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Frequently Asked Questions
Quick answers to all the questions you may have on Billing Software, Best Billing Software In India, GST invoicing, E-Invoicing, E-Way billing, and GST Billing Software.
What is billing software?
Billing software is a digital tool that helps businesses to automate and streamline their billing and invoicing processes. Also called 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.
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 are the top features of 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 are the benefits of using 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 to use billing software?
Using billing software may not be the same for all billing software programs. It depends on the type of software you’re using. The usage instructions would be completely different for on-premise and cloud-based billing software. When it comes to a specific company’s product, trying the free trial version provided by the platforms and checking the user interface is always a good idea. If you find it difficult, the customer service team is always ready to help you with the right solutions.
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.
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.
What is the price of myBillBook billing software for PC?
myBillBook offers different plans to suit businesses of different sizes. Check our Pricing Page to learn all the available plans.
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 of 14 days.
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.
Which is the best billing software for restaurants?
When it comes to choosing the restaurant billing software, it's important to consider your specific needs and the size of your operation. However, one key feature to look for is POS (point of sale) functionality. This allows for a simplified billing interface, making it easier to generate bills quickly and efficiently - especially during peak hours. One option to consider is myBillBook, which offers a user-friendly POS billing feature that includes multiple bill generation, item-first billing, and other helpful features.
Which software is used for billing in shops?
For billing in shops like retail stores, clothing showrooms, grocery stores, and coffee shops, having easy-to-use billing software is really important. These places need to make lots of bills quickly, with just the basic details. That's where billing software with a point-of-sale (POS) feature comes in handy. You should check out myBillBook – it's a great retail shop billing software with a POS feature specifically designed for retail shops, and it's super easy to use!
How much does medical billing software cost?
The cost of a medical billing software depends on the type of software you choose. An on-premise software would cost more as it involves physical infrastructure, installation, and maintenance. On the other hand, a cloud-based billing software comes with a lower price tag since there is no hardware involved. However, the cost of a cloud-based medical billing software depends on the service provider and the plan you choose. For example, myBillBook offers yearly plans starting at Rs.399 for basic features.
What is GST billing software?
GST billing software is just like regular billing software, except that it adheres to the Goods and Services Tax (GST) regulations in India. This means it functions just like any other billing software while making sure all the calculations are GST-compliant. If you own a GST-registered business, it’s advisable to have GST-compliant billing software. Also, make sure it provides e-invoicing and e-way billing features (which are part of GST regulations) so that you don’t have to deal with the hassle of generating e-invoices and e-way bills on government portals.
What is POS billing software?
POS billing software or point-of-sale billing software could be standalone or part of a comprehensive billing software. In either case, it provides a user interface that facilitates quick and easy billing, which is essential for retail billing in supermarkets, shopping malls, or any other stores with check-out counters. Even for regular businesses, having billing software with a POS billing feature helps them to switch between the billing methods whenever it is essential. myBillBook billing software has an in-built POS feature specially designed for retail establishments. Choosing such software allows you to reap the benefits of both worlds.
What is a subscription billing software?
If your business offers subscription-based services and you bill most of your customers on a recurring basis, then you can opt for a subscription billing software. Subscription billing software not only automates recurring billing but also handles subscription billing cycles efficiently. Other features offered by the software include subscription management, automated invoicing, payment processing, customer management, reporting and analytics. With billing software evolving to offer more comprehensive solutions, subscription or recurring billing is being offered as one of the key features. Consider choosing robust billing software like myBillBook, which not only includes subscription billing but also offers additional benefits such as invoice generation, inventory management, purchase order tracking, e-invoicing, and e-way billing.
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 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 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 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 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 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 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 software is best for invoicing?
Invoicing software is a program designed to create invoices quickly and easily. myBillBook is a popular invoicing software among small and medium businesses in India. Currently used by more than 1 Crore+ businesses in India, the invoicing software automates and streamlines many of your invoicing tasks. It generates GST-compliant invoices, sets automatic payment reminders to your clients, uses the recurrent billing feature for all your subscription billings, and does a lot more.
Finding the best billing software depends on factors like the business size, industry type, billing requirements, etc. As myBillBook billing software is preferred by more than 1 Crore small and medium businesses in India, it is safe to claim that myBillBook is one the best billing software in the industry. Known for its easy-to-use interface and tailored features for small businesses, myBillBook is worth considering for your billing needs.
Is Excel good for invoicing?
Excel could be a decent tool for beginners, freelancers, and those with straightforward invoicing needs. It offers flexibility for creating invoices and a bit of customisation and personalisation for your invoices. However, for businesses with deeper invoice requirements, Excel poses significant limitations. Firstly, you need to create your own invoice template and then manually enter data for each invoice. A simple enter in one data cell would misalign your invoice format. Similarly, a small data error would lead to confusion. You cannot automate or integrate Excel with your existing tools.
Having invoicing software in its place would provide you with features like automated invoice generation, online payment processing, and GST-compliant invoice generation, streamlining the invoicing process and improving efficiency. Hence, while Excel can be a basic invoicing tool, it's good to go for an invoicing software for businesses requiring more invoicing features.
Which billing app is best in India?
With more than 50 lakh downloads and 1 lakh+ reviews providing a 4.7/5 star rating on Google Play Store, myBillBook is one of the most popular billing apps among SMBs in India. The cloud-based billing platform is a made-in-India product specially tailored to meet the billing requirements of small and medium businesses in the country. The billing app is available on both Google and iOS platforms.
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.
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.