2017-03-01 00:00:00 Bookkeeping English Do you have clients with the same orders or bills every month? If so, it's possible to save time with recurring invoices. With the right... https://d1bkf7psx818ah.cloudfront.net/wp-content/uploads/2017/06/08214210/Business-Owners-Can-Use-Recurring-Invoices-To-Save-Time.jpg Use Recurring Invoices to Save Time

Use Recurring Invoices to Save Time

1 min read

Creating and sending invoices takes time, and in some cases, you may want to save time by using recurring invoices. This approach works for customers who consistently use your services every month or for clients with standing orders. For example, if you own a cleaning company, you can set up recurring invoices for your regular clients, or if you sell ink cartridges and a business orders the same cartridges every month, you may also want to set up a recurring invoice. Small business accounting software such as QuickBooks Online allows you to easily set up recurring invoices. You simply create a new recurring transaction and select invoice. Then, you enter the details of the invoice as usual and choose a billing interval. You can opt for monthly bills, but you can also set up recurring invoices to go out once a week or at a different pace. To stay on top of your recurring invoices, you can instruct QuickBooks Online to email you every time it sends out an invoice, or you can run a report of “automatic transactions” to see which invoices were generated. You may also want to set up email reminders to help customers avoid late payments. Recurring invoices allow you to save time on entering the same details over and over. They are a great way to deal with subscriptions, standing orders, and other regular payments.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Is a Recurring Revenue Business Model Right for Your Accounting Practice?

Do you subscribe to Amazon Prime, Netflix, or Hulu? If so, you’re…

Read more

Go Paperless and Invoice Through Mobile

If your small business wants to reduce waste and improve invoicing, you…

Read more

Bring in Donations Year-Round With Monthly Giving

Fundraising involves a lot more than just collecting donations. A well-rounded fundraising…

Read more