Any business starts out with an ambition to grow big over time. Along the due course, a successful business gains momentum and the cash-in keeps increasing. With the revenue being generated, need for keep organizing the information and relevant artifacts like bills, invoices, accounts also arises. Without a successful system that organizes the business operations like invoicing, it is difficult for a business to grow because the main productivity in terms of core business reduces by keeping the people busy with supporting business operations like invoicing. This can be avoided using an Online Invoicing system that takes care of the invoicing aspect of your tart-up business.
Consider a case of a business started by one individual, Peter, who is a graphic designer and is really excellent at his work. Initially he had only two clients who used to keep him busy with assignments and he used to send them invoices in form of printed spreadsheets or printed word documents. Eventually, he started getting more work and hired two more people as freelancers. Now, he had 6 clients with all different prices for similar assignments. He had to do the invoicing work manually and had to spend a lot of time just managing invoices. Also, he never got a chance to even look back at his earnings just because it was such a cumbersome task to keep track of all the invoicing information.
At the end of year, Peter had earned significant sum of money and want to file taxes. This was where he had to produce all the documents reflecting his firms balance sheets, profit and loss accounts. Now, here was a problem; he could not collect all the invoices at one time as he moved office during the year and had lost some papers. Also, his own PC got formatted once due to a virus which caused him all this trouble. In a nutshell, Peters problem was, he did not use an Online Invoicing tool that could really save him all the hassle.
By now, you would have started realizing how important online invoicing could be, to Peter. This is a general story of many businesses that start without paying attention to invoicing as a crucial task. An online invoicing tool can help your start up in many ways, such as:
1.Instantly sending invoices to client so that invoices may be discussed and can be paid off sooner
2.Allowing you to view all the invoicing information at any time you want to
3.Helping you in resolving any conflicts with clients related to the amount billed to them for your services
4.Helping you or your accountant in account maintenance activities
5.Avoiding the risk of losing documents or papers either from your PC, home or office premises.
