What is billing software?

Billing software is a digital tool that helps businesses to automate and streamline their billing and invoicing processes. Also called as GST invoicing software, it is available as an on-premise and cloud-based application. Typical billing software features include invoice generation,inventory management, godown management, payment tracking, e-invoicing, e-way billing and report generation. Billing software helps businesses save time, reduce errors, and improve efficiency in their billing processes.

What is an invoice?

An invoice is a document issued by a seller to a buyer when a sale is made. It contains detailed information about the products or services and their respective costs. Unlike a bill, which is paid on the spot, an invoice is a request for payment after the order has been delivered. It is more detailed than a bill as it outlines the obligations of both parties regarding payment, due date, and other important details.

What is invoicing software?

Invoicing software is the same as billing software. When installed on your PC or mobile, it generates invoices for the goods or services sold. myBillBook is one such invoicing software that helps SMBs create personalised invoices in seconds.

Which billing software is best for small businesses?

Who understands the billing and accounting needs of small businesses better than another small business that has designed India's No.1 billing and accounting? Yes, myBillBook was designed & developed by an Indian SMB to make billing and accounting easy for all the SMB owners in India. With a user base of more than 1 Crore customers, the GST invoicing software has been rated the best billing software for small businesses in India.

What is the difference between an invoice and a bill?

A bill and an invoice contain almost similar information. However, technically, they're used for different purposes. A bill is used when the payment is instant, just like a bill issued in a supermarket. On the other hand, an invoice is typically used for payments with a due date, like your internet bill, which has a grace period for bill payment. Sellers typically issue invoices to request payments from clients.

What are the top features of a GST billing software?

• Generates GST & non-GST bills/invoices
• Generates Delivery Challans, Proforma Invoices, Quotations/Estimates
• Inventory Management
• e-Invoicing
• e-Way Billing
• Accounts Management
• Godown Management
• Generates business reports
• Expense Tracking
• Automated Billing
• Business Management
  
  • User Access Management
  • Staff Attendance & Payroll
  • SMS Marketing
  • Online Store
  • WhatsApp marketing

What is the difference between a tax invoice and an invoice?

A tax invoice is a legally binding document created in accordance with tax regulations. To qualify as a tax invoice, it must include all the mandatory information, like the invoice number, GSTIN, etc. On the other hand, an invoice does not necessarily need to contain all the information. It typically contains the amount due for the goods or services sold.

What are the benefits of using a GST billing software?

• Automates invoicing tasks, saving time and reducing errors.
• Ensures precise calculations and minimises errors in invoicing.
• Speeds up invoicing processes with automated templates and workflows.
• Organises client information, invoices, and payment records for easy access and management.
• Offers customisable invoice templates and branding options for a professional image.
• Generates reports and provides insights into financial data for better analysis and decision-making.
• Helps ensure adherence to GST tax regulations.
• Enhances client relationships through timely and accurate invoicing.

How does online billing software work?

Online billing software is a cloud-based application that can be downloaded on any compatible smart device like a smartphone, tablet, PC, etc. A unique mobile number is required to log in and access the online billing software app, which stores all the information in cloud servers. The billing app with the same login credentials can be used from anywhere and from any device.

What is the difference between an invoice and a receipt?

An invoice is generated to request payment, whereas receipts are provided as proof of payment. Invoices are generated before the payment, and receipts are provided upon receiving the payment.

What is a proforma invoice?

A proforma invoice outlines the estimated cost of the transaction and is generated to provide a rough estimate to the buyer. A proforma invoice is generated even before a sale is made.

What is an invoice number?

An invoice number is a unique 16-digit alpha-numeric number assigned to each invoice generated by a seller. As per GST norms, the series needs to be changed for every financial year. A billing software generates a unique invoice number for every invoice based on the series you set.

What is the price of myBillBook billing software for PC?

myBillBook offers different plans to suite businesses of different sizes. Do check our Pricing Page to know all the plans available.

Is myBillBook available on a monthly subscription?

We are currently offering plans on an annual subscription basis.

Can I have a free trial of myBillBook app?

Yes, if you haven't used your mobile number to register with the myBillBook billing app, you can enjoy a free trial.

Can I customise myBillBook subscription plans?

Yes, you can contact our customer service team to get tailor-made subscription plans based on your business needs.

What is e-invoicing software?

An e-invoicing software enables the creation of e-invoices quickly and easily in adherence to regulatory standards. It reduces the steps required to generate e-invoices and makes the e-invoice generation effortless. It integrates with accounting systems for seamless data flow, ensures accuracy, and provides secure transmission methods.

What is e-way billing software?

An e-way billing software enables the creation of e-way bills quickly and easily in adherence to regulatory standards. It facilitates the creation of e-way bills for the movement of goods, ensuring adherence to specified thresholds and legal requirements.

For which businesses or industries billing software is suitable?

Businesses from various industries can use billing software. Different types of billing software are available, including restaurant billing software, medical billing software, hotel billing software, and retail shop billing software.

Can I generate e-invoices and e-way bills together in myBillBook?

Yes, myBillBook supports single-click generation of e-invoices and e-way bills. While e-invoicing, you will find an option to generate e-way bills. You can use the same to initiate your e-way billing process.