Effective bill management is the key to a well-managed business. Whether you have just started a business or running one that is significantly established, you need to ensure that the invoices are tallied regularly and accounted for well. Sadly, it is also one of the most stress-inducing jobs as a business daily runs through hundreds of bills- both sales and purchase invoices.
Managing the invoice data- itemizing charges, adding taxes, checking paid accounts, and identifying bad debts is tough to manage, especially when you also have a business to run to. However, as a small business owner, you cannot manage to outsource professional help considering limited resources to make a profit. Enter- Bill Book App and your worries are sorted.
Free invoicing software makes it very easy to manage your accounts on a day-to-day basis. Just a few clicks and you have a complete account of paid bills, outstanding invoices, and expenses as well as a complete financial account of your inventory.
In this post, we will talk about Bill Book App in detail and understand how using free invoicing software can change your business game. We will also learn about the best free bill book app and how you can identify the best one for your business.
So, let’s get started.
What is a Bill Book?
As a business owner, you must be familiar with the word ‘Bill book’. However, we do not want limited understanding to affect your decision making so let’s start with understanding the term ‘Bill Book’ better.
As per the definition, a Bill Book is a book in which a person keeps an account of his notes, bills, bills of exchange, etc. thus showing all that he issues or receives.’
In simple words, Bill Book is a book that has your complete business accounting details manually entered. Every Kirana or retail store issues a bill to its customers. While some may offer a ‘Pukka Bill’ others make a rough note of all the items bought with prices against them and a total which is paid by the customer- fully or in parts.
No matter whether you make a kacha bill or a proper billing document, on the business side, you need to keep track of your transactions to calculate cash flow and business profits. This is where the bill book plays a crucial role as it serves as a tool for recording all the transactions that you make on a day-to-day basis.
Conventionally, bill books are maintained manually but the game has changed a lot. Today, there are free invoicing software or Digital Bill Books that make tracking bills easier and more accurate.
What is a Digital Bill Book?
Thanks to digitalization, digital bill books are a reality now. By definition, a Digital Bill Book is software that allows the creation of tasks, invoice management, and accounting, as well as serves as a POS.
To put it simply, a digital bill book is a software that takes care of all your invoicing tasks, making it easier for you to maintain your ledgers and business accounts.
The modern digital software is extremely easy to use and offers a wide range of features including but not limited to invoice generators, customizable templates, connectivity with payment gateways, and more.
What to look for in the best bill book app?
There are a range of parameters that help decide whether invoicing software is right for a business. Some of these parameters include:
The ability to customize your invoices is one of the most important features to look for. You are a unique business and hence the billing software should offer you customized billing solutions including templates and billing formats.
The invoicing software must have a wide range of features including but not limited to Order creation, easy inventory lookup, creating invoices, printing and sharing invoices, customer account maintenance, and overall sales ledger including bills paid outstanding and bad debts.
The bill book software should allow report generation on a weekly, monthly, half-yearly, and yearly basis. The sales should be shown in numbers as well as graphs for a better understanding.
Why should a business use a billing app?
A digital billing app is the present and future of business accounting for small businesses. This very app makes it easier and stress-free to maintain business sales and billing accounts with great accuracy. Whether you run a Kirana store, a Dhaba, or are any other merchant, using a digital billing book offers you great benefits including:
- It saves time and money. You can schedule payments and generate recurring invoices which save you time, effort, and other resources. You can also maintain a user database and enjoy seamless operations.
- Information on the go. You can always find the right information about your customer’s accounts and business expenses from anywhere and at any time.
- Easy integration with other platforms. If you are using any other software, the modern digital bill book can be easily integrated into it.
- You can calculate bills and maintain accounts in no time, making it easier for the customers as well as yourself.
- No invoicing was missed. You will never miss any outstanding bill or an upcoming payment once entered into the system.
Slant Billing Software: The best free bill book app for businesses
If you are searching for the best free invoicing software, your search ends with Slant. This free billing software is developed to make business invoicing easier and more accurate for small businesses. It is a feature-rich free invoicing software that allows you to:
- Generate bills online
- Manage your inventory
- Create bills by adding products from the inventory
- Use as a POS
- Manage your sales and expenses
- Get sales to report on schedule
- Set up recurring payments
Slant Billing Software is a reliable and comprehensive bahi kahata app that makes business accounting easy for you. You can use the app to create professional bills, generate recurring invoices and manage business accounts. This is the best app ever that caters to the needs of small business owners including general stores (Kirana Stores), medical shops, restaurants, Dhaba, and retailers of clothes, kitchenware, electrical appliances, and more.
The best part is that this professional billing software is Free.
Download the free bill book app now!