Billing and Invoicing initiate the revenue collection process. Timely generation of invoices and dispatch to clients results in quicker revenue generation and when compared with actual payment receipts, enables you to schedule client reminders without infuriating the client because of multiple reminders or untimely presentation.
A billing and invoicing software system needs to be in place that lets you generate timely invoices on finished or semi-finished projects as per the contract and to create payment receipts when actual payment is received against an invoice.
A client may pay in phases, hence the system should be able to generate multiple receipts on the same invoice and add up the net figure receipt.
Service Desktop Pro’s billing and invoicing management module takes the trouble out of manually creating and processing invoices and payment and lets you generate invoices on projects and clients through a standardized interface. Invoices can include billable expenses against a project or client and add the same to the final figure. Taxes and discounts can also be calculated. Upon generation, invoices can be printed or exported to a popular file format like PDF for transmission to clients.
Payment receipts against invoices can be recorded quickly. Multiple receipts can be generated against an invoice in case the client chooses to pay in installments or phases. Subsequent receipts can automatically calculate the amount due against the invoice.
Detailed reports let you track unpaid or partly paid invoices for sending reminders to clients.
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