Digital bank Monzo has introduced new and improved invoices on Business Pro.
The team at Monzo notes that they’ve made in-app invoicing “better” in order to give users more time “for what really matters (like running your business, being with family, or queuing for an al fresco meal).”
Monzo Business Pro users may send their customers PDF invoices, however they .like. The Fintech firm explains that before, they’d email invoices you created in Monzo to your clients for you, but now, to send an invoice you can simply share a PDF via the Monzo app — “however you like.”
Monzo writes in a blog post that “whether it’s by text, email or WhatsApp, you can share an invoice with your customers however you usually communicate with them (it “looks a lot slicker, too”).”
There’s also an option to preview a PDF invoice before sending it, so users are able to make sure “everything looks right.”
The Monzo team also mentioned that you may add extra information. New footer space “means you can add in even more detail to your invoice, so customers know exactly what it’s for (and you’ve got the summary section for that too),” the digital bank noted in its blog post. It also mentioned that you might “use that extra space to summarize a job, drop in reference details or a link to your terms and conditions.”
Now, it’s also possible to “stay VAT-compliant more easily” with Monzo Business Pro. The company explains that you may add discounts or VAT amounts “as separate line items in your invoice.” It’s now “much clearer when you’ve got multiple VAT rates (or discounts for specific items) in a single invoice,” the Fintech firm noted.
If you’re looking to try invoices out, then make sure you’re using the most recent version of the Monzo app, and then head on over to “Invoices”, under the “Payment” tab, the digital bank noted while adding that if you’re not currently a Monzo Business Pro client, you may get “easy invoicing, automatic tax saving and much more – for £5 a month.”
You can learn more here.