Agile Accounting Software for Startups

How Refrens accounting software helps startups to simplify the Invoicing process?

Refrens accounting software is specifically made for startups to make their financial process and invoicing cycle easy, simple, and time-saving. Startups can easily create invoices, edit, manage, and track all their invoicing-related documents and transactions in one place.

It becomes easy for startups to manage and track all the details of their clients for future invoicing; this saves time and effort. When creating the invoice for the second time, the user has only to select the client name, and all other information is auto-fetched to the invoice, which makes it easy to create an invoice in less than 60 seconds. Not just invoicing, if the client is a repetitive one or you have a subscription plan, you can use the recurring invoice feature, which automates your repetitive task.

Customization is one pain point of every new startup; they always have complained that their invoicing software doesn't have many customization options, which is true on one side. Most accounting software does not provide enough customization options.

But in Refrens, there are multiple options such as invoice customization, color option to change the invoice color, add letterhead, footer, custom fields, and many such customizations are possible with startup accounting software. Moreover, you can use the custom formula on the invoice if your invoice consists of more columns than just quantity and rate, which is one of the rarest features other accounting software provides.

Not just invoicing, using Refrens accounting software, you can create quotations, proforma invoices, delivery challan, credit and debit notes, payment receipts, create purchase orders, etc.

Creating, managing, and tracking your potential clients' leads is also one of the important aspects of the business. You can easily change the status of the leads and can set up future follow-up dates. And once the lead gets approved, you can easily convert it to quotes with a single click, saving time and efficiency. To track leads you can use Refrens sales CRM.

Once the quotation is approved, you can convert that quotation to create a proforma invoice and invoice instantly. Similarly, you can create other documents that help you to track financial transactions better. To know more about Refrens billing software, you can click here.

Expense Tracking: Helping startups stay on top of their finances

Now all know that just tracking invoices and payments is not enough for a start. Every business has to incur daily office, rent, or technology expenses.

Record and managing expenses are also important as it helps you to know where your spending is high and how to reduce or atleast control your expenses. Refrens mainly helps startups to record two types of expenses: quick expenditures (petty cash) and normal expenses (startups can record technology expenses, raw materials expenses, etc.).

If the startup is not recording the expense daily and has the practice of recording it every month, then Refrens also has the option for bulk upload, where startups can create all their expenses at once. Along with this, Refrens allows you to manage the vendors and their information so that you can use the data for later use. Click this link to learn more about Refrens expense management software.

As the business grows, every business needs to automate a certain amount of repetitive tasks so that the business can solely focus on the core business.

Some major repetitive tasks include creating an invoice for the same client buying the same products or services monthly or yearly. For this purpose, you can create the invoice only once and mark it as a recurring invoice so that invoice gets created automatically.

Some of the tasks include scheduling emails and sending a reminder of payment. Refrens also gives a unique "Early pay discount" feature that helps recover the payment faster.

One of the major tasks is collecting payment from the client, especially if your client is abroad; it becomes hectic to collect international payments as most third parties and banks take too many charges. Meanwhile, Refrens offers the same payment collection process at cheaper rates than major payment providers and processors. Refrens startup accounting software has an inbuilt payment processing system, which helps startups collect payments easily without integrating third-party payment processors.