Overview

Finmo’s Accounts Receivable streamlines the receivables process by simplifying operational tasks and minimizing the time spent tracking outstanding invoices. With a user-friendly, no-code dashboard, you can quickly create and manage invoices, enhancing efficiency and productivity.

Key Features

Create and Manage Invoices

Accounts Receivable enables you to create invoices and select templates that suit your needs. All invoices, along with key details such as status, creation time, and amount, are displayed in a single, customizable table for easy management.

Adjustments

Apply adjustments to the invoice amount by either adding extra charges or reducing the total. You can also choose whether the adjustment is a fixed value or a percentage of the invoice amount.

Send Reminders

Effortlessly send payment reminders to customers for pending & overdue invoices with just a few clicks. This feature simplifies the process of following up on unpaid invoices, ensuring timely payments without the need for manual effort.

Re-use Invoice

Quickly re-use invoices, eliminating the need to re-enter repetitive details. This time-saving feature allows to streamline the invoicing process, increasing efficiency and enabling them to focus on other operational tasks.

Recurring Invoice

Recurring invoices enable you to automatically create and send a series of invoices to customers, with payments due on specified dates. Customize the frequency, such as weekly, monthly, or any other preferred interval. Finally, you can also specify how many days after the issue date the invoice will be due.

Create an Invoice

To create an invoice, first select one of the three available templates. If no template is chosen, the default first template is automatically selected. Once a template is chosen and saved, you can proceed with creating the invoice.

Create a Recurring Invoice

When creating a recurring invoice, all the steps remain the same as creating a one-time invoice, with the added step of selecting the "Recurring Invoice" option from the toggle. Once this option is selected, a few additional details need to be entered.

Dashboard

Manage, track, and analyze your invoices and cash impact with Finmo’s dashboard.

Invoice Table

This table displays key details, including the invoice amount, status, and other relevant information, making it easy to manage and track invoices. Select invoices based on their status and preferences, and use the filter option to view other important details.

Invoice Summary

• Total Receivables - Consolidated view of all unpaid invoices.
• Overdue - Invoices that have passed their due date and remain unpaid.
• Pending - Invoices that are open to be paid but haven’t been paid yet.
• Seamless Currency Switching - Effortlessly toggle between different currencies to view invoices in their original formats.

Invoice Lifecycle

An invoice goes through several statuses after creation.