Must-have Features of E-invoicing Software

Generating e-invoices is becoming common practice at present irrespective of the domain of business. Since, the paper invoice can be tough to manage and it may also get misplaced.

Moreover, the hassles involved in the traditional invoicing processes need to be eliminated in order to make the operations efficient.

Over the past few years, the e-invoice software in India has changed the game for accounting professionals by streamlining their workflow through integrated system.

Be it the smooth execution of accounting operations, inventory management or database management of clients, there are several tasks which have become simplified with the help of invoicing software.

If you are searching for the best e-invoicing software for your business, then, following must-haves should be checked beforehand:

GST compatibility

After the implementation of GST guidelines, e-invoices should be compatible with the considerations. It further implicates that GST charges should be included in the financial transactions, so that, transparent accounting services are carried out while invoicing electronically.

Create quotes and delivery notes

With the help of account software, you should be able to manage invoices and quotations. Generally, in many situations the customer is not willing to purchase the products or avail services, hence, custom quotes can be prepared by the organization. These quotes can be ultimately converted into invoice with the help of integrated automated solution.

Process online payments

In this tech savvy world, online payments are efficient way to complete the transactions. In order to accomplish this business goal, the payment link is added to the invoice.

This helps the customers in paying online directly with the help of the link. The online payment processing function of the best e-invoice software in India streamlines accounting operations further making the payment details easily accessible.    

Invoice designs should be customized

Every business has unique specifications of products and services to be included in the invoice. Therefore, it is necessary to customize invoices according to the business requirements.

This is precisely the reason why the custom templates can be easily customized by using the invoicing software.

Manage advanced operations of accounts

Inventory management, keeping the data of customers secured, data validation and ensuring all the advanced operations of accounts can be managed without any hassle by using the e-invoice software in India.

On the other hand, archiving the invoice, accepting multiple forms of payment, integrating information with the existing system and integration of analytics are some of the operations which can be addressed with the help of invoicing software.

Multi-currency customization of invoice

Why should just Indian currency be restricted as the payment mode because the customers may also look for the currency of their country to complete the transaction after checking the invoice.

Hence, the best invoicing software should be compatible with multi-currency customization system. This will not hamper the accounts work if the customer does not have Indian currency, the calculation of taxes on transactions can be taken into consideration.

Automated option of sending and receiving invoice

Technologically advanced solution of the accounting software streamlines the daily operations and makes the tasks organized.

The automated option of sending or receiving the invoice will become simplified, if the businesses rely on the functional and comprehensive invoicing software.

Apart from the above points, it can be stated that accounting or e-invoice software for businesses is the pivotal resource for resolving the roadblocks in the traditional system of creating, sending and receiving invoice.

All the functions pertaining to automatic calculations and advanced accounting operations are accurate when the best invoicing software is invested in.

Lastly, it can be summed up that choosing the trusted e-invoice software must be finalized after an in-depth research.