Trading and other business feature transactions-cum-deals allow customers and vendors to connect on a global platform. Vendors offer different products and services to which customers respond with the purchase and make payment for the same. To present the bill, online invoicing software is considered to be fast, reliable, and efficient for both parties.

As soon as the invoice is generated and sent, vendors can expect the payment to be credited anytime soon. However, initially, there were some limitations as both the customer and vendors aren’t from the same geographical region and do not necessarily transact in the same currency. Hence, this presented a problem for vendors to get paid on time. Moreover, the currency problem presented more of a challenge to startup enterprises and small business owners.

What is multi-currency accounting software?

Moon Invoice is a multi-currency accounting software helping businesses and freelancers to send invoices and bills in multiple currencies in order to get paid faster. The benefit of subscribing to online invoicing software that helps one bill in different currencies is that one never needs to wait for sending invoices to international clients. Invoices are issued on time thereby eradicating the issue of delayed payments by the clients. 

Currency decimal place challenge

As long as the task of product stocks, import/export reports, choosing a professional invoice template, etc needs to be carried out, an online invoicing software seems to be a perfect choice. But when a vendor needs to calculate tax, enable additional fees to different items, and manage payment amount in the invoicing, most of these invoicing tools or software present a problem. Well sometimes, no matter what currency you operate the amounts in the invoice usually comes down in decimal places. To an international customer this might present confusion, for e.g., it is easier to get a jumble between Japanese Yen (JPY) 100.00 and 10000 Yen as they aren’t familiar with the decimal places.

Currency decimal place challenge-Multi-Currency Accounting Software

Invoice creation in foreign currency

Not necessarily, the invoice currency has to be the same as your base currency which you might have set up in your invoice system. Usually, these online invoicing software aren’t able to format/create/edit invoices in foreign currency, and in certain cases when they do, they are more complicated than being simpler in assisting vendors to allocate specific tasks/products/services to be shown in base currency. Needless to say, setting up tax configurations is altogether another task at hand. Facing such payment-cum-currency related inconsistencies could certainly limit any business’s resources & potential when it could excel in every direction. 

Does your app help with the multi-currency feature?

Moon Invoice: An ideal online invoicing software

Moon Invoice is a simple, easy, and handy invoicing app that lets you generate, manage and track invoices on the go.

Moon Invoice offers you multiple payment options along with multi-currency support. In Moon Invoice from the “Company” tab, you can select the preferred currency for your invoicing system. It offers to select the currency for all the countries and hence, no hassle about the availability to transact in a specific currency.

Moreover, you could certainly allow a discount on the items/invoices. You can add taxes to different companies and items. You can accept payment for the invoices generated using online payment options which ultimately simplifies the payment issue. Moon Invoice supports adding unlimited companies which generate invoices for multiple businesses. You can also manage credits against the invoices on the go using a credit note feature. Sending invoices to multiple contacts or emails is also a one-minute job with our multi-currency accounting software. 

Moon Invoice_ An ideal online invoicing software

Also Read: Here Is How Online Accounting Software Can Help Small Businesses

Conclusion

You wouldn’t want to lose your customer especially when your business is on the brink of acquiring new clients and exploring the potential market. On the contrary, you need an optimum business solution that could cater to any needs of your customers may it be having their invoices in their preferred currency or for any of the features mentioned above. Moon Invoice, multi-currency accounting software can be an integral part of your business with not much hassle. Try Now! Click here to download the Moon Invoice app for Mac OS, iOS, Android, and Windows.

Download our Mobile App

Play store
App store
Play store
App store

FAQ’s