Manage multi currency online invoicing for multiple businesses

You can now use Invoiceplace to take control of your invoicing and quotes if you have run more than one business.

With a Premium subscription manage up to three businesses under the one account. Keep track of all of your overdue, due and paid invoices and quotes for all of your customers in one central location.

If you require more than one business for billing in different countries you can use Invoiceplace to create an invoice in different currencies for your customers, and keep track of total amounts. You can invoice the same customer in different currencies.

How to invoice with different suppliers

Create a new invoice (either a blank invoice or from a template). When you create an invoice you will be able to choose the supplier.

To compare our subscription plans (including a free account) please click here.

Try Invoiceplace today – Easy Invoicing And Quotes From Anywhere. Sign up for free, click here to start.

What are invoice payment terms

When you create an invoice your customer need to know when to pay, and this is dictated by the payment terms.

The payment terms are the number of days before payment is required, ranging from immediate to any number of days in the future. Invoiceplace has been updated to give you more flexibility specifying the payment terms, previously only a number of days could be entered. Now there are more options for indicating immediate payment is required.

Payment terms vary by industry, where you live, who you are selling to and the value of the goods purchased. For example if you have a long term freelance arrangement with a large customer (who pay their bills regularly) your terms are likely to be more generous than for a new customer with a one-off project.

Immediate payment

The following payment terms indicate that payment is due immediately, specifically when the invoice is issued which is determined by the invoice date.

  • Due on Receipt (DOR) – This is used when you ship goods to your customer. DOR means that payment is due when your customer has received what they ordered.
  • Upon Receipt – (See DOR).
  • Payable Upon Receipt – (See DOR).
  • Pay on Receipt – (See DOR).
  • Pay in full on receipt – (See DOR).
  • Cash on Delivery (COD) – Similar to DOR, payment is due when the goods are received by your customer. Today many businesses will accept COD payments in more than just a fistful of banknotes, and can include check or credit card. If you only accept a cash payment you will need to make that clear when selecting the accepted payment methods for the invoice.
  • Collect on Delivery (COD) – This is a variation of Cash On Delivery to avoid confusion as to whether payment is required in cash only. The ‘Collect’ is referring to the collection of payment, not your customer collecting what they bought.

Payment is due a certain number of days past the invoice date

Generally Businesses are more generous with the amount of time required to pay, and allow a certain number of days after the invoice is issued to receive payment.

  • Net 30 – Indicates payment is due 30 days after the invoice date.  The number of days varies, for example ‘Net 7’ indicates payment is required within seven days.
  • 30 – (See Net 30).
  • 30 days – (See Net 30).

Payment terms set clear expectations

Use payment terms when billing to make it clear to your customer when you require your invoice to be paid.

Try Invoiceplace today – Easy Invoicing And Quotes From Anywhere. Sign up for free, click here to start.

Online invoicing for Hong Kong

Invoiceplace now provides easy online invoicing for Hong Kong businesses. You can create an invoice using Hong Kong Dollars (HKD), or if you do business on the mainland you can also manage your billing in Yuan.

To start sign-up for a free account.

Source: Wikipedia

Invoicing the whole nine yards

Invoiceplace now includes Yard as a unit type available when you create an invoice or quote.

Source: Wikipedia

Yard is listed as the last option in the units types of an invoice line item -

Try Invoiceplace today – Easy Invoicing And Quotes From Anywhere. Sign up for free, click here to start.

Take the stairs and reduce premature death by 15 percent

As reported by iTWire, a Swiss study on improving cardiovascular health of employees found that simply taking the stairs instead of elevators at work improves health and fitness.

Seventy-seven employees from the University of Geneva with a sedentary lifestyle (defined as less than two hours of exercise or sport each week, and less than 10 flights of stair-climbing a day) were recruited to the study. Over 12 weeks, subjects were asked to use stairs exclusively instead of elevators at work.

The results were impressive -

[participants in the study] showed a statistically significant decline in waist circumference (-1.8%), weight (-0.7%), fat mass (-1.7%), diastolic blood pressure (-2.3%) and LDL cholesterol (-3.9%).

It was estimated that the participants had reduced their chance of premature death by 15%, and this was achieved without expensive gym memberships or waking at dawn to go jogging. Keep this in mind the next time you need to use the elevator – taking the stairs instead could save your life!

Quote and Invoice templates updated

The Invoiceplace quote and invoice templates have been updated:

  1. Page numbers are displayed in the footer of the page, in the format of ‘[page number] of [total pages]’.
  2. The discount column is not shown if no discount has been applied to any line items.
  3. Line items include numbering.

Click on the image below to view a sample invoice.

Also our free tax invoice template has been updated with these improvements to make your billing look even more professional.

Try Invoiceplace today – Easy Invoicing And Quotes From Anywhere. Sign up for free, click here to start.