When choosing online invoicing software, compliance is a major factor to consider. The features of your chosen solution should help make the process of complying with regulations and laws easier for you. In Australia, there’s a range of laws and regulations that must be adhered to when it comes to invoicing and finances. If companies fall foul of this legislation, they could find themselves facing hefty fines or worse (the reputation damage alone can severely impact a business!).
Here are five smart online invoicing features that can help you quickly comply with all applicable regulations:
- Automated Tax Calculation: One of the key elements of invoicing is correctly calculating tax. The best online invoicing solutions will feature automated tax calculations, so you don’t have to worry about the calculations being done correctly.
- Multiple Payment Options: Being able to offer customers more than one payment option (credit card, bank transfer, PayPal, etc.) will not only make them feel like their needs are being taken into consideration but also improve the chances that you’ll get paid quickly and without hassle. As an example, Zeller is a fantastic company to align yourself with because of the payment solutions. What’s more, Zeller offers online invoicing software that will add value to your business.
- Customised Invoice Templates: An invoice template that can be customised to your own business needs and branding is a great way to make sure that your invoices look professional. With the help of online invoicing software, you can create an invoice template that fits your unique business style. It can be used to quickly and easily generate invoices and have them sent out in no time – you can also include all the pertinent information to ensure your business remains compliant.
- Security: In today’s world, security is paramount when it comes to handling sensitive information. With online invoicing software, your data will be securely stored and backed up in the cloud, ensuring that it is always kept safe and secure. This allows you to take advantage of the flexibility of online invoicing without worrying about your data being compromised.
- Tracking and Reporting: Finally, online invoicing allows you to easily track and analyse the performance of your invoices. This can be used to generate reports that show who has paid and who has not, as well as what payment methods are being used and how quickly invoices are getting paid. With this information, you can make better decisions on how to manage your invoices and ensure that payments are made promptly.
By taking advantage of these features, online invoicing can help your business become more efficient, compliant and secure. It also makes it easier to keep track of all your sales and payments, while providing a better customer experience. So, if you’re looking for an efficient and cost-effective way to manage invoicing, online solutions are worth considering. With the right features, you can make sure that your business meets all its compliance requirements and keeps customers happy.
How do you choose an online tool? Firstly, think about YOUR business’s needs: what kind of features do you require, and how will they help you become more compliant? Then look for a solution that offers these features. During this process, check online reviews and testimonials to ensure that the tool is reliable. Also, don’t be afraid to contact the company directly and ask any questions you may have.