If you happen to own a small business, say if you work from home, you can save a good amount of money when you switch to electronic invoicing.
If you don’t know what electronic invoicing is, allow me to explain.
Electronic invoicing is simply spoken when you do your invoices electronically, over the Internet. You can send and receive invoices, quite so as you would do with the email. For electronic invoicing however, you would use a third-party electronic invoice service provider as an intermediary between you and whoever you send your invoices to.
Basically, what you do is that you invoicing as usual, but you skip the printing part and instead sent the invoice to the provider who will then send it to your supplier.
If that sounds complicated, let me assure you it’s not. Most electronic invoice service providers will have apps available that you can use on your smart phone or computer. With those apps you can create and send your invoices and it is really easy to do.
The best thing about electronic invoicing is that everything goes very fast, basically instantly. Invoices are even automatically received and paid which means there is no long waits.
You can do all your invoices from one central location, which means that organising your invoices is very easy. One of the other advantages of it is also that it can give professionals a lot more mobility they can now do invoicing wherever they are on their phone.
So how would you save money with electronic invoicing?
First, you would save a lot of time with it which you can now put to better use.
Secondly, should you have mailed your invoices by snail mail previously, you are busy won’t have to pay for postage any longer.
Last but not least, electronic invoicing is less prone to mistakes is something else that can save your money in the long run.