benefits of tracking expenses without fail:
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1. Tracking expenses makes a better money manager.
There is no secret that lacking on cash flow front will lead to a business downfall in the blink of an eye. One key aspect to a successful business is to have knowledge of how money goes and comes. Daily expense tracking done with the help of time tracking and billing software allows a business to be well aware of financial status.
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You will be able to find out which operational area/department/unit is consuming a larger chunk of your money. Devising up cost-cutting or cost management strategies would be a lot easier as well.
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You will be able to find out which operational area/department/unit is consuming a larger chunk of your money. Devising up cost-cutting or cost management strategies would be a lot easier as well.
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2. It makes you tax ready
No matter how hard you try, you can’t escape from tax. It is an obligation and duty both. One harsh truth is that tax season is very stressful. You have to give details of the entire cash flow that happened in that particular year.
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Can you do it in a day or two? Of course not. But, when you re-tracking your daily expenses and have an updated record, you don't bear that burden. Instead of digging records of a whole year, you have to dig records of a single day. Which one is easy?
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The latter one, right? This job will be further simplified once done with the help of billing and invoicing software with timesheets. Many tasks would be automated and regulated. Gathering tax-related details would be a lot easier with it.
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3. You can find out the profitability of your business
What is profit? The sum that you get after deducting your expenses from your revenue. This will make you realize the worth of expense tracking. If you won’t do that, you will not be able to find out the profitability of your business.
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4. Easy and early detection of spending issues
Having irregular spending habits with no tracking will turn you bankrupt in no time. Regular expense tracking will help you to identify your spending pattern and eliminate the negative and unnecessary ones before it causes beyond repair harm to your business.
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5. Better future planning
When you have real-time insights into your cash flow, it’s easy to set future goals. You can think of expanding your business or make a new investment based upon your in-hand amount or savings.
 
Expense tracking will help you find out your accumulated capital based on which you can make wise decisions.
Time tracking and billing software – Your Helping Hand
The benefits of timely expense tracking
are copious and notable. That being said, we can’t ignore the fact that it is too complex.
 
Billing and invoicing software with timesheets do a great job of simplifying this task from beginning to end. With its help, a business can easily:
 
1. Fetch the needed details from the desired department over a single click.
2. Do time-bound expense tracking with automated features.
3. Get weekly, monthly, and yearly detailed reports.
 
The powerful AI of this tool would make money management a piece of cake. It simplifies the entire job up to such an extent that any novice can handle it. Don’t worry; everything in detail will be accurate and updated.
In conclusion
Expense tracking is tedious, complex, mundane, and boring. We agree with all of these points. But, it is a crucial imperative and obligation as well. Ignoring it will cost you a lot more than your imagination. So, don’t try to get rid of it.
 
Instead, find ways to simplify it. Time tracking and billing software offer a vital helping hand at this front. By automating almost every major task of expense tracking, it will help a business to have better money management.
 
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Moon Invoice
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As a freelancer or developer, dealing with the business parts of your work will have a huge effect on your success. Having brilliant coding skills will kick you off, however, you'll have to maintain the business adequately to make money in the longer run.
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Invoicing is one of the significant pieces of maintaining a freelance business. It shouldn't be muddled (actually, it ought to be as simple as could be expected under the circumstances), however, it's a basic piece of getting paid for the work that you've done. According to one survey, approximately 65% of small business owners and freelancers use billing softwares to get by. This will only increase in the following years to come.
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Luckily, there are numerous iOS applications accessible that will assist you with making and managing invoices. These devices will spare you time, keep you composed, and guarantee that your records are exact and complete.
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This article will feature the absolute best iOS invoicing choices for freelancers. Even though the rundown has been made for freelancers, it additionally applies to other private ventures.
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So, without much further ado, let’s quickly go through the finest invoice receipt maker app for iphone.
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1. PayPal
I'm posting PayPal first since it's the most simple solution since you presumably as of now have a PayPal business account (and your customers likely as of now use PayPal too). With a free record, you can make boundless invoices for boundless customers. There is no expense for invoicing usefulness, and customers will have the option to pay invoices effectively through PayPal, with Mastercard, or bank move. Typical PayPal charges will be applied to the cash that you get.
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If you pick PayPal for your invoice, you won't get the same number of features as you would get with the different applications on this rundown, however that might matter to you. PayPal will show you if the invoices have been paid or not, however, there isn't a ton that you can do concerning managing invoices.
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PayPal invoicing is an extraordinary decision if the greater part of your customers as of now pay you through PayPal and you're searching for a simple method to manage invoices. It's quick, simple, and won't cost you anything extra.
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2. Wave
In case you're searching for a further developed alternative for invoicing, start your hunt with Wave. Why? Since Wave offers the best invoices features and usefulness in their free solution.
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The free solution permits you to make and manage boundless invoices for a boundless number of customers. You can redo the invoice layouts, make invoices for repeating billing, make and send gauges (at that point transform them into invoices when they are affirmed), get programmed payment updates, track payments, and considerably more.
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The free solution likewise gives you admittance to accounting software with salary and cost tracking, boundless bank and charge card associations, and that's only the tip of the iceberg.
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3. Moon Invoice
Moon Invoice has been delivering diligent invoicing solutions for long and it has achieved a well-deserved recognition for its amazing services. Moon Invoice is one of the best free Invoice & Billing apps for iOS in the market right now.
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Moon Invoice is bunded with multiple features that will give freelancers the right platform to manage their finances, customers, everything in one place. Moon Invoice works as a perfect invoicing companion for freelancers. The presence of Moon Invoice is not just limited to iphone users, it is available for all platforms like Android, macOS, and Windows.
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Moon Invoice allows a complete free invoicing deal for 7 days with any plan you may choose to understand the boundless features it provides.
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4. Invoicera
Invoicera includes rich invoicing and billing software. A portion of the features are past the necessities of the normal consultant, yet you might need to consider if the features would have the option to help you in your business.
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Invoicera offers a free solution with restricted usefulness. The free solution incorporates invoicing, yet the significant downside is that you'll just have the option to manage 3 customers on the free solution.
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For $15 every month you'll have the option to climb to the Pro solution and manage 100 customers. Both the free and the ace solution permit you to modify the invoice layouts, manage repeating billing and acknowledge Mastercard payments.
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All plans incorporate late payment updates, boundless time tracking, benefit and misfortune detailing, and 30+ payment passages.
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5. invoice Ninja
invoice Ninja offers a free solution that will address the issues of numerous specialists. The free solution permits you to make boundless invoices for up to 100 customers, repeating invoices, recommendations, combination with 40+ payment entryways, and that's only the tip of the iceberg. The free solution likewise has some time tracking abilities.
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If you have to manage more than 100 customers, you can move up to the Pro solution for $8 every month. The genius plan underpins a boundless number of customers and incorporates different features like extra formats for invoices and statements.
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By and large, Invoice Ninja is a strong choice and the free solution will be all that could be needed for some freelancers.
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6. FreshBooks
FreshBooks is a component rich application that remembers accounting features for expansion to invoicing. As a result of the entirety of the features and usefulness that is included, there is no free solution accessible for FreshBooks. The evaluation begins at $15 every month for the Lite solution.
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With the Lite solution you'll get 5 billable customers, boundless invoices and appraisals, boundless cost tracking, boundless time tracking, acknowledge payments by ACH or Mastercard, charge reports, and the sky's the limit from there.
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The greatest constraint of the Lite solution for specialists will most likely be the number of customers (5). The tracking solution is the Plus solution, which permits you to manage 50 billable customers for $25 every month.
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FreshBooks is somewhat not quite the same as a few different applications recorded here as a result of the accounting features. With FreshBooks you can undoubtedly make monetary records, general records, preliminary adjusts, and that's only the tip of the iceberg.
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7. Harvest
Harvest is essentially a period tracking application, however, it likewise incorporates invoice usefulness. The time tracking features can be incredibly useful, particularly in case you're functioning as a feature of a group. Harvest incorporates some marvelous capacities for grouping the board and task of the executives and coordinating the time tracking into those capacities.
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With Harvest, you can undoubtedly make invoices for the time and tasks that you're tracking. You can set up programmed updates and gather payments through PayPal or Stripe.
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Since Harvest is more about time tracking than it is tied in with invoicing, the invoicing features aren't as solid as a portion of different alternatives on this rundown.
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8. Akaunting
Akaunting isn't too known about the same number of the different applications on this rundown, yet that may change.
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With Akaunting, you'll get free online software (open source) that incorporates usefulness for invoicing, cost tracking, client the board, and accounting instruments.
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Wrapping Up
So, to put things into perspective, these are some of the best invoicing solutions for iPhone users out there. Going with the best is a complete matter of choice as it depends on the requirements, choose wisely, and get your freelancing journey streamlined.
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