A significant portion of small businesses struggle to stay on top of their financial and reporting responsibilities, but the latest software has made such tasks much more uncomplicated. The days of filling out paper forms and using fax machines to send invoices back and forth are ending, yet many companies still rely on dated methods to update their books, calculate their tax obligations and keep their records secure.
2019 has so far seen a rise in many trends regarding invoicing software. Thanks to these powerful accounting platforms, businesses can minimize the risk of costly errors, partially or fully automate cash flow, increase security and reduce their costs. If you haven’t made the switch to invoicing software, now may be the time to start seriously considering it. Keep reading below to learn about the biggest trends in invoicing software – you’ll soon discover how it can help your company in more ways than one.
- Approve to Pay
By giving authorized users the ability to approve bills before they are paid, you can avoid making costly mistakes while adding an extra layer of security to your finances. The last thing you need is for financial setbacks to affect your ability to do business. By being able to store all your bills in one place and approve them before executing payment, you can protect your company from mishaps such as double entry, overpayments and much more.
- Advanced Payables
The best invoicing software allows you to manage your cash flow accurately at an optimum level. You can add payments and bills to your financial calendar automatically, allowing you to track your spending and income daily, monthly and annually without having to sit down with a calculator for hours.
- Automatically Email or Fax Purchase Orders to Vendors
Invoicing software for small businesses now lets you send purchase orders to vendors with a click of your mouse button. You don’t need to spend your precious time printing, scanning and faxing documents because you can do all those things using small business invoicing software. You can save the email addresses and fax details for all your vendors on one solution, which, again, mitigates the risk of mistakes.
- Cloud-Based Storage
Go back 20 or 30 years, and you’d have no choice but to keep a paper trail of all your financial records. Now, you can store such records on servers using the best invoicing software, and you don’t need to take responsibility for keeping them secure. Thanks to cloud solutions, you can safely keep your invoices on remote servers that are continuously monitored and protected by the most advanced encryption technology on the market.
- Link Related Transactions
Organizing your bills, POs and sales orders can be challenging without the use of software. Utilizing the best invoicing software, you can link related documents together automatically, eliminating the need to sift through folders endlessly trying to keep track of your records.
We Endeavor to Develop the Best Invoicing Software for Small Businesses
At ZarMoney, we started developing small business invoicing software in 2006 after recognizing the challenges that companies face regarding accounting. Our solutions are flexible, adaptable and customizable to suit your unique requirements. Best of all, you can try our free invoicing software for small businesses for a month without paying a cent or entering your credit card information. If you’d like to get started with what we believe to be superior free invoicing software, sign up today.