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Clients better appreciate the value of the work—and are more likely to promptly pay the bill— when the product is delivered than if they don’t receive the invoice until weeks later. When a buyer receives an invoice, they’re expected to pay the amount owed within a specific timeframe, which is usually outlined on the invoice. […]

Accounting software packages are specialized computer programs that help businesses track invoices, generate reports, and record and report financial transactions. Large firms may choose complex, customized accounting software packages that track inventory, manage accounts payable and accounts receivable, and handle payroll. For smaller businesses, off-the-shelf packages like those highlighted here can accomplish most or all