IntroducingWhy Invoicing is Important?

Chetha A. Yim

Published on

large_Why-invoicing-is-important.png

As a small business owner, who manages your own financial records, dealing with financial admin work (Tracking expense and invoice) can consumes a large portion of your time in the day. 

 

To minimize your time with this problem, invoicing plays an important role to help you moving forward with your business while keeping your financial record accountability. And here's how Invoicing is Important for your business: 

  1. To track sales and income: Invoices provide a valuable record of all sales and income transactions which can be used to track sales trends, and create accurate financial statements
  2. Improved cash flow: By sending invoices promptly and following up on overdue payments, businesses can improve their cash flow and keep your business growing.
  3. To comply with tax laws: In most countries, businesses are required to keep records of all income and expenses for tax purposes.