Few Steps to Improve Billing System

Things that can improve your Billing

Billing can sometimes be a nightmare for small businesses. Even after rigorous working & sending invoices to customers’ on-time payment cannot be guaranteed. Small businesses always keep on facing challenges due to late payments, outstandings, cash theft etc. Besides this is a time-consuming cycle, it is also a very risky cycle. However, the importance of this part cannot be ignored. This is the reason it is important for small businesses to have a billing software in place.  

If you are a business owner looking for timely payments and wish to focus on growing your business rather than checking on bills & calling customers for pending payments. Here are 10 easy steps that you can do to improvise your billing process.

1. Optimize your billing

When do you need to send the invoice? What is the correct time for collecting payment? When you should visit your client? These are some very important questions that you cannot afford to ignore at any point. Here a good software for billing comes into play, where the software will suggest you the answers & help you reach invoicing milestones. You can simply feed your billing cycle & client’s specification in the software & the software will remind you when to send the invoice fortnightly, or weekly etc.

2. GST Billing

It will allow you to directly push transactions on the GST portal and file returns from the software. GST is an inseparable part of any business. Filing GST returns is a complex process, organizing document, calculating the taxes, managing hundreds of reports needs lots of efforts. You should use GST ready software to minimize manual efforts.

3. Customer Data Analysis

A retail POS software for billing can convert customer’s data into information that could be useful for your business. In the retail business, you need to build your customers. Customers are the driving force of your business. To delight your customers you can give special discounts and schemes on the birthday and special dates which will help in building an effective loyalty program and increases sales in long term. Moreover, it will let the sale person know what products the customer but frequently and the team can suggest and place the order accordingly.

4. Touch Screen POS

Elevate your POS experiences in the retail store with powerful touch screen hardware with an easily customizable interface. Easily generate bills with a touch and engage your customer touch like never before. The touch screen eases the billing process, your salesperson can easily navigate through the panel, track the products, generate bills without any hassle.

5. Automate your entire process

Automating your billing process is more than just automatic calculations. Learn more about how it can help you:

• Send overdue invoice reminder automatically

• Set up & charge automatic recurring schedules

• Process online invoices & get paid anytime online with SMS link or QR Code

• Create invoices that can be tracked & billed automatically

• Issues sales & credit invoices

The billing and invoicing needs of small businesses may differ from those of large enterprises. There are a variety of invoice billing software solutions for SMBs.

Here’s how they can help small business owners:

• Build and customize professional-looking invoices

• Automate recurring billing and invoicing tasks

• Track payments & invoices & take follow up from customers 

• Use mobile apps to manage to bill and invoicing on the go

• Improve decision-making process with in-built tools & technology

• Manage multiple currencies and languages