What is a Billing SoftwareBilling Software is an advanced computer application program and it is designed to automate billing and invoicing process. Billing software can track product information, employee working hours, expense, client bills, sales and services, the payment received to date and purchase orders. The billing software works in tandem with other accounting and bookkeeping systems, to ensure complete control over your financial dataBilling Invoicing software refers to a tool which generates invoices automatically for payments rendered post-purchase of servicesproducts. The best billing software plays an integral role in any companys accounting and purchasing operations. Invoicing software comes in all variants from basic systems which can only create invoices and ensure that accounting figures are accurate to advanced systems capable of creating an audit trail.Top 10 Billing Software For Retail Business in IndiaFreshdesk Billing SoftwareSage 50 Accounting SoftwareZoho Invoicing SoftwareBillbooks Online Billing SoftwareQuickBooks Invoicing SoftwareSleek Bill Online Billing SoftwareHD POS - Pos Billing SoftwareMarg ERP - Complete Billing and Invoicing SolutionTally ERP9 - Advanced Accounting SoftwareVyapar Accounting SoftwareBilling Software FeaturesGST Billing This GST Filing System software feature is found in top GST billing software enabling businesses to file their GST returns easily. This is achieved by pushing transactions directly into the GST portal. Make your business GST compliant by preparing and filing GSTR-1, GSTR-2, GSTR-3 and GSTR-4 returns online effortlessly with billing software for GST.Cloud-Based Billing With online billing software features allow to easy and quick manage accounting, billing and invoicing and track all the payments and calculate taxes, check real-time report. This online invoice tool helps to view business progress at any stage and any levels.Debt Collection SolutionnbspThrough the debt collection feature found in top billing software, you can ensure whether the overdue bills have been collected or not. You can also identify and resolve issues quicker, which eliminates issues in the debt collection process.Recurring Billing SolutionsnbspThis feature found in many top-notch billing and invoicing software helps the user generate invoices on a recurring basis, irrespective of the customer's billing cycle. Through automatic recurring billing, you can view multiple recurring items and cycles, with a detailed description and date of sale on the same invoice. You can manage both individual accounts and dealer accounts for items such as monitoring fees, maintenance, lease, rentals, etc. which occur on a recurrent basis.Manage Unlimited Contacts ManagementnbspA staple feature of any top billing and invoicing software available in India, you can manage the indefinite number of contacts easily as you have unfettered access to an entire repository of contacts.In-Depth Financial Reports SystemnbspYou can generate comprehensive financial reports quickly without a fuss and check up on payment history, inventorynbspmanagement in hand or sales by productservice. You can even set-up filters to glean data as per different months, quarters or financial year with the best billing software.Timely Revenue Collection SystemnbspGenerate invoices and other billing information pertaining to customers in a jiffy with the top ERP Billing and Invoicing Software solutions. You can easily link sales contracts with the account receivable module. The processing starts as soon as you make a sale or render a service. Most top billing software provide a great deal of flexibility to ease the sales order billing and contract billing process including creating recurring invoices. Whats more, you can support and execute service and maintenance contracts with deferred revenue recognition through advanced invoicing. You can also create accurate customer invoices as final price extensions, discounts, taxes, and expenses are all automatically calculated and itemized.High-Volume Invoice Generation SolutionnbspThrough the best invoicing software, you can simplify the processing of large volumes of documents, to approve eligible shipped orders or delivered contracts in the blink of an eye. Generate, print, credit and debit invoices maintaining a complete audit trail.Financial ManagementnbspSince running a business ends up generating a multitude of invoices, the billing process ends up contributing all the necessary financial posting information needed to update both the companys accounts receivables and general ledger. Moreover, if you wish to inquire about any transactions or balance details, you can do so in a few clicks on top billing software.TaxnbspSolutionnbspThe billing software and invoicing software helps make sense of the tax reports and bring simplicity to the various tax details pertinent to taxable and non-taxable sales.Integrated Reporting SystemnbspWith the best billing and invoicing software in India, you can generate vital audit information, such as sales data, expenses, taxes and financial impact, in addition to basic invoices and other billing documents. Through the ERP Billing module, you can capture fully detailed data to utilize it in accounts receivable subsidiary ledger, sales analysis reporting and more.Who Needs Billing SoftwareBilling Software for Every business, whether its a large and small business or a pop-up store, a supermarket or an MNC, an educational institute, an NGO or your local Kirana shops, needs a billing invoicing software. Through an invoicing software solution, you can create invoices, track expenses and generate multiple reports to intricately analyze and identify whether invoices have been paid, are due or past due date.Your local grocery store can keep a tab on its bills and expenses. GST Billing software for large businesses can help calculate taxes, manage vendors and take care of their purchase orders as well as keep track of time and invoice billable hours. All in all, deploying a billing and invoicing software would sort out a lot of things and make life a lot easier.Functions of Invoice Billing Software solutionInvoice billing software solution is running a traditional business, your usual process must go along the line of making multiple invoices at the end of a billing cycle. Then you print and mail them individually to each customer. A lot of firms are still running their business based on this model, which to say the least, is highly inefficient. Think of the time taken to make the invoice, mailing to the customer who processes and then pays it. And this is assuming your invoice doesnt end up getting lost in the mail. Thats not all. Keeping track of all these bills and invoices is time-consuming which can be better spent elsewhere.This is where the best billing software comes in. With it, you can send out invoices in the blink of an eye and quickly track them. Whats more, you can lower your operational cost while speeding up the payment process at the same time. Another thing to consider is that invoicing software and billing software are two sides of the same coin. With it you can create invoices, creditdebit memos, select batches by sales order, customer, or all available orders and generate multiple sales orders per invoice.Billing Software Offers Multiple Module Such AsAccounting Solutions A vital module of any top billing and invoicing software, its integral when it comes to choosing this solution and pulling the trigger. Your priority should be to seek out a flexible and reliable system that can take care of the myriad accounting tasks with ease. Tasks such as maintaining ledger, accounts payable amp receivables, bank reconciliation, your assets (fixed and variable) as well as liabilities, are managed by the accounting module. Of course, the best Billing and Invoicing Software offers more bells and whistles compared to the run of the mill versions, so go for one which wont burn a hole in your pocket.Tax Management System - This tax management module which assists in carrying out tax calculations automatically, along with tax reporting and integration of multiple tax rates. You can easily collect tax information from all financial documents into one single repository to generate reports necessary for tax filing.Multilingual amp Multicurrency Invoicing Solution You can send invoices in the local language and the official currency of your clientele using billing software. You can also choose to be paid in the currency of your choice. In addition, you can set and update language amp currency in real time. Since the conversions in currencies are done automatically, you can easily keep a tab on any currency gains or losses.GST Tax Invoicing System Found in best GST accounting software, the GST tax invoicing module helps you create GST compliant invoices. The main purpose is to charge the tax while passing on the benefit of input tax credit to the businesses. This module helps create accurate invoices which help filing GST returns an easy affair.Advanced Document Options Solutions This module, part of a majority of billing software, brings a new facet to how you can view and edit documents. Advanced document options include the ability to show the amount in words, the signatory field or round-off the total amount to the nearest even number.Data Backup Function The data backupnbspmodule enables you to store and keep your data secure on the PC and the cloud. Its data restore feature also protects your invoicing database from catastrophic events such as power failure, fire or earthquake.Billing Reports amp Purchase Orders Solutionsnbspwith billing reports amp purchase order module, you can easily create unlimited purchase orders which can be converted to bills as needed. In addition, you can generate billing reports based on the purchase bills as and when required.CRM Billing Solution A part of top billing software, this module lets you store customer and banking information and migrate billing data from legacy systems by integrating CRM systems with secure database development. This makes bill payments convenient as you can integrate mobile apps with card-on-file platforms.Payment Processing System You can process payments via multiple platforms such as Visa, Mastercard, Amex, and Discover. Found in top billing software, it also accepts partial, future, recurring, automatic, and one-time payments without a hitch.Billing System Integrationnbspwith your current billing system, taking care to eliminate duplicate records, saving you a bundle of inaccuracies and unsought pain.Advantages of Billing SoftwareIncreased Productivity With this billing software productivity featurenbspcan automate and streamline your mundane everyday tasks. Tasks such as collection, organizing, and analysis of your most sensitive data becomes a piece of cake. This is beneficial as you can then focus on investing your money in areas where it can be better utilized.Subscription Billing Made Easy with Invoicing - If youve gotten on-board with an invoicing software, youll know that subscription-based services can require a high degree of administration to keep billing and invoicing processes efficient and running smoothly like a well-oiled machine. The beauty of top invoicing and billing software is that along with supporting services which are billed recurrently, it also supports free trials, discounts, refunds, renewals and one-off transactions.Immediately send out invoices The obvious benefit of promptly sending out your invoices is that youre likely to get paid sooner. You can schedule invoices to be sent automatically at specific dates and time, without having to lift a finger. Moreover, you dont require the services of an accountant or a bookkeeper to do the sending, helping you reduce your overheads. Furthermore, you have the facility of generating invoices on the go without being restrained to the confines of an office.Better invoice tracking With a top invoicing software, you can do away with the hassle of checking your bank account every 5 minutes to find out if youve been paid or not. With automatic tracking, you immediately find out which invoices have been paid, which are due and those which are past the due date. You can get an overview of the money owed to you on a single screen. Along with this, you can set up your own personal reminders to ensure you dont skip out on any invoices. The best invoicing software also help you identify which of your clients lag when making payments, thereby affording you the opportunity to modify the payments terms with them, should you wish to do so.Faster payments with online invoicing One of the main objectives of a good cloud billing and invoicing software is to lower the time taken between sending an invoice and receiving the subsequent payment. You receive automatic notifications and updates when your invoice is opened by the customer. Plus, your clients can make payments through various payment portals online meaning you get paid almost instantly. It also affords better security as it uses encryption technology to safeguard invoices, ensuring only those with access can use them.Better cash flow management - You can keep a better track of the companys cash flow by sending invoices to clients directly through invoicing software. Every companys process differs, some choose to send invoices weekly, others make it a monthly affair while some prefer to send invoices every quarter. In addition, you can send out new invoices with a few clicks eliminating the need to search for old invoices. Lastly, you can easily number your invoices correctly by either using a unique client number or a sequential numbering system.Minimized paperwork Even though a paperless office is a dream of many an office, it has yet to bear fruition. Lots of offices still produce a mountain of paperwork which has to be filed, stored, archived and indexed. To add it all up, this takes up space. Since leasing office space is an expensive affair, firms tend to get their paper records scanned and converted into PDFs before shredding them. Here, the question arises why not simply eliminate the need, cost and time spent on this too By keeping your invoices online right from the beginning, you wont have to scan or print them out, since everything wouldve already been archived, indexed and stored electronically. Even though switching to online billing and invoicing software wont make your office paperless, however, youd have made a huge stride towards getting rid of paper altogether.Make client payments easier As reiterated above, if youre fast off the blocks in sending invoices, youll encourage your clients to pay you faster. With the help of best billing software, you can send reminders to clients when payment is due. Also, you have the luxury of offering different payment options such as credit debit card, payments apps, etc. making it easier for clients to pay you. In addition, you can customize the invoice design for each client, without shirking on representing your company professionally. Having a no-nonsense professional approach is likely to induce faster payments as well.Payment Gateway Integration Many customers and businesses are using e-wallets and UPI-based payment systems. Because of which, your billing amp invoicing must support payment received through these gateways and give you the ability to make payments using the same. Extra marks if it lets you integrate multiple payment gateways.Types of Billing Software For Different IndustriesRestaurant Billing SoftwareHospital Billing SoftwarePos Billing SoftwareMedical Billing SoftwarePharmacy Billing SoftwareSchool Billing SoftwareSpa Salon Billing SoftwareGym Billing SoftwareFashion and Apparel Billing SoftwareConstruction Billing SoftwareManufacturing Billing SoftwareBest invoicing software for contractorGet your billing software price list in IndianbspBilling Software ProvidersnbspnbspStarting PricenbspERachana GST Billing amp Invoicing Software3,000.rsTally ERP 9750.rsMonthQuickBooks Accounting2,966.18rsBook Keeper Accounting Software300.rsZoho Books2499.rsNote Product prices provided by OEMs, as per the Indian market standards.