Billing Software and Business Account Different Types to Suit Every Business Need

Billing software has established its unique place and crucial role in enhancing modes of business today. The rapidly increasing local and international business is rendering billing software as indispensable in business, especially in view of the enlarging commerce and requirement of easy and speedy billing functions. You now have special software separately for almost all branches of business. Here are a few of the important ones.

Time and Billing Software: Invoice and Billing software, used mainly in marketing, accounting and law firms, features three essential factors like tracking time, billing the hours of work, and categorizing, and integrating both separately for each project. The developers of these software packages normally include additional features like widgets for time tracking and bells and whistles for scheduling and management of documents. They have also ported an accounts receivable module, and are adept at integrating with type of standard accounting packages.

Legal Billing: Billing Software developers developed special programs for legal billing, by including several features like large bill grouping and trust accounting and reporting, besides other healthy billing and invoice capabilities. Larger law firms could demand a comprehensive software solution to include case scheduling, references to legal research and document management.

Medical Billing Software: Unlike one would normally expect, medical billing software does not resort to hourly based billing, but instead relies on Current Procedural Terminology (CPT) Codes, which are exclusive medical billing codes. When the doctor submits his bills for payment to the insurance company, they will pursue the CPT codes, approve, deny or downgrade them to adapt to their fee schedule.

Inventory Based Billing: This software has wide-ranging use mainly for wholesalers, manufacturers and retail companies who bill when selling inventory. The pricing of the inventories determines the quantum of bills generated by the software. This software has to deal with diverse types of prices like specific price, varying prices or the system will use a markup amount for its billing function. Sometimes, the system will use a markup price above the cost of the item.

Recurring Fees Billing Software: There is no specific software for this niche, which includes regular standard or monthly service billings to customers by home maintenance industries or monthly or annual maintenance IT firms who have recurring bills of the same amount for their customers during each billing cycle. Most such service companies use the time and billing software to do their billing with the help of a special module for recurring fees that they integrate into the software. These companies can also try Name-brand accounting systems software that is ideal for billing of recurring fees. Larger companies and multinationals may go for a third-party billing service that takes on the responsibility for generating the invoices for them.

Arvind Maurya
http://laxmisoftware.comwww.laxmisoftware.com
arvindkum75@gmail.com

Why the Right Billing Software Matters to Law Practices

Your firm can choose from an array of commercial billing software packages but it's important that you choose a product that provides features needed by the legal industry. Generic business software works great for a generic business. However law firms have specific billing conditions that only dedicated attorney time and billing software can satisfy. One such requirement is matter-based billing.

Matter-Based Billing

Common business software is capable of handling client billing, and may even be able to handle multiple billing models such as both hourly rates and flat fees. The problem with using these packages for a law firm is that they break down billing by client and not by assignment. In the legal field, attorneys must separate each matter into a separate billing.

Let's say John Doe is getting a divorce. He wants you to handle that but also wants to update his will and other paperwork to reflect the dissolved marriage. The firm accepts the divorce case at an hourly rate with a retainer and the simple will at a flat fee. These two cases must be kept separate. In particular if the estate planning ends up incurring extra expenses to be billed to the client, the office cannot take that from the retainer for the divorce case.

The Problem of Generic software

A clever lawyer might decide to try to fake it using general time and billing software. You set up each matter as a separate "client", so you have "John Doe-Divorce" and "John Doe-Will". That allows you to keep billing separate and there is no danger of funds from one matter being used in another. All done.

Except that if Mr. Doe calls about his divorce, someone answering the phone and looking at his records might not realize there is also a will matter. Even worse, you might incorrectly link matters. So when Jane Smith calls about her divorce you see "Jane Smith-Will" and assume that's her case as well. Unfortunately it's a different Jane Smith and you just gave confidential information to a stranger.

Law-Specific Software

Legal billing and accounting software keeps matters separate while still relating them to the same client. The billing for each matter is handled independently, so an invoice would go out for the will expenses without touching the divorce retainer. However all matters are linked so users can see a client's entire package of services at a glance without the risk of assuming two people with the same name are the same person.

Arvind Maurya
www.laxmisoftware.com
arvindkum75@gmail.com

Cheque Printing Software Mumbai

Cheque Printing Software

How to make easy billing and accounting system in our company?

Today's Company manage for billing and accounting are very hard because your choice manage choice manually or computerized not proper and not install proper software. if you can select proper   billing and invoice management software then save time and easy manage your company billing & Accounting. We are develop very easy and smooth billing Software for Indian company rules so visit my website www.laxmisoftware.com. I hope your billing & invoicing problem solve.

if any query please reply me
arvindkum75@gmail.com
www.laxmisoftware.com

What’s The Best Invoicing Software For Freelancers?

I get asked often what I recommend for invoicing clients. There are a lot of offerings. After all, you could do it the old fashioned way and use one of those invoice templates that Word and Pages offers (do people really use those?) But you’re probably using, or want to use, software that is built around the act of Indian invoicing.

What do you need your invoicing software to do?

Are you a solo freelancer or a shop of 15? We all have different needs. Some of us, like designers who purchase stock photos and those who need to travel, need robust expense tracking. 

Before you choose a product, make a list of what you need your invoicing and billing software to do. For example, my needs are pretty basic. I need a tool that has projects, and I need the ability to log time in these projects and generate invoices from unbilled time. Bonus points if it’s super easy to see who owes me what and when.

Desktop or Web Based?

Sometimes this is more a philosophical or aesthetic decision. I’m obviously biased towards web based invoice  software – Planscope can’t be downloaded. I personally don’t trust myself to keep my project information on my laptop. The chances of theft or hard drive failure, while thin, are still there. I trust that web application providers do daily backups and take care of warehousing my data. After all, that’s their job(and why I’m paying them.) And yes, we’re extremely paranoid and proactive about securing Planscope’s data.

I’m inclined towards web based software because they tend to run well in any desktop browser – meaning I can access it on my phone, iPad, laptop, or whatever connected computer is closeby. They’re also more likely to have some sort of collaborative abilities, a must if you’re not working solo.

List of some options for invoicing software:

• Harvest This is the product my team and I use. Features include time logging and running timers (though we use Planscope to track our time into Harvest), reports on time logs (by client, project, staff, and so on), generated and manual invoices, recurring invoices (great for retainer agreements or hosting invoices), and expense tracking. Integrates with Planscope
• Freckle Written by two friends of mine, Amy Hoy and Thomas Fuchs, Freckle is a beautiful and simple product meant to make the barrier of logging time as minimal as possible. It also boasts an emphasis on providing reflective analysis on your working habits: Are you spending too much time on unbillable time? Are you lagging on certain days? Features include dead simple time logging, quick reporting, a pulse view that visually shows your work output on a calendar, and invoicing. Integrates with Planscope
• Freshbooks Freshbooks is a full featured product that satisfies a lot of the needs most small businesses have. Two features set them apart: They integrate with a lot of payment gateways, which is super useful if you accept credit card or echeck payments. They also can snail mail invoices, if you have strange, enterprise-y clients who requires such things. In terms of features, they’re pretty similar to Harvest: Time logs, invoices (recurring and generated), reporting, and expense tracking. Integrates with Planscope
• FreeAgent A lot of our users across the pond use FreeAgent, which seems to be the most popular offering in the UK. Unique to most of the other time tracking and invoicing tools, they integrate with bank accounts and help you out come tax time. Other features include time logs, invoicing, drafting proposals, and expense management. We’re working on integrating FreeAgent with Planscope
• Billings The only non-web based product on the list, Billings is a Mac and iOS application. Years ago, when the invoicing landscape was much more barren than it is today, I used Billings – and it’s obvious that it’s come a long way since then. Features include time tracking directly from your operating system, generated and recurring invoices, reporting, and a native iPhone client.
• LessAccounting Written by my super friends Allan Branch and Steve Bristol, LessAccounting has everything a small business needs for bookkeeping. I don’t believe they offer time tracking, but they do let you generate invoices (remember: bakeries, record shops, and other companies that don’t bill for time use it!) Besides invoicing, they integrate with hundreds of banks, let you create project proposals, track vehicle mileage, run reports and manage contacts.

Other time tracking tools (that don’t have invoicing)

• Mite This is another European product, which has worked hard to design a very clean, very simple interface that stays out of the way. Features include time logs and running timers and reporting. We’re working on integrating Mite with Planscope
• Tick Tick is a simple time tracking tool that places an emphasis on fitting the time you log within a project budget (which is something Planscope excels at, also.) Features include easily adding time, quickly seeing what budget is remaining on a project, and reporting.

What do you use to invoice and track time? And if you use Planscope to manage your client projects, what would you like to see us integrate with next

arvindkum75@gmail.com

9323838924

Streamline Your Payable Invoice Process With Invoice Management Software.

Switching from manual payable invoice processing to invoice management software will help any business increase efficiencies. Automating payable invoicing with the invoiceandbilling.in invoice management module makes old-fashioned, paper-based invoice processing a thing of the past. 

Invoice Management Software - Electronic invoice management will make invoicing easier and quicker, at the same time making payment processing more accurate. Having the right invoice management software will eliminate a host of issues that tend to plague the manual creation and filing of invoices, such as duplicate invoicing, lost or misplaced invoices, and slow approval time.
With the laxmisoftware.com invoice management software, your invoice processing procedure will have a system of built-in checks and balances; issues like double invoice entry, wanton spending and time wasted managing paper are greatly diminished. This tool turns your paper intensive process into a more comprehensive invoicing system. The Internet-based software at laxmisoftware.com allows for all the appropriate personnel to easily access it from anywhere.
The relevant personnel will only need to scan paper-based invoices to feed information into the software. With laxmisoftware.com many manual processes are automated, such as application of spending policies and coding to the correct general ledger accounts. The software then uses these policies to ensure that all payable invoices pass company policies and spend limits prior to approval.
Payable Invoices - Finance team members responsible for accounts payable will save time and money with streamlined invoice processing. The software shows you which invoices are ready to be paid, which have not yet been fulfilled, who originated the orders and which staff member subsequently approved them. It gives you the power to dictate spend policies, to approve or disapprove invoices and orders, and to release funds. 

As an executive, laxmisoftware.com will give you real-time access to company spending patterns, enabling you to better understand how money is being spent in your company. You have complete visibility and control into all spending. You can see not only what has been spent but what is waiting in the pipeline to be spent providing much needed information to manage cash flow. 

As an Internet-based tool, the expense software is easy to work with and can be accessed by all designated staff members using a web browser. As such, company personnel from expense submitters and purchase coordinators, to approvers, finance directors and executives, can easily access the tool to create, submit or scrutinize company expenses and cheque printing software also.

Invoice Management Software - laxmisoftware.com delivers spend management products & services for businesses that automate manual, time consuming paper-based processes for company purchases, payable invoices and expense reports, while enabling visibility and control of all company spending.

Arvind Maurya
9323838924
www.laxmisoftware.com