Importance of Invoicing in a Business

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment term. It does not only shows the customer or client how much money is due but provides tax information. Both you and your customers need to be able to track how much is paid or owed, for instance. Because invoices are such an important part of your business records, it's important to get them right. Invoicing includes the following:

• a unique identification number
• your company name, address and contact information
• the company name and address of the customer you are invoicing
• a clear description of what you are charging for
• the date the goods or service were provided (supply date)
• the date of the invoice
• the amount(s) being charged
• VAT amount if applicable
• the total amount owed

It is very important to the business in a way that you will able to know all the transaction happened in the business in easy way. You will no longer write the transaction in a book bacause when you have this invoicing system, it will appear directly to the computer in just one click. The work of the employees will become easier, lesser the time you render and it is faster than writing a receipt.

Impact of Internet to Business

"Internet, gives greater opportunities in business."

Now a days, internet is a trend in business. They use internet in business because they believe that it can make their business easily grow. By using internet, the result of their operation is efficient and it reduces the costs which is a big help in their business. it provides a means to readily adapt technology that lets all workers work from the same system, using the same information at one time. This system supports them in a way that it gives opportunity to take corrective measures in having the information.

It is an opportunity because internet changes the relationship in business with some factors; it has the ability to increase the communication to their internal and external customers, and break down perceived barriers to management. Other factor is that that can easily receive updates from their bosses via the internet, as well as talk to them directly through the web chats. Regarding to their customers, they have direct connection with them having the power to determine when they shop, what they want to shop, and how they want to receive the goods. It able to save the time of the customers to buy some product because they will no longer go to different shopping malls. Indeed, the internet impacts all relationships. Easy access to timely, accurate and targeted information by business and their suppliers, partners, and customers foster relationships that are one to one rather than one to many.