We’re excited to announce the introduction of Online Invoicing in Xero.
With Online Invoicing, a business simply emails their customers a link to a live invoice, which shows the most up-to-date details, including payment status, payment history and a Pay Now button for accepting payments online. Businesses and their customers are both seeing the same documents, at the same time. Invoices can be automagically loaded into Xero, with the associated pdf saving recoding and manual file uploads saving data entry time.
This closes an important loop in the relationship between businesses and customers – financial transactions are being recorded in real-time, so the gap between money flowing and keeping proper business records is eliminated and handled automatically.
With Online Invoicing, suddenly every business can now accept payments online, with a just simple tap of a button. Paying online is dramatically faster and simpler for both businesses and customers. In addition, businesses now know when their invoices have been viewed. Meanwhile, the customer can now see the most up-to-date status of their payments, including all outstanding and overdue payments. This will help you get paid faster. We’ll be adding more payment types over time.
Online Invoicing combined with mobile creates a powerful, integrated invoicing solution – as you can see in the video above.
Over the last 6 years we’ve invested heavily in building a comprehensive online accounting platform that connects small businesses to their accountants, bookkeepers, banks and other online business software.
Now, with Online Invoicing, we’re connecting our customers with their customers and suppliers directly so both money and data flows faster and easier. This is where we believe the internet fundamentally changes accounting for small businesses and over time we believe Online Invoicing will become a standard feature of all accounting software. Both businesses large and small will be electronically connected.
Check out our Help section for more detail on Online Invoices.
We’re excited to hear what you think and your suggestions of where we can take this, and we’d especially like to know what other payment types you’d like us to add.
Some great feedback. We’re written a new blog to explain a bit more http://www.xero.com/blog/2012/10/online-invoicing-your-customers-perspective