We all know a good billing process helps businesses save both time and money, yet for many this is frustrating process because of their invoicing system.
So what is the reason that many small businesses find the invoicing process such a pain? There are many ways you can answer this, but we find the most common are due to re-typing and double (sometimes even triple) handling of invoice data, and traditional invoicing software may still require a manual process such as typing each invoice from scratch then posting.
I’m sure you can agree, both the above are time consuming and frustrating for any business owner. Cashflow is essential for every business and if payments are held up due to the invoicing system it could cause problems further down the line. According to data published by Dun & Bradstreet, businesses are waiting 54 days to be paid.
By using the Xero accounting software you can easily raise sales invoices at the click of a button and what’s more you don’t even need to be in the office, just simply login via our mobile app and send them direct to the client straight away. You will find that many businesses tend to pay electronic purchase invoices quicker because they can pay the invoices immediately with the click of a button.
As Xero accounting software is cloud based it links with your online business bank account and will show when payment has been received so bank reconciliation is far faster and you are able to pin point your good payer and potentially bad payers.
To find out more about Xero accounting and how it can help make your sales invoicing easier, call our Manchester Xero Accountants on 0800 020 9542 or email hello@JacRox.co