Using web_based invoicing cuts your business expenses. Paper and postage expenses are eliminated. You will also save money because you don't have to hire a bookkeeper to do the invoicing for you anymore. When using the online invoicing software, you don't have to possess an in_depth knowledge of accounting or bookkeeping either, and using the software itself is easy to learn. The online software does all the hard work for you, and _ since everything is automated _ the accuracy is assured. You can sleep better at night knowing that the compliance of your business invoicing process to all the relevant regulations is guaranteed. All records are always up_to_date since all transactions are automatically recorded.
The decision to automate Accounts Payable _ Their Accounts Payable (AP) department consisted of 13 people processing in the region of 180ꯠ invoices per year from suppliers across Europe. Invoices need to be approved by 250 individuals from 3 offices in the UK, 11 depots and 2 manufacturing plants, in addition to users in mainland Europe.
Let Them Know How to Pay You _ must be easy Do you want a cheque mailed to you, a money transfer, flowers? Be explicitly clear about what you expect and in what form. It is usually best to discuss with the client beforehand their preferred method or to come to an agreement about a method you both like. If you want a money transfer, provide all the necessary information. Foreign transfers need more than your account number: in some countries, you need your International Bank Account Number (IBAN) or a Bank Identifier Code (BIC). International transfers also double_charge you: the client's bank might charge you ฤ, and your own bank might charge you another ฟ to accept the payment. Make it clear which of you will absorb these charges, and talk it out with them. PayPal is another option, but you still get charged a percentage of the transaction.