#processing invoices for payment

[triridbilling]

Billing and Invoice Process for Small Business

Invoicing vs. Billing

Invoice is an office based document and process where a seller distributes a commercial document displays the profit or sale from one business to another business or consumer, owners etc. It may contain information about the particular party name, product quantity, tax, and GST and payment terms.

On the other hand, a Billing is a sales document that mostly deals with the payment for purchasing items, products or services with respect to. It’s either written in a piece of paper or in electronically format to serve as a transaction happens between the buyer and the seller or else vice-versa.

What is an invoice?

An invoice is an item or product based document that maintain track of products or services delivered to the customer, customer, total amount, dues etc.

Invoices are nothing but the commercial records that helps organizations and companies to get paid for their services.

Who uses an invoice, and what is the purpose?

Invoices are used by the small vendors.

It helps to keep an account of the sales or supplies.

To keep the track of inventory of the business.

It can also be used as historical data for future prediction.

To keep track of business income for tax purposes.

What are the best invoicing tools out there?

Creating a manually invoicing is always stressful, sending it out, and also taking the follow up too consume lot of time. Even more stressful for any business or organizations is the recurring invoices that consume lot of time and money cost.

The main benefits of choosing right billing software are to manually manage the data in a spreadsheet format. The TRIRID-Billing software is easy to use and take less time to generate receipt.

Whether you have a small, medium or large business, TRIRID-Billing software keep tabs on every transactions. It means that no need to worry about entering a tab every time on your keyboard from computer before you perform accounting transactions.

With the help of TRIRID-Billing software you can see exactly when a consumer opens the invoice a perform necessary transactions. You can easily check your transactions and other necessary tasks anytime anywhere.

With TRIRID-Billing software you can store your invoices in the form of data files on your Computer/Mobile/Tablet etc. Now you have rights to access to them without use of any paper.

For More Information:

Call @ +91 8980010210

Visit @ https://tririd.com/tririd-biz-gst-billing-accounting-software

[tojisun]

.

[fininformatory]

Procure-to-Pay (P2P) is a process

Procure-to-Pay (P2P) is a process that manages the purchase of goods and services in a business, from requesting items to making payments. Here are the key steps involved:

Identifying Needs: Recognising the requirement for goods or services.

Requisition Approval: Approval of purchase requests by relevant authorities.

Supplier Selection: Choosing suppliers based on price, quality, and delivery time.

Purchase Order Creation: Issuing a formal order to the supplier with details.

Receiving Goods/Services: Inspecting goods upon arrival to ensure accuracy.

Invoice Matching: Verifying the supplier’s invoice against the order and receipt.

Payment Approval: Reviewing and approving the payment.

Payment Execution: Processing payment to the supplier.

Record Keeping: Storing transaction records for compliance and future reference.

P2P helps businesses control costs, improve efficiency, and maintain compliance with policies. Automation of this process, through systems like SAP or Oracle, can further streamline operations.

[payomatix]

Tackling Cart Abandonment with Digital Payment Solutions

Cart abandonment is a prevalent challenge in the e-commerce landscape, with studies indicating that nearly 70% of online shoppers leave their carts without completing a purchase. A significant contributor to this issue is a complicated or inefficient payment process.​

Leveraging Digital Payment Solutions

Implementing advanced digital payment solutions can address these issues and enhance the customer experience:​

Seamless Online Payment Gateways: Offering a user-friendly payment gateway ensures quick and secure transactions. Features like one-click payments and mobile optimization can significantly reduce checkout time.​

Multiple Payment Methods: Providing various payment options, including credit/debit cards, UPI, mobile wallets, and Buy Now, Pay Later (BNPL) services, caters to diverse customer preferences and reduces the likelihood of cart abandonment.​

E-Invoicing Solutions: Instant invoice generation and automated payment reminders can reassure customers and encourage them to complete their purchases.​

Optimized Checkout Experience: Simplifying the checkout process by minimizing form fields, offering guest checkout options, and ensuring fast processing times can enhance user satisfaction and reduce drop-offs.​

For a deeper dive into this topic, check out the full article here: How Digital Payment Solutions Can Reduce Cart Abandonment

[shinkei-shinto]

I'm so tired of sellers requiring that I break P*Pal ToS because they don't want to pay fees.

Like, I'm sorry the service you are using to accept payments because you are literally incapable of doing it all by yourself requires that you pay them for using their service it's almost like that's how the whole entire world works & it's almost like you? are being paid? for doing a service? as well????? gosh.

it's also illegal - against their terms - to demand that the client pays the fee that the seller pays for USING THEIR SERVICES. so much so that the site HIDES THE FEE FROM THE PAYER. it's almost like you, the USER OF THEIR SERVICES, should know how much their fees are and WORK THAT INTO YOUR PRICES, just like THE SERVICE ITSELF TELLS YOU TO DO.

:ugh:

[ibrinfotech2024]

Billing Software Development Services IBR Infotech

IBR Infotech specializes in providing custom billing software development services designed to streamline your invoicing, payment processing, and transaction management. Our solutions offer seamless integration with existing systems, ensuring accurate, automated billing processes that enhance financial operations.

With a focus on user-friendly interfaces and robust security, our billing software helps businesses reduce manual errors, improve cash flow, and maintain compliance. Whether you're a small business or a large enterprise, our scalable solutions can be tailored to meet your specific needs, ensuring efficiency and accuracy across your billing cycles. Let IBR Infotech transform your billing system into a powerful tool for financial management and business growth. Read more -https://www.ibrinfotech.com/solutions/custom-billing-software-development #BillingSoftware #SoftwareDevelopment #CustomBilling #InvoicingSoftware #PaymentProcessing #TransactionManagement #AutomatedBilling #FinancialManagement #SecureBilling #BillingSolutions #ScalableSoftware #BusinessSoftware #CashFlowManagement #BillingSystem #TechSolutions #EnterpriseSoftware #BillingServices #FinancialTech #SoftwareDevelopmentServices

[illusioncanthurtme--art]

aND tHen OnE thInG LEd tO AnoTHeR ThINg...

THEIR KARAOKE NIGHT OCCUPIES EVERY CORNER OF MY BRAIN!!! HE👏FUCKED👏THAT👏TRIANGLE👏

(This is my first ever Patreon exclusive print! Details + ramble + how to purchase below the cut:)

I'm so excited to share this drawing!! Originally, I had drawn this doodle last year, and I've always wanted to come back to it, make it into something better. And so, THIS IMAGE was born in my mind. This is a visual I've had stuck in my head for MONTHS and I'm so glad I finally got it out of there. 😭

It wasn't easy. I knew I wanted to make this a digital drawing, because I felt like the medium would lend nicely to an airy, soft vibe, as opposed to the pencil texture that's usually in my work. But I'm NOT used to digital art, especially when making full illustrations where you're aiming for perfection. I'm pretty sure this is the longest amount of time I've ever spent on a digital drawing, and "trusting the process" was hard because it's not a process I'm used to. But a week and 172 layers later, I'm happy with it! It turned out SO gaudy, SO gratuitous in it's mushy colorful-ness. Rainbows and sparkles and shit everywhere. Truly the gayest karaoke night ever.

(People on the patreon discord liked the updates I shared, and the possibility of doing a companion piece came up - Bills pov. So that's a potential goodie on the horizon!)

Now onto the print:

This is a patreon exclusive 8x10 inch print with no bleed on semi-gloss photo paper. If you're interested in buying this print, it's $20 + shipping for those in my $5 patreon tier! Purchases are made through paypal invoices, but I'm open to other payment methods as well. International shipping is available, but shipping cost will be higher outside the US/Puerto Rico. To buy this print, send me a DM on patreon. Please ask if you have any questions!

A link to my Patreon!

[centelliltd]

Effective Accounts Receivable Management: 15 Signs You’re on Track 

Overviewing B2B Accounts Receivable Management

Accounts receivable (AR)—also known as outstanding invoices or trade receivables—is critical to your business’s cash inflow, liquidity, and operating efficiency.The AR management process itself, however, is not that simple and comprises many sub-processes spread over several phases, mostly intertwined.  

Thus, each step contributes to the AR cycle, helping your collections come in faster and more seamlessly. Yet, like every other business function, your AR department can’t be flawless and efficient all the time.  

Sporadic issues? That is perfectly normal! 

In this article, we’ll spotlight some favourable signals that your accounts receivable operation is on track and contributing positively to your business finances. 

How Effective Is Your Accounts Receivable Management: 15 Positive Signs 

The positive impact of AR management reflects in a healthy cash inflow and overall business efficiency. So, while challenges are inevitable, you gain significant benefits by identifying and capitalizing on the strengths of your AR process. Also take a stock of weaknesses and address them lest they add to your bad debts and disrupt cash flow.  

The following 15 positive signs indicate that your accounts receivable management is truly effective and driving your business toward financial stability. 

1. Definitive Credit Policy: Beacon to AR Operations

You have a clear and well-documented credit policy in place.  

The credit policy includes essential details and metrics regarding eligibility criteria, credit terms, standard practices, approval mechanisms, exceptions, review & renewal, and other relevant parameters. This mitigates credit risk and ensures consistency in credit decisions. However, a lack of clarity leads to inconsistent credit decisions, increased risk of bad debts, and customer dissatisfaction. 

2. High Invoice Accuracy Rate: Key to Healthy Payment Collections  

Errorless billing and seamless invoice processing!    

Yes, it is important to put every essential piece of info on the invoice document, and make sure it is dispatched to customers via agreed channels on time. This allows customers to understand what they are being charged for and the payment schedule. Inaccurate or unclear invoices can cause misunderstandings, disputes, and delayed payments, however. 

Simple service invoice template. Source: Microsoft.com

3. Reduced Days Sales Outstanding (DSO) i.e. Getting Paid Faster

Your DSO numbers are within an acceptable range.  

A lower DSO indicates that your customers are paying their invoices promptly, improving cash flow and liquidity. Conversely, a high DSO can indicate inefficiencies in the collections process, leading to cash flow challenges and increased risk of bad debts.  

Generally, businesses aim for a DSO or average collection period of 30 days or less for sales on credit. Notably, a 45-day period is acceptable for most. Furthermore, DSO levels vary across industries. For instance, in industries such as oil & gas, architectural and engineering services, and management consulting, the AR cycle can stretch beyond 60 days.  

Cyclic or seasonal industries may experience fluctuations in DSO throughout the year, however. 

Here is a survey that analyses Q2 2023 DSO, DPO, and DIO performance of 1,000 of the largest public companies in the United States.  

4. Multiple Payment Options—Settling Invoices Faster!  

Providing multiple payment options—credit card, bank transfer, or online payment systems—to your customers for invoice settlement? Convenience matters!  

Offering multiple payment modes makes it easier for customers to settle their invoices faster, improving cash flow, therefore. Limited payment options, on the contrary, can lead to delays in payment processing and increased DSO as a result. 

5. Fixed Billing Cycle & Proactive Receivables Tracking

You have a fixed billing cycle—monthly or bi-monthly?  

Inconsistent invoices are difficult to track and follow up on, whereas a fixed cycle allows for effective tracking and timely reminders. Any lapses would mean missed opportunities to collect payments and an increased risk of aging debt. However, don’t barrage your customers with too frequent reminders! 

6. Timely Account Reconciliations: Finding and Fixing AR Inaccuracies

Your accounting team diligently matches and updates accounts.  

Timely reconciliation of AR accounts brings accuracy to financial records and helps spot discrepancies or errors. Delays and oversights can, however, lead to financial misstatements and difficulties in receivables tracking.

Regular account matching and timely closing are handy for audits and legal proof, furthermore. 

7. High Operating Efficiency: AR Management & Execution Bearing Results

Low AR operating costs and optimized resource utilization!  

Systematic and efficient accounts receivable management help streamline resources and workflows, reducing fixed and variable operating costs. This is very important because process inefficiencies—from invoicing to processing to compliance—can escalate costs at every step, thus reducing ROI and overall impact.

8. High Compliance: Elevating Accounts Receivables Management with Best Practices  

Your AR transactions and records meet prevailing regulatory and industry standards.  

Adhering to federal, state, and industry-specific requirements minimizes the risk of fines, penalties, and legal issues. Non-compliance can result in reputational damage, financial losses, and legal liabilities on the other hand. 

9. Positive Cash Flow—AR administration Heading in Right Direction  

Your cash inflows are in the green! 

The state of cash flow, working capital, and expense account depends heavily on how well your company manages its accounts payables and receivables. Favourable cash inflow indicates that payments are being received in a timely manner, allowing businesses to meet their financial obligations.

It’s a sign that your accounts receivable management is impactful.

10. Reduced Aged Receivables: You’re Handling AR Skillfully  

Well, AR aging percentages vary from industry to industry—10 to 15% is generally acceptable.  

Minimizing aged receivables reduces the risk of non-payment and write-offs. A high volume of aged receivables can strain cash flow and increase the risk of bad debts. Most companies run aging reports monthly, quarterly, or yearly to overview theirAR performance. 

11. Collection Effectiveness Index (CEI): Outstanding Receivables to Cash

Your CEI is on the higher side!  

A high CEI in AR accounting indicates that the collections process is effective in converting outstanding receivables into cash. But a low CEI suggests inefficiencies in collections efforts, leading to delayed payments and cash flow problems. Accurate invoicing, clear communication with buyers, and persistent follow-ups help bolster your collection efforts. 

12. Robust Monitoring & Review:  Elevating AR Operations

Regular monitoring and in-depth review of accounts receivable process and performance allow businesses to identify issues and implement corrective actions promptly. Failure to monitor and review AR operation consistently can result in missed opportunities to improve accounts receivable and collections while mitigating risks.  

Also, it is particularly important to filter customers who consistently delay payments. heir consistent delays pose challenges to your cash flow and liquidity management, and overall profitability.

13. AR Performance Benchmarking by Industry 

This says a lot about how your overall AR administration is panning out.

14. Sound Customer Relations: Managing AR and Trade Relations Effectively

Your customers and clients pay you on time!  

Issues, if any, are sorted amicably based on trustworthiness and transparency from both sides. Maintaining positive relationships with customers strengthens trust and loyalty, potentially leading to repeat business and referrals. 

15. Reduced Debt Risk: Robust Accounts Receivable Management & Control

You are maintaining a low bad debt expense. Well done!  

This means you are doing a good job limiting instances of overdue payments, aging receivables, and receivables that are no longer collectible. Businesses can reduce their bad debts risk considerably via effective AR management. Which of course also helps minimize the impact on cash flow.

Absolutely critical as poor management of AR and collections can increase the risk of exposure to bad debts! 

Closing Note

Timely and accurate collections are the ultimate goals of accounts receivable management, whether B2B or B2C. Furthermore, achieving this with minimal operational costs and hiccups is the ‘icing on the cake’. This can be challenging, of course. Here, outsourcing provides an excellent avenue to build your AR process at a significantly lower cost than in-house operation expenses! 

Get in touch with Centelli if you are seeking a competent accounting outsourcing services partner. We provide reliable, end-to-end AR accounting that fit your business needs and budget. 

[margbooks]

Explore the importance of cloud billing software for businesses. Discover the key reasons why integrating billing software is crucial for enhancing efficiency, accuracy and financial management in your organization. From faster invoicing to improving customer experience, learn how this essential tool can streamline processes and drive growth. Unlock insights into the benefits and features of online billing & accounting software to make informed decisions for optimizing your business operations.

[teemapp-invoicing]

[ifindtaxpro]

💼 Streamline your business finances with the perfect billing software! Discover essential features and considerations to ensure seamless invoicing, payment processing, and financial management. 💰💻 #BillingSoftware #FinanceTools #SmallBiz

[luwha]

LMAO so, recently someone tried to SCAM me, so i'll show you what happened and the telltales of it being a scam.

This one is quite obvious but i know people who are just starting their artist careers and might not have experiece.

Follow the thread:

🚩#1: They pick your most famous/Popular art as reference. They don't know what you actually sell.

🚩#2: They will pick a random popular character. They're not roleplayers or anything. They're not here for the art in any level

You ask me, what are the odds they really like Goku? Oh, well, you'll see. At this point i check their profile for anythign that might indicate it, but as you'll see you won't have to.

🚩#3: They say they saw my ToS. On it i state i only work with paypal and google forms.

🚩#4: Random issue with payment method. They might have a real problem with it, but see; they'll never ever accept any other payment method, such as Zelle, CashApp, Payoneer, Ko-fi, etc.

I already knew this drill so, let's continue.

🚩#5: I love playing dumb lmao. Anyway, this scam revolves on them either sending you "too much money" and asking it back or something like it. I won't be following through because i know it'll be annoying.

BE ADAMANT WITH YOUR METHODS. Do NOT EVER bend them for randos.

🚩#6: They're so ready with the info on how the payment works it's fucking funny.

The reason I PERSONALLY use PayPal INVOICES (no any other payment within paypal) is that they're safe for both me and my client. My rules are stated clearly.

MAKE A ToS I BEG YOU YOUNG ARTIST

🚩#7: They're not even a good scammer lmao they REFUSE to go on my PROFILE to get a link or read anything.

I use Forms because it collects the client requests and it's easier for me to read it all in one place. It ALSO makes scammers bored.

🚩#8: They're so disinterested on the art they don't care for posing, vibes, colors, nothing. Again, they're NOT here for art. That's hilarious.

🚩#8: Same as above. They don't care for posing or anything.

On my art they link me, i have a vampire almost staking himself in a state of euphoria.

IMAGINE VAMPIRE GOKU STAKING HIMSELF THAT'S SO FUCKIGN FUNNY MY BRO, THINK YOUR SCAM THROUGH MAYBE

🚩#9: They will price your own work for you. And they'll overshot what we, smaller artists, charge for it.

They'll overshot by a lot.

They want you to be impressed and showing "generosity" usually gets people who need monay into risky situations. That's just plain cruel.

🚩#9: Same as above. Over generosity and eagerness to pay.

They're not even with the sketch, this haven't been an hour, they don't have any work form me but OH GOD they're SO READY to pay you NEED TO KNOW they WANTS TO PAY YOU SO BAD

Lmao yeah it's working out ❤️

THIS ONE IS JUST HILARIOUS BRO I CAN'T EVEN.

ANYWAY let's continue

🚩#10: They don't know me. They don't follow me. They broke every rule on my ToS. They're making me go through a payment method i am unfamiliar and don't use.

They don't care for my process. They're not interested on my sketch.

BE. ADAMANT. ABOUT. YOUR. RULES. AND. PROCESS.

Now, for the beautiful closure of this:

Have a ToS. Don't bend the rules for randos.

Use Invoices. Be sure you're safe.

Use forms if you'd like. Requests through DM and Discord ARE COMMON FOR OTHER ARTISTS. I personally don't like it, i have ADHD.

Being an artist on an online space is dangerous. If you need help, poke an artist you know, see how they operate and if it fits you. Most of them would help you.

🚩#11: goku isn't even on their icon 😭

This is the account that tried to scam me.

#art is life ❤️

[technicalfika]

Mastering Accounts Payable: 15 Common Interview Questions and Expert Answers

Preparing for an Accounts Payable (AP) interview is a crucial step in securing a position in this vital finance function. To help you excel in your interview, we’ve compiled a comprehensive guide that covers the 20 most common AP interview questions, each paired with expert answers. In this article, you’ll gain valuable insights into the world of AP and enhance your chances of acing your…

[ezariumi]

Ezariumi 2025 Commissions: OPEN!!

Commissions are now open. From now, all through 2025!! 

Have any characters or OCs you'd like to see in my art style? I draw characters and pairings of all genders and combinations.

Please DM me if interested for commission! ദ്ദി ˉ͈̀꒳ˉ͈́ )✧

Guidelines: OCs and characters from just about any fandom are welcome*. Everything Safe for Work (SFW). Not for commercial use. 

I accept references in the form of both images and text descriptions. References can also be in the form of multiple different images such as collages, moodboards, etc. Please note that written descriptive references without any supporting images will have an extra $9~15 charge for character design depending on complexity. 

I issue invoices. I do not accept other modes of payment.

Note that for full color with shading and lighting, I utilize a mix of painting over and under the linework layers. The linework and color layers are not separable. 

The coloring technique I use offers slightly more leeway in making corrections in the later stages of the rendering process. Up to 30% of the placement of characters and objects within the illustration can be altered after the linework and during the work-in-progress coloring stage.

WIPs will be shared through direct messages at various stages of progress from sketch, color palette testing, linework, during the coloring process. Expect to be kept updated with upwards of 3 to 7 WIP updates/images. 

Working time may range from 3 weeks to 3 months depending on the complexity of the illustrated work. I will work on several pieces concurrently, however, there may be a waiting list.

Please specify if I can post either the full or cropped illustration upon completion or at a later date. 

*I reserve the right to decline your commission request if I do not feel confident or comfortable in what you have proposed for me to draw. Thank you for your understanding.

Please allow up to 3 working days for replies. (I may reply back at odd hours.)

[omaano]

⭐COMMISSIONS ARE OPEN⭐

Reblogs are deeply appreciated even if you cannot afford to ask for a commission ❤️ And if you'd like to support me and my artwork n any other way - like with a small tip - I have a ko-fi too ❤️

I’d be happy to draw your OC, favourite character or ship for you; you may check out my art tag for other examples of my work on top of what is in this post, as well as previous commissions I had drawn. If you have further questions don’t hesitate to DM me, or send me an email at omaano.art@gmail.com - detailed descriptions, and reference pictures are greatly appreciated! I truy love learning more about your characters and their backstories through the art process :)

Text transcript of prices, DOs and DON'Ts and additional information under the cut, I encourage you to check that out as well ->

Prices, payment and refund options

All prices are in USD and to be paid through PayPal invoices upfront. Cancellation of the commission is only possible before work on the piece is started. Once the sketch is finalized no refund is possible.

Prices:

Headshot/bust: sketch $25, lines+light shading $40, full render $50

Half-body/waist-up: sketch $40, lines+light shading $55, full render $70

Full body: sketch $50, lines+light shading $70, full render $90

Art Nouveau Inspired full illustration (frame and flowers or text included in price):

Headshot/bust: $60

Half-body/waist-up: $90

Full body: $120

Extra characters are +75%

Simple background is included in the price, anything more complicated (background, very detailed clothing/armour/jewelry/tattoo etc. - clone armor is the baseline) can be negotiated for extra ($15+, or 50% of the full price for a detailed background. Let it be its own supporting character :) ).

DOs and DON'Ts

I WILL draw: OCs, fan characters, self insert characters, fanart, ships/couples, mild nsfw (e.g. blood, scars, suggestive themes, if an antique statue could get away with it, then so can I. If unsure please ask)

I will NOT draw: mecha, anthro, shio art with real life people, or anything I feel uncomfortable with

How it works

Commissioner will receive digital goods - I'll send the high-res version of the commissioned art piece via email. Check-ins can be done via DM or email.

3 minor changes are allowed (e.g. hand placement, flat colours etc) at check-ins with the sketch and colour concepts. Other major changes (like changing the pose after the idea of the sketch is finalized) will cost extra $10+.

I have the right to refuse to accept a commission. The work is for personal use only and cannot be used for commercial purposes. I retain rights to the artwork. The commissioned drawing is not to be used in any AI training program or any NFT-related project.

You may post the finished piece to your social media accounts with credits to me as the artist. I might want to post the piece to my own socials as well but I will ask for your permission for that first.

For detailed Terms of Service and further information please check out the following link.

I’m looking forward to working with you :)