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An invoice generator helps accountants and business owners create invoices and credit notes in the standardised format. They can use this online tool to stay on top of every transaction, calculate taxes and get digital invoices that they can store in an organised manner.
KredX offers invoice discounting to businesses and suppliers, allowing them to get immediate working capital from unpaid invoices. Our free invoice generator tool helps people create professional invoices with ease. These invoices will include all the standard elements, such as logo, business info, IRN (Invoice Reference Number) etc.
Read along to know everything about using this tool.
An invoice generator is an online tool that automatically generates an invoice for goods and services. The user needs to enter various business information, customer and name and prices of items to get a detailed invoice in a ready-made template.
While there are plenty of templates available in Word or Excel, an invoice generator creates professional invoices in standard formats according to India’s laws. Using this tool, individuals can streamline their invoice process as cloud billing systems make billing and record-keeping automatic, easier and more efficient.
In India, all taxpayers with an annual aggregate turnover of over Rs. 100 crore need to generate and store e-invoices (1). The Government plans to make e-invoicing mandatory for entities with a turnover of Rs. 50 crore from 15 November 2021 (2).
With e-invoices gradually becoming compulsory, small and large businesses need to start online billing. An invoice generator can create various invoices, such as B2B invoices, B2C invoices, GST invoices, bills of supply, export bills etc. Business owners can use this tool to keep track of inventory, cashflows and payment reminders for customers.
Those who are still using manual invoices can use this simple tool to eliminate human errors and redundancies. It is also useful for employees who would otherwise have to spend hours manually generating invoices.
Follow the given steps to generate online invoices using our free invoice generator:
Step 1: Enter Company Information
One needs to upload the Company Name, address, GSTIN, name of the state and country.
Step 2: Enter The Client’s Information
Enter the name of the customer or their business and full address.
Step 3: Add The Invoice Details
Enter the Item Name, item description, Rate, Qty and Amount.
Step 4: Generate The Invoice
Click on the GeneratePDF button to Download the invoice.
The following are some of the benefits of using this online tool:
The invoice generator offers an easy and cost-free option of generating standard invoices for one’s company. One can then easily store PDFs of these invoices online in organised folders and create automated systems to update new orders and get timely reminders quickly.
No, there is no need to create a new account or log in to use our invoice generator. Anyone can use this free tool on our website.
This tool is 100% free for anyone to use. There are no trails, limitations, hidden charges or login requirements to use this.
No, the invoice generator does not save a copy of the invoices you have entered for privacy and web safety purposes. Thus, it is completely safe to use this tool.
No, we recommend that you download the PDF copy before sharing or printing the invoices.
Bills discounted are considered to be a liability.
Although they are both financing options leveraged by an asset, there is an important distinction worthy of mentioning. With regard to bill factoring, the investor or the finance company owns the sales ledger. In this case, the investor holds the responsibility of collecting the due invoices from the customer. However, in bill discounting, the company itself bears the right to make the collection.
Yes, factoring includes bill discounting, but the customer knows that the invoices have been factored. The provider assumes the responsibility of handling sales ledger