Ensure real-time monitoring of the company's financial stabilityFirst of all, invoice tracking allows you to have an overview of the status of sales , the progress of quotes and invoices or even any reminders to be put in place if necessary. This will allow you to initiate recovery actions if necessary.
To ensure the sustainability of the business, you must maintain a good cash flow . Here again, invoice tracking plays a crucial role since it will allow you to identify invoices awaiting payment or even unpaid (late payment) and to chinese student data carry out reminders as quickly as possible in order to ensure that the company has sufficient funds to ensure its day-to-day operations.
Quick tip: Setting up an invoice tracker can also allow you to schedule reminders manually or automate them so you don't miss any payment due dates.
Indicate the deposit, balance or credit invoicesHave you issued a deposit invoice, a balance invoice or a credit note? Enter them in the invoice tracking. This will allow you to know the amount of the deposit that your customer has paid for a given service, the remaining amount to be paid as well as changes to the amount of invoices already issued due to discounts or returns of goods.