Tips for choosing the right billing software for business

Technology to create ease of doing business not to create a headache!

When we start a business there is always a plan for the nature of the business, pricing, manpower, marketing, and supply chain? However, a very limited amount of thought is spent on the billing software?

Many of us will not agree with me but the fact is we presume that since my competitors are using some billing solution and we can just use the same.

The fact is that we have to stop presuming things and if you are trying something new in the business then we should also consider the software we are using.

Be into a traditional business or modern business, investing in billing software is to create ease in doing business and to follow the compliances.

Billing software should not be just limited to billing but a complete system integration for business starting from payment to receivables to that of inventory management.

Before identifying the right solution following are basic requirements in a bill for any business in India.

Brand Name
Business Name and Address
Contact Details
Invoice Name and Date
GST Number

List of Products/Services and respective Cost/Price
Total Amount
Total Tax Deducted
Mode of Payment

Points to be considered before choosing the billing software

What You Need?

For every business requirements are different. For example, if you are into the retail apparel store. Then your requirement is different because you require a billing software that is linked to your inventory too.

What’s Your Budget?

If we are clear about our need which should know our capacity to invest money in technology because it’s not just software but a tool to help you do the business with ease.

What’s There For Your Industry?

If we know our needs and budget for the software, then explore all the available options in the market be it small or big players. This will help you to understand what is in trend in the market and how your competitors are doing their business.

Which Solution Fits?

After comparing all the available solutions which are the solutions that fulfill all the major requirements.

Can My Staff Use It?

If you have identified the right software, then make sure that any laymen can use it with a day’s training.

What Is The Future?

Answer to this question is more related to the business plan. If you are planning to expand via own multiple outlets or through the franchise model. There should be scope to add more store login with admin controls

Can It Be Customized?

If the above points are fulfilled then please do not forget to check if the available software is customizable. Every business has some different requirements based on a business model and the software should be able to fulfill your requirements.