Use the right invoice software to process your receivables in an efficient manner!
- The generation and management of invoices has always been a huge burden and pain point for most businesses.
- An invoice has to spell out every detail of the transaction and the payment to be received and yet be clear and concise.
- Preparing invoices of such a nature calls for specialized software solutions such as POS smart that offer interesting features and customization options.
- POS smart’s capabilities as an invoice software suite are unparalleled. Read on to learn about what POS has to offer in this area.
POS Smart – the best invoice software for your organization
POS has a lot of interesting features and menu options that make it one of the most sought after invoice software solutions. Some of its features are listed below:
- Payments can be received from customers while making Sales Invoice or later through Receive Payment module.
- POS allows you make entry for payment received on a back date. Financial accounting entries will be created on the date, which was selected while creating the receive payment entry.
- Many a times there is a need to delete or remake Receive Payment Document due to some changes or errors.
- You can delete your Receive Payment entries and this will roll back ALL effects of the document being deleted and the database is left clean.
Processing payments is an important ask feature for any invoice software and POS Smart comes up with a variety of payment processing options such as:
Payment by Cash:
- Receive cash payments from customer while making sales invoice.
- Receive cash payments against pending invoices from Receive Payment.
Payment by Cheque:
- Payments can be received from customer as Cheque while making invoices.
- Receive cheque payments against pending invoices from Receive Payment.
- POS gives you complete Check management system where check gets saved with different status:
- Received: When check is received from customer we save it with all cheque details.
- Deposit to bank: Check can be marked as “Deposit to bank”.
- Cleared: Check can be marked as “Cleared” once payment is received. At this time you can clear pending invoices.
- Bounced: If the check “Bounces” it can be marked such.
- Returned to Customer: Mark your cheque with this status if you are receiving payment by cash.
- Financial accounting gets updated only when check is cleared.
Payment by Approved Pending (Credit):
As an invoice software solution, POS Smart allows for a variety of payment options and each of these options are used in many businesses for processing payments and allowing credits to customers.
- Invoice can be made completely on Credit.
- System wide settings, gives you ability to define your store’s Customer Credit Limit policy.
- You can individually define credit limit of customers.
- Invoices made on Credit can be cleared by our Receive Payment system.
Payment by Credit Card:
- Accept card payment while making sales invoice.
- Accept card payment against the pending invoices in Received Payment.
- View details of Card payments in Credit Card Slip Manager.
Payment by Store Credit:
This is an important feature that is sought after today in any top invoice software solution in the market.
- Adjust customer’s store credit amount while making sales invoice.
- Adjust store credit amount against the pending invoices in Received Payment.
Payment by Advance Amount:
- Adjust customer’s advance amount while making sales invoice.
Payment by Gift card:
- Accept payment by Gift card while making Sales invoice.
- Accept payment by Gift card to clear pending invoices in Received Payment.
Payment by Bank Transfer:
- While making sales invoice accept payment received by Bank Transfer.
- Clear your Pending Invoices by receiving payment through Bank Transfer.
Payment by Food Coupon:
- You can use food coupon while making sales invoice.
Payment by Subsidy:
- At the time of the sales invoice you can give some subsidy amount to the customer.
Payment by Discount:
- While receiving amount from customer at the time of the received Payment you can able to give some discount also.
Such diverse payment options for invoices lend POS Smart to be used across multiple businesses and make it one of the most sought after invoice software solutions in the industry.
