Moon Invoice is a simple cloud accounting software that assists small company owners in growing numerous companies more efficiently and effectively.
Running several companies may be difficult for businesses, but some methods can manage many enterprises and make them all profitable effectively. Owners of numerous companies must be very organized and efficient in their time management to ensure that their enterprises get the support they need.
Consequently, you must seek out opportunities to save both time and money when operating a profitable company—because of this, making use of clever accounting software for multiple businesses may be an excellent approach to scale your whole billing strategy.
According to a Gartner Research report, the automation of accounts-payable invoices contributes to a greater return on investment when compared to other technologies. According to a study conducted by Ardent Group, businesses may save up to 70% on their invoicing costs by automating their processes and procedures.
Scaling your company may seem complicated, but it is feasible if you take a systematic approach, beginning with your billing system, and work your way up from there. How about using a clever and effective online billing software that can generate invoices while also keeping track of all critical financial information?
We promise to make your billing experience seamless, but another milestone has been reached in ensuring that your invoicing expertise is free of any difficulties. We have accounting software for multiple businesses that will allow you to manage your various company verticals in the same account but on separate dashboards.
Some statistical data on how technology may make accounting jobs easier are shown below.
A recent survey by AccountingToday found that 62 percent of large corporations want to increase their IT expenditure in 2019. At the same time, 45 percent of mid-sized companies and 37% of small businesses plan to increase their IT expenditure. According to Accounting Today’s Year Ahead survey, keeping up with technological advancements will be the most challenging challenge for mid-sized businesses in 2018.
Investments in the finest cloud accounting software and the best online billing software are necessary for keeping up with the times.
So, let’s have a look at some of the ways that excellent accounting software for multiple businesses may be of tremendous use to your company:
1. The administration has been reduced
Achieving efficient cash flow management requires automating your invoicing process and lowering your administrative cost to an acceptable level. Compared to a manually prepared invoice from scratch, accounting software for multiple quick and automated businesses reduces the margin of mistakes.
This may also help you save a significant amount of time, allowing you to devote that time to other important activities related to your company.
2. It minimizes the errors
An intelligent cloud accounting software collects all bids and prices and then generates an invoice based on its information. Because the whole process is automated, there is no opportunity for human mistakes.
3. It makes things more efficient and straightforward
What technique are you now using to create an invoice at this point in your career? For invoice generation, you may either utilize a spreadsheet or log onto an invoice template website where you can spend 10-20 minutes filling out the necessary information.
Invoice creation becomes a highly time-consuming and labour-intensive task when dealing with many invoices at once.
It is possible to save all of your client’s information in the cloud using online billing software. There is nothing more to it than logging into the system, selecting the customer to whom you want to send the invoice, entering the amount of time or product, selecting data, and then sending it to the client!
4. Support for IoT usage-based billing
As more and more businesses use the Internet of Things, there will be an increasing need for services that can be monetized. Utilizing effective online billing software, your company will be able to manage all of the usage-based and subscription-based billing for its products and services.
5. The benefits of using a cloud-based system
With cloud accounting software, you can eliminate the possibility of losing data at any time. Your data is always secure, regardless of whether your machine crashes or your email fails.
Every piece of information is automatically recorded and archived on the internet. You have to log in now and start charging your clients.
6. Establishes a company’s brand identity
Cloud accounting software aids in the reinforcement of your company’s identity. You may customize the template by adding your logo, colour schemes, and fonts consistent with your company’s voice.
If you can integrate your company’s brand identification into your invoice creation system, you will significantly improve your chances of being paid on time.
You may also include customized notes on your invoice, such as “Thank you” and “It has been a pleasure doing business with you.” Although these statements may seem to be inconsequential, they have the potential to improve the image of your company significantly.
One of the most significant benefits of utilizing online billing software is that it enables you to automate the whole process of invoicing from start to finish. Aside from collecting recurring payments from long-term clients on time and creating a subscription-based business model, you can also use it to send reminders for future payments or past due payments to customers.
Manually doing these activities requires a considerable amount of time and effort. This software spares you from the difficulties of tracking payments due in the past.
8. The ability to manage subscription billing in a very efficient manner
Organizations that provide subscription-based services understand how critical it is to ensure that the whole billing and invoicing process is efficient and well-managed at all times. You will handle your subscription services invoiced regularly much more simply if you use cloud accounting software. Additionally, it assists you with the administration of free trials, discounts, refunds, one-time purchases, and so on.
9. You can work with a variety of currencies and languages
As a result of technological advancements, we have all become citizens of the world. An Indian web development company may bill customers in the United States. This is why most accounting software for multiple businesses solutions enables its customers to choose whatever language and currency they want. With the advent of cloud-based invoicing and payment processing technologies, it has become simpler for companies to join the worldwide marketplace.
10. Option for a more straightforward auditing process
Estimates, expenditures, and invoice receipts are all stored on the dashboard of your cloud invoicing software, allowing you to manage and audit many accounts from the exact location as your estimates and expenses.
The usage of an online billing software solution such as Moon Invoice enables users to add numerous companies to the same account, each with its dedicated dashboard.
An invoice management system’s dashboard may make things simpler for you when doing financial process analysis.
Do you wish to manage multiple businesses with single invoicing app?
11. Last but not least, it is environmentally friendly
You may not have known that digital invoicing is four times ecologically warmer on average than paper-based invoicing. Digitalization helps to preserve trees, which means that at the end of the day, you are helping to reduce pollution.
Listed above are just a few of the many ways that effective accounting software for multiple businesses may significantly enhance your company’s productivity.
The majority of businesses that manage several company verticals simultaneously have difficulties that you will recognize. Let us have a look at some of the most frequent problems that companies face:
A. Invoice handling has been complex
Managing numerous bills may be time-consuming, and when you are required to manage invoices for various verticals, the task becomes much more challenging to complete.
B. Disjointed client communications
Handling all of your customers’ communication in one location for various verticals may be risky, especially when one error might have disastrous consequences for your whole company. Miscommunication of papers and invoices may have a significant detrimental effect on the success of your company.
C. Expense management that is not disciplined
Managing numerous companies with various accounts on an individual basis is time-consuming. Employees may get irritated when they have to switch between several accounts for invoices from multiple verticals. This can cause procedures to be delayed.
Invoicing software, as well as time and expense tracking for several different businesses
You have a lot to do with several businesses on your plate. Moon Invoice makes it easier to manage your company finances by guaranteeing that you get paid more quickly and spend less time worrying about them.
You may produce personalized invoices in minutes that reflect the personality of your Business. Add a customized thank-you message and send bills to all of your customers from a single, central account by clicking here.
Moon Invoice’s online billing software offers you all the accounting facilities you need to manage your money online effectively. By connecting your company bank account and credit card, you can have your expenditures recorded automatically. With streamlined time tracking, you can more easily manage your time across numerous companies and customers. Create separate profiles for each of your businesses and effortlessly move between them over the day.
1. Invoices that are automatically generated
Invoicing is undoubtedly not your favourite aspect of the work, but you may save a significant amount of time with Accounting software for multiple businesses while generating and distributing invoices. Create recurring invoices for the loyal customers and who you charge every month.
The cloud accounting software allows you to establish recurring profiles in minutes. It will automatically issue bills on your behalf, allowing you to devote your time to more exciting tasks.
Streamline the invoicing process to be as easy as possible for both your company and your customers. It is possible to create billing schedules with online billing software, enabling you to have your customers pay you automatically and securely by credit card every month without having to worry about it.
Your customers benefit from saving time, and you benefit from the financial certainty of knowing precisely when you will be paid. It’s a win-win situation.
3. Reminders to make late payments
Never allow a missed payment to slide through your fingers. Using Moon Invoice, you can automatically email late payment reminders to your customers, so you won’t have to worry about remembering to remind them of all of their payment due dates.
Create a personalized message, set a schedule and then forget all the stuff. Your customers will get polite late payment reminders, and you will not have to lift a finger to do this.
4. Get paid as soon as possible
You have worked hard for your money, and you deserve to get paid as soon as possible. Moon Invoices’ unique accounting software for multiple businesses allows you to submit invoices in a matter of seconds with just a few clicks. To get the most out of this function, be sure to personalize your invoice template with your company’s logo and other branding elements.
5. Fees for being late
Late payments may cause cash flow problems for your businesses, as well as unnecessary worry for you. Running numerous companies is stressful enough, but Moon Invoice allows you to charge late fees to customers to get every dollar you are owed in full as soon as it becomes due.
Set up automatic late penalties that are applied following your particular policy. Unexpected liabilities will never catch customers off guard if you provide your late fee policy specifics in your invoice payment conditions.
These are only a few methods to significantly enhance your company’s productivity via effective accounting software for multiple Businesses. What a pleasure it is to be able to manage all of your company operations in one location. We told you that we would make invoicing easy for you, and here we are, crossing steps each day to guarantee that your company runs smoothly and that it is upgraded intelligently.
Please feel free to contact us at firstname.lastname@example.org or +1-805-491-9393 to arrange a free demo of cloud accounting software and further discussion with one of our IT experts.