However, if you are a product provider I would suggest that you send out the Sales Invoice with the product, that way you will hopefully receive payment much sooner than saving all your invoicing until the end of the month. Why is this a better idea and why would I bother going into my accounts or word programme to do this, surely it is taking precious time away from making money from selling. It's better to have the money in your bank than in your customers.
One thing that I have realised throughout my career in finance is that a 'sale' is not a 'sale' until it's paid or the money is in the bank. You have to send out your sales invoices in order to receive the money and the sooner you do so, the sooner you will receive the money in the bank and you have to make sure that you let your customers know when their sales invoices are due for payment.
Does any of this ring any bells with you, not quite sure what to do with your invoicing and how to save time; don't worry I can guide you through your systems and help you to find a way of getting those invoices out quicker and the money in your bank, just give me a call or book a complimentary 1 hour review through my online booking system, you choose a time and date to suit you.
In today's world there are lots of online accounting software that can produce a sales invoice from your smartphone, it only takes a couple of minutes. I use Quickbooks online for my accounts, but also use Xero and Kashflow for my customers accounts and both Quickbooks and Xero enable you to send invoices from your phone, how cool is that?