Business Planning
September 13, 2021COVID-19 has hit small businesses hard!! If we are to emerge on the other side of this and thrive, our best chances are to reduce our costs and improve cashflow.
So how do we do that? One way is to digitalize parts of our business like digitizing the invoicing process.
E-invoices automates the exchange of invoices between businesses. There is no need to email invoices, receive them, download attachments, file them enter them into your software and then pay them. Cut out the steps in the middle. Send and receive invoices straight from the suppliers accounting software to the customers accounting software.
What happens when you digitize the invoicing process? Some immediate impacts include:
- Cost Savings – we all know that wages are the single largest cost to our businesses. Well, this automation reduces time spent processing these invoices, office printing and money on paper.
- Faster Payments – processing time is heaps faster. Governments are now onboard with this solution and promise to pay government contractors in 5 days if invoices are sent via e-invoicing solutions as opposed to 23 days processing time for invoices sent via regular invoicing.
- Accuracy – data becomes more accurate with reduces human error due to transfer of information between systems.
All this means greater control over cashflow and timing. The benefits are tremendous, and we think this is the wave of the future.
For this reason, we have partnered with LUCA Plus to enable e-invoicing for our business.
To jump on board with us start e-invoicing all you need to do is follow the following steps.
For suppliers that are using Xero, MYOB and QuickBooks, please sign up for a FREE Starter Plan and enter ANBTRINITY as the promo code.
Step 1: Go to their website and pricing page to sign up for the Starter Plan
Step 2: Connect your accounting software with LUCA Plus
Step 3: Ensure to use claims@trinitybookkeeping.com.au as the email in your existing accounting software for Trinity Bookkeeping Services.
Then done!
For suppliers that are not using any accounting software, please sign up for a Solo Plan and enter TRINITYSOLO as the promo code to receive a 50% off discount (offer ends on 15/10/2021)
Please feel free to Sarah on claims@trinitybookkeeping.com.au for more details.
For any technical/system issues, please feel free to contact Ray from LUCA Plus at ray.wang@lucaplus.com