Q: What are the benefits of using a GST billing software?

Automates invoicing tasks, saving time and reducing errors.\n Ensures precise calculations and minimises errors in invoicing.\n Speeds up invoicing processes with automated templates and workflows.\n Organises client information, invoices, and payment records for easy access and management.\n Offers customisable invoice templates and branding options for a professional image.\n Generates reports and provides insights into financial data for better analysis and decision-making.\n Helps ensure adherence to GST tax regulations.\n Enhances client relationships through timely and accurate invoicing.

Question 1

What is billing software?

Accepted Answer

Billing software is a digital tool that helps businesses to automate and streamline their billing and invoicing processes. Also called as GST invoicing software, it is available as an on-premise and cloud-based application. Typical billing software features include invoice generation,inventory management, godown management, payment tracking, e-invoicing, e-way billing and report generation. Billing software helps businesses save time, reduce errors, and improve efficiency in their billing processes.

Question 2

What is an invoice?

Accepted Answer

An invoice is a document issued by a seller to a buyer when a sale is made. It contains detailed information about the products or services and their respective costs. Unlike a bill, which is paid on the spot, an invoice is a request for payment after the order has been delivered. It is more detailed than a bill as it outlines the obligations of both parties regarding payment, due date, and other important details.

Question 3

What is invoicing software?

Accepted Answer

Invoicing software is the same as billing software. When installed on your PC or mobile, it generates invoices for the goods or services sold. myBillBook is one such invoicing software that helps SMBs create personalised invoices in seconds.

Question 4

Which billing software is best for small businesses?

Accepted Answer

Who understands the billing and accounting needs of small businesses better than another small business that has designed India's No.1 billing and accounting? Yes, myBillBook was designed & developed by an Indian SMB to make billing and accounting easy for all the SMB owners in India. With a user base of more than 1 Crore customers, the GST invoicing software has been rated the best billing software for small businesses in India.

Question 5

What is the difference between an invoice and a bill?

Accepted Answer

A bill and an invoice contain almost similar information. However, technically, they’re used for different purposes. A bill is used when the payment is instant, just like a bill issued in a supermarket. On the other hand, an invoice is typically used for payments with a due date, like your internet bill, which has a grace period for bill payment. Sellers typically issue invoices to request payments from clients.

Question 6

What are the top features of a GST billing software?

Accepted Answer

Generates GST & non-GST bills/invoices Generates Delivery Challans, Proforma Invoices, Quotations/Estimates. Inventory Management E-invoicing, e-Way Billing, Accounts Management, Generates business reports, Godown Management, Expense Tracking, Automated Billing, Business Management, User Access Management, Staff Attendance & Payroll, SMS Marketing, Online Store, WhatsApp marketing

Question 7

What is the difference between a tax invoice and an invoice?

Accepted Answer

A tax invoice is a legally binding document created in accordance with tax regulations. To qualify as a tax invoice, it must include all the mandatory information, like the invoice number, GSTIN, etc. On the other hand, an invoice does not necessarily need to contain all the information. It typically contains the amount due for the goods or services sold.

Question 8

What are the benefits of using a GST billing software?

Accepted Answer

Automates invoicing tasks, saving time and reducing errors.
 Ensures precise calculations and minimises errors in invoicing.
 Speeds up invoicing processes with automated templates and workflows.
 Organises client information, invoices, and payment records for easy access and management.
 Offers customisable invoice templates and branding options for a professional image.
 Generates reports and provides insights into financial data for better analysis and decision-making.
 Helps ensure adherence to GST tax regulations.
 Enhances client relationships through timely and accurate invoicing.

Question 9

How does online billing software work?

Accepted Answer

Online billing software is a cloud-based application that can be downloaded on any compatible smart device like a smartphone, tablet, PC, etc. A unique mobile number is required to log in and access the online billing software app, which stores all the information in cloud servers. The billing app with the same login credentials can be used from anywhere and from any device.

Question 10

What is the difference between an invoice and a receipt?

Accepted Answer

An invoice is generated to request payment, whereas receipts are provided as proof of payment. Invoices are generated before the payment, and receipts are provided upon receiving the payment.

Question 11

What is a proforma invoice?

Accepted Answer

A proforma invoice outlines the estimated cost of the transaction and is generated to provide a rough estimate to the buyer. A proforma invoice is generated even before a sale is made.

Question 12

What is an invoice number?

Accepted Answer

An invoice number is a unique 16-digit alpha-numeric number assigned to each invoice generated by a seller. As per GST norms, the series needs to be changed for every financial year. A billing software generates a unique invoice number for every invoice based on the series you set.

Question 13

What is the price of myBillBook billing software for PC?

Accepted Answer

myBillBook offers different plans to suite businesses of different sizes. Do check our Pricing Page to know all the plans available.

Question 14

Is myBillBook available on a monthly subscription?

Accepted Answer

We are currently offering plans on an annual subscription basis.

Question 15

Can I have a free trial of myBillBook app?

Accepted Answer

Yes, if you haven’t used your mobile number to register with the myBillBook billing app, you can enjoy a free trial of 14 days.

Question 16

Can I customize myBillBook subscription plans?

Accepted Answer

Yes, you can contact our customer service team to get tailor-made subscription plans based on your business needs.

Question 17

What is e-invoicing software?

Accepted Answer

An e-invoicing software enables the creation of e-invoices quickly and easily in adherence to regulatory standards. It reduces the steps required to generate e-invoices and makes the e-invoice generation effortless. It integrates with accounting systems for seamless data flow, ensures accuracy, and provides secure transmission methods.

Question 18

What is e-way billing software?

Accepted Answer

An e-way billing software enables the creation of e-way bills quickly and easily in adherence to regulatory standards. It facilitates the creation of e-way bills for the movement of goods, ensuring adherence to specified thresholds and legal requirements.

Question 19

For which businesses or industries billing software is suitable?

Accepted Answer

Businesses from various industries can use billing software. Different types of billing software are available, including restaurant billing software, medical billing software, hotel billing software, and retail shop billing software.

Question 20

Can I generate e-invoices and e-way bills together in myBillBook?

Accepted Answer

Yes, myBillBook supports single-click generation of e-invoices and e-way bills. While e-invoicing, you will find an option to generate e-way bills. You can use the same to initiate your e-way billing process.

Best Billing & Invoicing Software in India

One software for

All your business needs

Your bill, Your Brand Logo

Easily run your business

With the Best Billing & Accounting Software

Anytime,Anywhere!

All-in-one billing software to help grow

your business 0.1x

Experience Effortless GST Compliance with myBillBook Invoicing Software

GSTR Filing

E-Invoicing

E-way Billing

Data Export to Tally

Get more customers, get more from your customers

Supporting businesses from a wide range of industries

Electronics

FMCG

Hardware

Services

Mobile and Accessories

Garment

Pharma

Automobile

General Store

Agriculture