ERP solutions

All About Invoice that you need to know for your Startup


What is invoice?

Invoice-You are running a business. So every day you collect money owed to you for services you’ve provided or items you’ve sold. Right?

Basically, for managing this you need some document for billing etc.

So, in simple language, a document or a bill that shows a specific order’s supplier, customer, date of service, when payment is due, and what exactly the services is invoice.

An invoice also helps to establish an agreement between the you and your customer to pay for the services or goods under the terms specified in the document.

Still have questions? Here’s we are to help you.

Why you need software for invoice?

Whenever you sell a product or service, there is an invoice. If you’re not already using an invoicing software, then you’re doing on Excel spreadsheet or paper work. Right? Which is nothing but wasting money and time.

This is one of the major reasons why you’ll find companies around the world switching over to ERP system.

With over 10+ years of experience and best practices learned from work at over 1000+ worldwide companies. We at Shivit ERP have the ample knowledge to provide your team with a stable and proven competent guidance.

With Shivit ERP your business can harness the power of automated invoice processing, with no interruption to your day-to-day operations. 

So before digging into deep, how we will help you. Let’s first understand why you need Shivit ERP system for your invoice processing.

There is new development inside finance department. Which grasp new inventive procedures, technologies and innovations put account department at the center of the company for esteem creation.

Making new source of money and cost efficiencies that on a very basic level change your business from a cost community to a benefit place.

Important things to know about Invoice

As we mentioned above that invoice is a agreement. What does it mean?

In order to make invoice as a legal document is that both sides have to  agree to the features of the transaction before the invoice is sent. This could be a signature on the invoice.  

If you generating invoice within your own country or state, it can be pretty simple. However, if you have clients abroad, that is when things can get less clear. Your invoices will need to add on GST (goods and services tax) which makes it a legal document.

With the further digitizing around the world, online invoicing is becoming common practice as well.  Sending invoice in Email with attractive template has more open rate than traditional invoices.

There is another  major advantage why you’ll find companies around the world switching over to online invoicing that in case a printed invoice gets lost or a digital file is accidentally deleted, the customer can simply request another digital copy of the invoice.

How Shivit ERP help you for online invoicing

While you can create invoices in Word by playing around with images and templates, it will take a lot of time. It also adds an extra level of work for you as you’ll need to create a separate spreadsheet for tracking all of your invoices and payments, remembering when to send reminders, etc. With Shivit ERP you can do all these things with just two or three clicks. Is it surprising?

Shivit ERP system is easy to use in electronic invoicing and producing purchase orders. We hope you will probably have a discussion with us before making a purchase decision for an enterprise resource planning system to manage your back-office functions.

Here some other article, you might be interested to read:-

Why Industries and Organizations need ERP Software?

Top 10 Reason why Small Businesses Fail ?

Perfect Selection of Web Based CRM Software

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