Invoice Place

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.

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!

We are very excited to announce that Invoiceplace has been listed as one of the top 100 Australian Web 2.0 Applications!

This initiative was led by Ross Dawson from the Future Exploration Network, and published online and in print in the Business Review Weekly.

Try Invoiceplace today, sign up for free. Click here to start.

All existing free and paid Invoiceplace subscriptions will be upgraded on the 1st of September 2008. Subscription price hasn’t changed – but now you receive more value. Free and paid accounts will provide unlimited customer records so it doesn’t matter if you have one or ten thousand customers.

The major change is there will be a maximum number of invoices, quotes or receipts that can be created for each calendar month.

Free subscriptions are now the Lite subscription

The free account will become the Lite subscription. This will offer unlimited customer records (was three) and a maximum of five each of invoices, quotes and receipts created each month (this means that you can create up to five invoices, and five quotes and five receipts). This limit resets automatically each month.

20 customer subscriptions are now the Professional subscription

The 20 customer subscription will be the Professional subscription. This includes unlimited customers, and up to 1000 each of invoices, quotes and receipts each month. You can also have up to 1000 products (was 100).

100 and 500 customer subscriptions are now the Premium subscription

The 100 and 500 customer subscription will be the ‘Premium’ subscription also offering unlimited customers and up to 5000 invoices, quotes and receipts each month. There are 5000 products allowed (was 1000) and lets you incorporate one each of a fully customized invoice, quote and receipt print templates (more about custom templates below).

Exclusive upgrade offer – 50% discount on one and two year subscriptions

Does Invoiceplace save you time and helps make your billing easy? Upgrade your existing free or paid account by the 1st of August 2008 and receive a 50% discount on a one or two year Professional or Premium subscription.

Yearly subscriptions already include two months free, and the two year subscription eight months – so take advantage of this special offer for even greater value! Savings below are for US subscribers, please click here for pricing for your currency.

Professional
Yearly – $60USD (was $120USD).
2 Yearly - $96USD (was $192USD)

Premium
Yearly - $100USD (was $200USD)
2 Yearly - $160USD (was $320USD)

Existing yearly accounts will have the number of months remaining converted to the upgraded account type. Also all paid subscriptions provide a 30 day, 100% unconditional money back guarantee.

Do you want to upgrade and save? Click here to contact us.

On the 26th of January (fittingly being Australia Day) Aussie Bloggers has officially launched! The goals of the AussieBloggers site are to :

• provide a resource for new bloggers
• provide assistance in a welcoming (non-threatening) environment
• promote networking of Aussie bloggers
• promote the visibility/credibility of Australian bloggers and the Australian blogosphere

To help you stay up to date with all the latest Invoiceplace news and developments we have embedded articles from our blog in the Home tab.

An official blog exclusively for Google Australia has just been launched -

We were thinking the other day — how is it that Australians can break the 132-year America’s Cup drought, host the world’s best Olympics, win Nobel Prizes and Oscars — and yet not have an official Google Australia Blog?

Too right. So without further ado, consider this oversight fixed.

Welcome to the official Google Australia blog!

The Invoiceplace website front page has been updated:

The phrase ‘Easy Invoicing and Quotes From Anywhere‘ is prominent on the new design and for good reason. Invoiceplace will give you the edge with your billing and help you manage invoicing, quoting and track receipts/payments received no matter where you are and what computer you are using. Use any computer connected to the internet, login to Invoiceplace, create your invoice, print or email directly to your customer and you are done. Simple and professional billing software.

Five important reasons are listed are to why you should use Invoiceplace to manage quotes, invoices and receipts-

1. Take control
2. Sell anything
3. Save time
4. Grow your business
5. Get paid

The benefits and features are listed, and a link to a sample invoice is available:

The five reasons to use Invoiceplace for your billing and invoicing software are accompanied by screenshots:

1. Take control
Take control of your billing - at a glance see what invoices are overdue for payment, what are still due for payment, and what invoices have been paid.

2. Sell anything
Create invoices and quotes for any type of product or service. You can use Invoiceplace no matter what you sell be it paint, jumping castles, hardware supplies, or cell phones.

Similarly if you provide freelance design services, video production, professional photography, cleaning services or car repair then Invoiceplace will also save you time and help you manage your billing.

3. Save time
Email your quote, invoice or receipt directly to your customer.

Your customers will receive an email with a professionally formatted invoice, quote or receipt attachment.

The attachment will be in Microsoft Word© or PDF format.

4. Grow your business
Save time and effort when create quotes / estimates to help you grow your business and keep costs low. Create quotes in minutes, and keep track of your open and expired quotes.

You can also create an invoice from a quote in one simple step.

5. Get paid
Track payments received against your invoices. You can record partial payments and retainers.

According to a 2006 survey by Neilsen Net Ratings, over one fifth of Australian internet users use the free Mozilla Firefox web browser.

In a report detailing Australian internet use in 2006, Nielsen reported that Microsoft’s Internet Explorer was still dominant in the market, with 81 per cent. Firefox accounted for 22 per cent of the market, while Apple’s Safari, which shares some open source code with Firefox, was the third most popular at 5 per cent.

The Australian Trade Commission (Austrade) has produced a guide for Australian exporters who wish to sell online in the United States. The current market is big (US$200 billion in e-commerce revenue expected in 2006), and expected to continue to grow dramatically-

Internet Retailer (www.internetretailer.com), a magazine for e-commerce professionals, notes that 7% of all retail sales already occur online in the US and experts predict 15% of all retail sales will take place online in the US by 2010…

There were some interesting facts about internet use in the US-

• More than 200 million internet users – 68% of the entire US population. This represents a fifth of the total number of internet users in the world (Nielsen Research, January 2006).
• A strong home shopping culture – before the Web gained popularity, US consumers were already comfortable placing orders by phone for products they had only seen in catalogues or on television.
• US$200 billion in e-commerce revenue expected in the US alone for 2006 – over the next five years, businessto-consumer e-commerce sales are predicted to grow from US$172 billion in 2005 to US$329 billion in 2010. (Source: Forrester Research, May 2006).

The report (in PDF) can be found here.