According to Intuit, self-employed users of its QuickBooks solution have been requesting invoicing capabilities for the firm’s mobile and web solution. The company revealed on Tuesday (Oct. 11) that it is finally meeting that demand.
The QuickBooks Self-Employed web and mobile app now includes invoicing capabilities. The company cited research from the Freelancers Union that found self-employed professionals are owed an average of $10,000 in unpaid invoices. These professionals also spend an average of 36 hours to track down a single missing payment, the report said.
“Managing cash flow can be a huge challenge for self-employed people who don’t receive regular paychecks,” explained Intuit vice president and self-employed segment leader Alex Chriss in a statement. “Adding invoicing to QuickBooks Self-Employed helps freelancers to look professional, gives them added visibility to know exactly when their customers are viewing and paying their invoice and makes it simple for their customers to pay them electronically.”
The invoicing feature extends to QuickBooks’ mobile solution. The feature allows them to generate an invoice with automated formatting and data entry and to send that bill to a client. The platform also supports a summary view of invoices sent, the firm said.
According to Intuit and QuickBooks, digital invoicing capabilities help freelancers get paid faster and electronically, with clients able to pay by credit card or eCheck when they receive the invoice.
The company noted that it will soon be introducing additional capabilities within its invoicing tool for freelancers. Dubbed SmartInvoice, the incoming solution will provide visibility into the status of any invoice generated from the system.