What is recurring transactions?
Recurring transaction refers to a transaction that is charged to the customer on a regular basis with a specific amount. In traditional business operation, this means that you will need to issue the same details/transaction every month. Businesses such as tuition centre and subscription based software companies like TreezSoft require issuing same invoices to customers every month. If you have a large amount of customers, how are you going handle it? Hire more people to just enter the same transactions every month?
Recurring transactions in TreezSoft
Well, the good news is, with the development of technologies in this era, you can set all these recurring transactions to be automated. TreezSoft cloud accounting software is developed to enhance our client’s accounting experience through series of automation and integration. Recurring transaction is one of the features we offer our clients.
Benefits of using recurring transactions in TreezSoft
In TreezSoft, recurring transactions can be customized and set to recur at the period according to your preference. Once done setting, the particular invoice will be automatically created as draft invoice according to the period set. You’ll just have to confirm the drafted invoice when you’re ready to issue the invoice. This will significantly reduce human error (i.e. duplication and wrong information entered) in data entering. Because the more human intervene in data entry, the more chances for human error to happen.
Besides, time and effort in issuing the same invoices can be greatly reduce as lesser time and effort are needed to enter the details of the same invoice. This will in turn greatly increase the efficiency of your daily business operation.
Who will benefit from it?
Recurring transactions in TreezSoft is a great feature for everyone, but it is particularly useful for those company that have to bill the same customer with identical amount.
Industries who will benefit from recurring transaction the most includes education/training service provider, maintenance service provider, membership clubs and utility companies who charge people for services every month.
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TreezSoft is a cloud accounting software for Small and Medium-sized Enterprises (SMEs). It allows you to access your financial information anytime, anywhere. It also allows you to have unlimited users for FREE for your account in TreezSoft. Our aim is to help reduce our clients' time spent on accounting mainly by using our automated processes and integration to help increase their company effeciency at a minimum costs. SMEs can use TreezSoft to keep track their expenses, accounts, daily operation e.g. Point of Sales (namely QPOS) system and etc.
Visit TreezSoft at http://www.treezsoft.com/ to sign up for a 30 days trial account with us!
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