Online billing and invoicing software operates entirely within an Internet browser and often comes with additional features such as time tracking, the ability to prepare and send estimates and invoices and to accept online payments. This software updates itself, requires no installation, and is paid for with a monthly or annual subscription. Online billing and invoicing software provides an overview of invoices that have been issued and paid, and some financial reporting. You'll find accounting features included with some of this software while others may have apps available that import data into accounting software.
Electronic invoicing systems automate an independent billing system which sends invoices directly to suppliers or customers in any part of the globe. Such solutions are instant cost savers and enable quick retrieval of payment from customers. With an integrated e-invoicing system, companies can improve billing system efficiency and cut accounting costs considerably.