Entrepreneurship, business management and efficiency go hand in hand. And for most business owners, especially small business owners, keeping financial records can be a daunting task. Daunting, but not impossible, with the right tools and strategies, you can create a seamless financial management flow. One such tool that can revolutionise the way you handle invoicing is Raven Business Banking (RBB).
RBB offers a range of features designed to simplify financial tasks for SMEs and large scale businesses. From managing transactions to sending invoices, RBB provides an intuitive platform that streamlines the process, saving you time and hassle. In this article, we’ll focus on how to effectively send and track invoices using Raven Business Banking.
Getting Started with Raven Business Banking
Before you can use RBB’s invoice feature, you’ll need to set up an account. All you have to do is create an account, complete the verification and you can immediately access its various features, including invoicing.
Creating an Invoice
To create an invoice using Raven Business Banking, follow these simple steps:
Navigate to the Invoices Section: Once logged in to your Raven Business Banking account, locate the “Invoices” section. This is where you’ll manage all your invoicing activities.
- Select “Create Invoice”: Within the Invoices section, look for the option to create a new invoice. Click on it to begin the process.
- Enter Invoice Details: You’ll be prompted to enter relevant details for the invoice, including a title, start and end date as well as a note.
- Enter Recipient’s Information: Next provide the recipient’s name, email address, phone number.
- Add Products: Next, add the products or services you’re invoicing for. Enter each item along with its description, quantity, price, and any applicable taxes or discounts. You can add more than one item by clicking “add item.”
- Preview and Review: Before finalising the invoice, take a moment to review all the information you’ve entered. Ensure there are no errors or discrepancies.
- Send the Invoice: Once you’re satisfied with the invoice, you can send it directly from Raven Business Banking. Simply select the option to send, and the invoice will be delivered to the recipient’s email address as well as a payment link to initiate payments.
Managing Invoices
Raven Business Banking makes it easy to keep track of your invoices and monitor their status. Within this platform, you’ll find tools for managing invoices, including:
- Tracking Payments:Keep track of which invoices are still due, have been partially or fully paid.
- Sending Reminders: Keep your cash flow in check by reminding clients when their bills are past due.
- Generating Reports: Get comprehensive reports on your invoicing activities that offer detailed insights into your business’ financial performance.
Additional Tips for Effective Invoicing
While Raven Business Banking simplifies the process of sending invoices, there are additional steps you can take to optimise your invoicing workflow:
- Set Clear Payment Terms: Be sure to outline your payment terms on each invoice to avoid any misunderstandings or delays in payment.
- Follow Up Promptly: If an invoice goes unpaid past the due date, follow up with the client promptly to remind them of their outstanding balance.
- Offer Multiple Payment Options: Provide clients with various payment options to accommodate their preferences, whether it’s debit card or bank transfer.
Raven Business Banking makes it incredibly simple to send invoices, which is an essential part of operating a successful business. Utilising the user-friendly features and simplified interface of our platform, you can guarantee timely payment for your goods and services while also saving time and reducing administrative cost. Boost your invoicing process’ efficiency by taking charge of your funds with Raven Business Banking today.
