How we manage invoicing in Shimbi Invoice instead of accounting software

Posted on 27 Dec 2021 16:00 in Shimbi Labs Products
by Siddharth Deshmukh

Photo by Scott Graham on Unsplash

 

That we manage our estimates, invoicing, or billing in Shimbi Invoice is perhaps an obvious admission since it is our own product. But it's less obvious to some how that's possible, given the apparent lack of full accounting software features. 

 

Many small businesses can't seem to get over this conceptual hump: How can we manage all our accounting if everything required isn't available?

 

The simple answer is: don't. You don't need accounting software for your Small business or as a Freelancer. For example, if you are a freelance translator, a web designer, or a small company selling handmade products. A wedding photographer or even a small software company like us. 

 

What you need is simple invoicing or billing software. Software that is simple to understand and easy to use because what you need is just to send estimates, create invoices, record some expenses. Automated reminders, online payment options to collect payments on time. That's all you need.

 

The vast majority of freelancers and small businesses never do bookkeeping, accounting, or taxes in-house; they go to a CA/CPA to make the final submission of papers to tax authorities.

 

As a web designer, you are not expected to learn accounting software, but you should be able to send the correct invoice in time to collect money in time. Mom and Pop shop should be able to bill correctly than prepare balance sheets. 

 

Then why do you need full accounting software?

It's because software companies want to sell you and then also charge you for a certified accountant to use that software. Well, we don't say it's wrong if that is the way you wish to go and spend your hard cash.

 

At Shimbi Labs, we developed Shimbi Invoice for people like us. Freelancers, Creators, Small Businesses, and Solopreneurs. 

Here is a story.

 

We use Shimbi Invoice for all our estimates, invoicing, expenses, and quick reports to see where we stand. Then we either provide access to software to CA/CPA or export reports once a year to file the taxes. It is simple, economical, and efficient.

 

Shimbi Invoice API is integrated with our SaaS applications or, for that matter, can be integrated with any website to automatically generate an invoice on collecting payments. Many SaaS companies use it just like us.

 

The entire story is told in two parts: The Shimbi Invoice helps you create accurate invoices, collect payment online or offline, give you necessary income and expense reports. Show the outstandings and send auto-reminders for you. Your CA/CPA then can pull all details of transactions you have done, make a balance sheet, create a Profit and Loss report, determine taxes and file for you.

 

You focus on your trade; let Shimbi Invoice take care of your payment collections.

 

We're here to help people set their sights on the right motivations. Give them ideas to visualize growth by gifting the technical tools to implement workflow automation rather than selling software with 100s of features they will never use.

 

We are your partner in growth. 

            



About the author

Siddharth Deshmukh     
Founder and CEO of ShimBi Labs. Working with Small Businesses and creatively solving their real business problems using technology is my passion. Love #Startups.


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