![]() ![]() But what you didn’t know is four transactions just occurred on behalf of your business that haven’t been entered into your system yet. You’ve been there: you just ran a cash flow report using your desktop accounting software. In fact, even if your terms state Due Upon Receipt, it doesn’t mean the payment is on its way. Late payments for goods or services you’ve provided probably occur more than you’d like to admit. Regardless of your payment terms, you hope your client pays right away. When you invoice your clients, it’s an unspoken expectation that they pay and within a certain amount of time. Saving time on manually creating invoices.Getting insights on managing your cash flow.Switching to electronic invoices has many benefits such as: When you can leverage the benefits of instant sales, you’re happy and so are your clients. With Canadian self-employment higher than it’s ever been, many of your reps might already work remotely. In fact, many companies consider this standard practice today. It can be done by accessing your invoicing application from your smartphone.Īccording to the GlobalStats StatCounter, an online stat counter, as of 2016, mobile access to the internet exceeded desktop access for the first time. ![]() Mobile invoicing apps make billing your clients even easier–say you or your representative is in the field and ready to make a sale. Options for invoicing from the cloud have even made their way onto your mobile devices. You can build a strong reputation for your company, its partners, and your clients. When you can address issues concerning payments urgently, it works in your favour. With cloud computing, real-time data is instantly available, which means you can take action immediately if necessary. So much of the data you work with every day is pivotal – including your cash flow. With so many systems already operating in the cloud, invoicing is sure to follow suit. Cloud computing is nearly a household term and, as more and more accounting activities find a home in the cloud, more real-time insights and statistics become available. The future isn’t coming – the future is here. What happens when you have a power surge and all your computer hardware at the office fries? That doesn’t happen because you have surge protectors, right? What about fire or flood? There’s no protection for that – and if you save your company data on your hard drive, or worse – it’s on paper – well. ![]()
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