Tag Archive : invoicing

/ invoicing

Envoice, the simplest invoice app for businesses and cross-border payments company Payoneer are teaming up to bring the best experience to the Payoneer Customers in making it easier for them to send invoices and receive online payments via Payoneer without any additional fees or limits.

Envoice is a free invoicing software for small businesses and freelancers. It’s simple, easy to use and has additional features like recurring invoicing, API integration and team collaboration features that can help Payoneer users easily send invoices to their clients and receive online payments quickly.

Through the integration, the small businesses and freelancers that have Payoneer accounts will be able to:

– receive online payments using their Payoneer account without any additional fees

– receive personalized support with Payoneer for any issues regarding the integration with Envoice.

– receive money online via iCheck without fee

 

Additionally, Payoneer users will be able to benefit from Envoice features such as:

– tracking their paid/unpaid invoices,

– detail report on how much you’ve earned,

– notifications when an invoice is paid or overdue,

– team collaboration

– recurring invoices,

 

We are pleased to partner with Payoneer to offer freelancers and small businesses, a simple and easier way for them to be paid by their clients.

Invoicing: Do it Yourself or Hire a Professional?

Many small business owners struggle when it comes to bookkeeping, accounting or invoicing. Some decide not to use the services of professionals and others tend to pay accounts at the moment they launch their business.

There are situations when business owners decide they will use professional accounting or invoicing only part time like when they need to create a business plan or company formation, to fill in the loan application or create government audit.

In all cases when starting a business you need to focus on the growth of the company and eliminate all time spending tasks.  Because if it takes you 10 hours to do your invoicing, and your time is worth $100 an hour. That’s a cost of $1000 to do your invoicing yourself.

So if you are thinking of doing your invoicing yourself or hiring a professional here are some tips you can take under consideration:

  1.  An accountant can do a complete analysis of your financial situation and offer strategic advice. It’s always good to have a professional take a look at your business finances and give you a clear picture of the whole situation. Even if it just an audit.
  2.  Outsource if you can afford in-house. Many small business owners stick to outsourcing accounting or bookkeeping services for quite some time and in some cases, they outsource them for part-time as they don’t need a full-time person for that type of task.
  3.  If you decide to hire an accountant do that when you are ready to delegate – some business owners need to control everything in order to run their businesses but the moment you let go of some of this control you can focus on your part and that is managing your business and employees. That moment is perfect to hire an in-house accountant.
  4. Hire an accountant when you need to deal with government or audits – these are serious matters where you need to have a professional on board. Have this in mind when you need to fill government paperwork, you are being audited or even in a situation when you need apply for a business loan or overdraft.
  5. Calculate and plan – if you are a small business or you are just starting you can start doing you invoicing or account at first, as there are a lot of tips, tools, and software that will guide you on how to do it best without taking too much time from your core business

Whatever option you choose is up to you and what you think is best for your business.

recurring invoicing

You asked for it, and we built it: Recurring invoicing is now available on Envoice App!

As a small business owner, you can constantly deal with sending invoices on a repeating basis. With Envoice new recurring invoicing tool, it’s never been easier to get paid.

Our recurring invoicing tool is super flexible and will let you decide whether invoices are sent out automatically to your clients.

If you are Envoice existing user all you need to do to start using our Recurring Invoicing Tool is to sign in to www.envoice.in and set it up to start sending invoices automatically. It does not matter if you are sending invoices to your customers at the beginning of the month, end of the month, or every second Tuesday, recurring invoicing works with your schedule to make sure you’re paid on time, every time. Whether your clients are in your country or worldwide, recurring invoicing is here to help you get back to business.

To learn more about how you can start using our recurring invoicing feature see the videos below:

5 things you need to know in order to create the perfect professional invoice for your first clients when starting a business

Did your business just started to boost, and you are caught in the maze called invoicing instead of working on getting more things done? If so, even though it might appear complicated, we all can, at some point, become invoicing masters.

Here are 5 things you need to know in order to create the perfect professional invoice for your first clients:

 

Start at the beginning

The first and most important thing you need to understand is the anatomy of one invoice. It doesn’t matter if you are handling your own invoicing or you hired someone else to do it for you. Here are several things you need to be familiar with:

  • Your invoice should include both yours and your client’s contact information
  • Your invoice should include Invoice number and Due Date
  • Your invoice should include a breakdown list of the service your provide
  • Your invoice can include a Terms and Conditions
  • And of course, your preferred payment methods you want to use like for ex.  PayPal, Stripe, Payoneer or credit card

 

Get paid at once.

Did you know that only 18% of the people who are waiting to get paid more than 90 days, get paid from clients? To avoid not getting paid on time, establish a good paying time cycle for you and for your clients, in order to send invoices promptly. You can have a recurring invoicing schedule and have a specific time when to send your invoices. In the beginning, the best time to send out an invoice is immediately after completing the project/service. You can also assign yourself a day in the week that will be spent on invoicing every week.

 

Track your income and invoices

Same as using a time tracker tool, you can start using an invoicing software which can help you track your expenses, completed projects, clients, send invoices, and much more depending on the software. Some invoicing apps have also recurring payments features and sending automatic payment reminders features that can help you automate your invoicing process and get paid faster.

The good thing about using an invoice software is that you don’t need to worry about tracking the numbers of your invoices or worry if you added the right email address, or contact name, even if your invoice looks professional enough. Almost all of them will take care of those problems and help you save time while invoicing your clients.

 

Don’t forget to follow-up

It’s so frustrating when we have to chase our clients for due payments, spending time in emailing and phone calls instead of focusing on our business tasks. That is why most invoicing solutions have features that will help you set up a reminder emails to remind your clients for due payments.

5 things you need to know in order to create the perfect professional invoice for your first clients when starting a business

Be nice and always ask for a testimonial

It’s professional and polite to say “please” and “thank you”, which will increase your chances of invoices being paid on time. Your customer testimonial is always important, don’t forget to ask for a testimonial from your clients.