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Small business owners, freelancers included, have to invoice their clients at one point or another. The method you choose to invoice is totally up to you. If you are using traditional methods, it is time to change your strategy. Currently, efficient freelancers and business owners use online invoice generating systems. The value of such systems makes them an affordable and great tool.

An online invoice generating system has many benefits. Unfortunately, many small business owners including freelancers do not know this or have never heard about the benefits of using the same. The only way you can understand the importance of such a generator is by knowing its benefits to your business.

‍Image Credits: worktimer.co.uk

The following are 15 benefits of online invoice generators that will help you understand why they are important to your business:

1. Cost Reduction

In a business, you are likely to look for ways and means to cut costs. For a business to thrive, you will need to ensure all costs are reduced if you are to make a profit. All freelancers need to send an invoice to their clients at one point or another. Using old fashioned methods such as paper invoices may be costly. Costs associated with postage stamps, envelopes, and invoice sheets can be reduced when you use an online freelance invoice generator. All you need is an internet connection and a computer. With a few clicks, you can generate an invoice and send it to your client.

2. Time Saving

As a freelancer, you know how important it is to save time. If you are handling more than one client, you need to maximize the use of your time. Sometimes you may find yourself needing to spend more than eight hours a day to work on your projects. With this in mind, creating an invoice that will take some of your time and may affect your turnaround times on projects. Using an online invoice generator will ensure you do not lose precious time creating an invoice. A good generator will create your invoice in less than five minutes. All you need to do is fill in the necessary information and let the generator do its work. Traditional methods of creating an invoice will have some time setback.

3. Organization

Having your finances in order is crucial for your freelance business. If you use normal invoicing methods, you may have trouble organizing your invoices. At the same time, you may fail to remember the invoices that have been paid and those that may be outstanding. Lack of organization leads to loss of revenue due to unpaid invoices.

An online freelance invoice generator can help you avoid being disorganized. They have a section where you are able to manage your invoices. For example, if you sent an invoice seven days ago, you can have the generator remind you to contact the client and ask for your payment. This kind of organization saves you money and time. Additionally, you can have an idea of how much money you have been making for a particular period.

4. Access from Anywhere

Freelancers always use a software on their computer to keep their records. This can be in the form of a spreadsheet or accounting software. The problem with using such a method is you are unable to access the information when you are on the move. For instance, you may get an email from a client who wants to pay you, but they do not have an invoice. Since it may be on your computer, you may not be able to provide this information on an on-demand basis.

With an online generator, you will be able to access your invoices from any location in the world. If a client request for an invoice, all you need to do is access your records using the internet. This means you will avoid unnecessary delays and inconveniences associated with going back to your home or office to access the invoice.

5. Reminders

Running a freelance business is not easy. When you are starting up, you will have very few clients. This means you can be able to monitor their payments and the invoices you need to send to them. However, if you are good at what you do, your business is likely to expand. More clients mean more invoices to manage.

Working and managing invoices is not an easy task. The more clients you have, the higher the risk of forgetting to send an invoice. The good thing about online freelance invoice generator is a reminder. Let’s say you had a client who was to pay you after 14 days. During this period, there is a high probability of you forgetting to ask for payment. Reminders are a feature of most, if not all, online invoice generators. The reminder will ensure you get your payments when they are due.

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6. Read Receipt

You will come across many types of clients as a freelancer. Some are honest while others will take advantage of your laxity. There is a “read receipt” feature you will come across in the majority of online invoice generators. This feature tells you when the client has received and read the invoice. If a client claims they did not get it, you will have proof to show when they got it and when they read it. In case of disputes that result in litigation, the read receipt feature can be used as evidence in court.

7. Get Rid Of Errors

Writing an invoice, especially when you are tired may lead to some errors. You may end up overcharging or undercharging the client. If your freelancing business has grown and you have many clients, you may end up invoicing one client for a project you did for another client. This confusion wastes a lot of time and may portray you as an amateur.

To avoid errors, you will need to use an online freelance invoice generator. It will deal with issues such as invalid numbers or missing information. These generators have an auto-fill feature, which is used to fill in information that you use regularly. When you key in the name of a client, it will auto-fill all the mandatory information. All you need to do is maybe change two or three areas and you are done.

8. Deal With Many Languages and Currencies

When your freelancing business grows, you may end up dealing with clients from different countries. These clients may be using a different currency than what you are used to. If this is the case, you may have a hard time converting the rates to suit their currency. Additionally, you may have problems changing the currency name. An online invoice generator accepts all major currencies. This makes your invoicing process simple irrespective of the location of the client.

Language is another issue with creating an invoice. For example, you may be in the United States and are dealing with a client in Germany. Such a client may need you to send them an invoice in their language. If you do not know their language, you will spend a lot of time trying to translate the contents of the invoice to their language. With an online freelance invoice generator, all you need is to fill in the details of the invoice and click on the translate button. The generator will change the language to suit your preferences.

9. Easy Customization

The good thing about online invoicing generators is the ability to customize your invoice to suit your needs. You can use the templates offered to find one that works well for your freelance business. Alternatively, you may decide to create a unique one using the custom template option. Either way, the invoice creation process will be simple and quick. You will not need to solicit the services of a logo designer or similar freelancers to create your invoice.

10. Security

Security is a major issue when it comes to money related scenarios. You will need to have an invoice system that is secure. Manual invoicing in your office or home may seem secure. However, the risk of loss is higher than you can imagine. With an invoice generator, you are guaranteed of secured SSL communication between you and your clients. Additionally, all the data is stored on secured web servers. This means you can access the data even if you lose your computer or your data is corrupted.

11. Overview of Your Finances

Reports of your business are important if you are to know how your business is going. These will also help you know the highs and lows of your business. Such information can allow you to plan accordingly and will ensure you get an invoicing system that will give you an overview of all your invoices since you began using the system. This information can help you know when you can spend, when you need to save, and when you will need to be careful when spending money. The information will also ensure you do not run your business on too much credit. It is one of the main benefits of using an online freelance invoice generator.

12. Environmental Responsibility

We all know the need to reduce our carbon footprint. Using online resources drastically reduces your carbon footprint. When you use traditional invoice methods, you increase your carbon footprint. This is a result of the use of pens, papers, ink, stamps, and envelopes. The best way to reduce this footprint is by using an online platform.

An online freelance invoice generator will ensure you reduce your carbon footprint. Since the system is on the internet, it will help you reduce the effects use of traditional materials have on the environment. If you are a green person, you will find this to be one of the ways you can help save the environment.

13. One Central Application

Management of your client information and billing information needs to be stellar. Most freelancers who have trouble finding their client information experience this because they have multiple applications for storing this kind of information. You may find it hard to track down a particular client. This may mean you will waste a lot of time trying to find the details of a particular client. You can only be comfortable when you use an online freelance invoice generator to keep such information.

Billing information is another problem for freelancers. If you have more than five clients, it will be quite a challenge to keep all their billing information in your head. Using a paper system is risky due to loss of documents and other risks. The best way to keep this information safe is by using a central application to store this data.

‍Image Credits: collegefundingproject.org

14. Data Backup

There is nothing as important as data backup for any business. The same case applies to your invoices. As a freelancer, you will want to avoid the nightmare associated with losing data. Having a platform that can automatically backup your data will be a plus for you. The good thing about any online freelance invoice generator is a backup feature. This feature ensures all your invoicing data is backed up automatically.

Should you experience any power outages, data corruption of any kind, or burglary, you will find your data saved in the cloud. This means you will not need to spend time and other resources looking for your data. This is important as it will ensure you do not lose any of the invoices you had created.

15. Modernity

All freelancers want to look professional in every way they can. This means they will need to do everything in their power to ensure they portray this image. By using an online freelance invoice generator, you will show your current and potential clients you are up to date with technology. Freelancers mostly use online tools. An online invoice generator shows you are up to date with modern methods of doing business. As a result, it gives your clients additional confidence in your skills.

How to Go About It

Presenting your services as a proficient independent contractor is crucial. One excellent opportunity to do this is creating a great impression on your clients through your invoicing. It also allows you to complete your freelance assignment on a high note. Numerous invoice generators exit out there and it may be a challenge to decide which one fits into your operation.

Your desire may be to generate professionally slick looking invoices and maybe process other business transactions. There are free and premiums options available. You could go for basic looking items or one with options to edit as you go along.

Below are some of the general classifications of generators for you to pick from:

1. Editable Pdf Invoice Generators

Crunch has a range of simple and sleek invoice generators. Their design covers the specific needs of freelancers, small business owners, and contractors in mind. These generators give you various additional advantages that include options for calculating Value Added Tax and editing with Google Drive and Excel.

2. Simply An Invoice For You

These invoice generator service types will simply give you an invoice that has features you require. This service will not attempt to sell you any other services as other free generators want to do. It allows you to create and then post a professional looking PDF-based invoice over the internet.

In addition, it automatically does your taxation and totals calculations for you. It is simple and free. According to this site, you will encounter no adverts and the service provider will not entice you to upgrade to paid-up services. This can be rather refreshing once you have gone through other generators.

3. Simply An Invoice At Once

This is a one hundred percent free invoice generator service type, according to this site. No online registration is required of you to access this service as a freelancer. You will not require an account to generate and operate invoices for your clients.

This kind of service also allows you to upload your own company logo and choose from a big palette of color schemes and item types. Should you happen to have international clients, this service allows you to generate invoices with your preferred currency.

4.The Pay Dirt Option

This generator has numerous options to choose from for anyone uncomfortable with invoicing. It allows payment tracking, gives automatic notices on late payments, and enables credit card transactions. It works with sixteen languages and forty-seven currencies, according to this site.

It Is Your Business

Make your client happy with excellent service delivery but do not spoil a good impression with shoddy invoicing. Any of the above generator forms will enhance your moneymaking transactions.

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