How to get your business ready for year end
Learn how to help relieve bottlenecks in your accounting reporting by driving an efficient workflow in your business year-round.
Invoices are an essential part of the finances of most businesses.
A properly designed invoice helps you get paid on time, provides legal protection for you and your client, and validates your company’s revenue. While invoices are undoubtedly important, generating them manually takes up precious time and energy.
Manually generated invoices often include errors that lead to late payments and ultimately undermine your chances for business success. A constant cash flow is necessary to keep the lights on, pay staff, and purchase supplies. Delayed payments can create major problems. Yet, and still, small businesses spend an average of 130 hours each year chasing late invoices and often only receive outstanding payments 30 days after the contractually agreed terms.
With invoicing software, you can easily create, edit, and send invoices from anywhere at any time. An automated billing system promptly dispatches and tracks invoices to help reduce the risk of late or missed payments. Invoicing software can also remind customers and clients about upcoming deadlines.
Moreover, invoicing software allows for effortless payment tracking, so you’ll always have real-time information about your finances and cash flow.
Invoices go unpaid for many reasons. One of the most common reasons is that statements contain errors. Invoices include crucial information about your company, your client, and the services provided; clients can refuse to pay when this information is incorrect or fails to match their records.
Automatically generating statements: Sage also offers invoicing templates to facilitate the creation of professional invoices. Our templates work seamlessly with Sage invoicing and accounting software to simplify payment processing, so you won’t need to waste valuable time or worry about typos delaying important payments.
Tim Louie, manager
Tsue Chong Company
Learn how to help relieve bottlenecks in your accounting reporting by driving an efficient workflow in your business year-round.
Does your accountancy practice spend more time focusing on data entry tasks than you’d like ? For 63 % of accountants and bookkeepers a major pain point is the time-consuming task of manual data entry. Thankfully, there’s a way to get around it. Automation, integrated with cloud-based accountancy solutions are already here and is in use in [&hellip ;]
Is your practice ready for 2030 ? Download this year’s Practice of Now report which is built on a survey of 3,000 accountants worldwide.