If you own more than one company you can use the billing software solution to easily issue invoices. All you need to do is install the  software and set up a profile for each company you have. You can easily switch between the two company profiles and issue documents without having to exit the program.

The right software can make your accounts more accessible and easier to understand. Having said that, you do still need some basic accounting knowledge to use it.

Although most cloud billing and accounting software offer a free trial, it's a good idea to do some research before choosing a package to test. It will be very helpful for your upcoming tasks.

It helps you to manage the entire payment processes so that you can save huge time and money. Calculating tax is easier with this invoicing tool. You can generate bill receipts by calculating the tax or GST. The state-wise tax reporting within the system helps generate the invoices accurately.

There are a lot of free billing and invoicing software that provide free trial also. Some of them are:-

• Quickbooks
• Xero
• Freshbooks
• Zoho invoice
• and many more....

Having a reliable and advanced solution is very important to win the race. Here are some of the benefits of billing and invoicing software.

• Provides a fast and personalized solution
• Cost-effective
• Manages sales reports
• Makes sales planning/strategy
• Reduces time and money on business operations
• Automates complex business activities 

An ideal solution may boon for your business if it is matching with your business requirements and budget.Here are some of the following aspects that you could consider while looking for right billing and invoicing software:-

• Know your needs
  
• Compare features with different packages
  
• Check all necessary integrations
• Check reviews and rating of the solution that you are going to buy
• Ask for an invoicing software free demo
• Is the solution compatible with the devices and easy to use?

Here are some of the key invoicing software trends:-

• Government-led adoption
  
• The driver of the real-time economy
  
• AI and expanded automation of the invoicing process
  

Under GST, a tax invoice is an important document. It not only evidences the supply of goods or services, but is also an essential document for the recipient to avail Input Tax Credit (ITC). A registered person cannot avail Input Tax Credit unless he is in possession of a tax invoice or a debit note.

As per rule 46 of the Central Goods and Service Tax Rules, 2017, the length of the GST invoice number should not exceed 16 characters, which means, that the GST invoice number can be maximum up to the length of 16 digits.