A small business owner creating an invoice using Helcim's online invoicing
  1. The Helcim Blog
  2. Merchant Guides

Revolutionizing Invoice Generation and Payment Processing for Small Businesses

Author Image

Humayun Farooq | April 11, 2024

“Helcim empowers small business owners to focus on growth while streamlining their invoicing processes”
9 min read
  • Content


    Is generating an invoice taking unnecessary time from your schedule?

    Are you constantly correcting invoices to meet the specific customers' needs?

    Are you struggling to get invoice automation software to manage your invoice process and are looking for an invoice processing software that will meet your needs?

    Is your accounts payable department constantly on your case?

    We at Helcim understand that in today's fast-paced business landscape, SMBs need efficient solutions for invoice generation and invoice processing.

    Therefore Helcim emerges as a standout platform, offering a comprehensive suite of features tailored to meet the unique needs of small businesses. From its user-friendly interface and customizable templates to automated reminders and secure payment and invoice processing automation, Helcim provides a seamless invoicing experience.

    With transparent pricing, integration capabilities, high quality invoice data and exceptional customer support, Helcim empowers small business owners to focus on growth while streamlining their invoicing processes.

    This blog post explores the reasons why Helcim should be the top choice for small businesses and provides a step-by-step guide on how to leverage its free invoice generator for enhanced efficiency and reliability for invoice processing needs.

    It's time to save withHelcim

    Typical invoice generation process

    A typical invoice generation process involves various tedious steps and considerations to ensure accuracy, efficiency, and compliance with business and regulatory requirements. Lets take a detailed look at this process:

    Customer Interaction and Order Placement: The process typically starts with a customer interaction, where they place an order for goods or services. This interaction can occur through various channels such as in-person, over the phone, via email, or through an online platform.

    Order Processing: Once the order is received, it needs to be processed. This involves verifying the order details, checking product availability, and confirming pricing and any special terms or discounts.

    Data Collection: Relevant information from the order needs to be collected. This mostly manual data entry includes customer details such as name, address, contact information, as well as specifics of the products or services ordered, quantities, prices, and any applicable taxes or fees.

    Invoice Creation: Using the collected invoice data, the invoice is created. This can be done manually using accounting software, spreadsheet programs, or specialized invoicing tools. Alternatively, it can be automated through integrated systems that generate electronic invoices, directly from the order management or billing system.

    Invoice Formatting: The invoice needs to be formatted according to company standards and regulatory requirements. This includes adding company logos, contact information, invoice number, issue date, due date, itemized list of products or services, prices, taxes, and total amount due.

    Review and Approval: Before sending the invoice to the customer, it should be reviewed for accuracy and completeness. This review may involve cross-checking the invoice against the original purchase order, verifying pricing and calculations, and ensuring compliance with any contractual agreements or legal requirements. Once reviewed, the invoice may need approval from relevant stakeholders within the organization.

    Sending the Invoice: After approval, the invoice is sent to the customer through the chosen delivery method, which could be email, mail, or electronic invoicing platforms. Some businesses also offer self-service options where customers can access and download their paper invoices from an online portal.

    Payment Tracking: Once sent, the business needs to track the invoice payment status of approved invoices. This involves monitoring when the invoice is received, opened, and paid. For overdue invoices, follow-up actions may be necessary, such as sending reminders or initiating collection procedures.

    Payment Reconciliation: When payment is received, it needs to be reconciled with the corresponding invoice. This involves matching the invoice receipt, payment amount and date with the invoice details to ensure accuracy. Any discrepancies or partial payments need to be addressed and resolved. This typically involves manual data entry.

    Recording Transactions: All invoice transactions need to be recorded in the company's accounting system for financial reporting and tracking purposes. This includes updating accounts receivable records accounts payable system to reflect payments received and outstanding balances.

    Archiving and Storage: Invoices should be archived and stored securely for future reference and audit purposes. This can be done electronically using document management systems or physical filing systems, depending on the company's preferences and regulatory requirements.

    Reporting and Analysis: Periodic reporting and analysis of invoicing data can provide insights into the business's financial performance, customer behavior, and payment trends. This information can be used to make informed decisions and improve invoicing processes over time.

    In conclusion, the full invoice processing workflow involves a series of interconnected steps from order placement to payment reconciliation, each crucial for ensuring smooth and efficient financial transactions between businesses and their customers. Effective management of this process is essential for maintaining cash flow, fostering customer satisfaction, and facilitating business growth.

    Our free invoicing tool

    Simplifying invoicing with Helcim

    Let's now take a look at how Helcim's simplifies the invoice process and why Helcim's automated invoice processing system should be your top choice for automating invoice processing and generation:

    User-friendly interface:

    Helcim offers an intuitive interface that makes creating and sending invoices a breeze. Small business owners can easily customize invoices with their logo, branding, and payment terms, providing a professional touch to every transaction.

    Customizable templates:

    With Helcim, small business owners have access to a range of customizable invoice templates, allowing them to tailor each invoice to suit their specific needs. Whether it's adding line items, adjusting tax rates, or including personalized messages, Helcim offers flexibility to accommodate diverse business requirements.

    Automated reminders:

    Late payments can significantly impact cash flow for small businesses. Helcim's automated reminder feature helps mitigate this risk by sending gentle reminders to clients for overdue invoices. This proactive approach encourages timely payments, ensuring consistent revenue for the business.

    Secure payment processing:

    Security is paramount when it comes to payment processing. Helcim employs robust encryption and PCI compliance standards to safeguard sensitive financial data. This instills confidence in both the business owner and their clients, fostering trust and credibility in every transaction.

    Transparent pricing:

    Small business owners appreciate transparency when it comes to pricing. Helcim offers competitive and straightforward pricing plans with no hidden fees or long-term contracts. This allows businesses to accurately budget for payment processing costs without any surprises and experience smooth invoice processing.

    Integration capabilities:

    Helcim seamlessly integrates with popular accounting software and business tools, streamlining the invoice processing even further. Whether it's syncing invoices with QuickBooks or exporting data to Excel, Helcim ensures seamless workflow integration for maximum efficiency.

    Exceptional customer support:

    In the world of small business, personalized support can make all the difference. Helcim's dedicated customer support team is readily available to assist with any inquiries or technical issues, providing prompt and reliable assistance whenever needed.

    Step-by-step guide:

    To make your life even simpler here are the steps for creating an invoice using Helcim's online invoicing tool:

    Sign in or sign up:

    Go to Helcim's website and sign in to your account. If you don't have an account yet, you can sign up for free today.

    Access the invoice generator:

    Once logged in, navigate to the "Invoices" or "Billing" section of your Helcim account dashboard. Look for an option like "Create Invoice" or "Invoice Generator" and click on it.

    Fill in invoice details:

    Enter the necessary details for your invoice, such as the recipient's name, contact information, invoice number, invoice date, and due date.

    Add line items:

    List the products or services you're billing for by adding line items. For each item, specify a description, quantity, unit price, and any applicable taxes or discounts.

    Customize invoice settings:

    Customize the invoice to match your branding and preferences. This may include adding your company logo, adjusting the invoice template, and setting payment terms.

    Preview and review:

    Take a moment to preview the invoice to ensure all details are correct. Double-check the amounts, dates, and any other information before proceeding.

    Send or save the invoice data:

    Once satisfied with the invoice, you can choose to either send it directly to the recipient via email or save it as a draft for later use. If sending via email, enter the recipient's email address and include a personalized message if desired.

    Record invoice process and status:

    After sending the invoice, make sure to record its status within your Helcim account. You can mark it as sent, paid, or pending payment to keep track of your invoicing activity.

    Follow up as needed:

    Use Helcim's features, such as automated reminders, to follow up on overdue invoices and ensure timely payments through expedited.

    Monitor payment status:

    Keep an eye on the payment status of your invoices within your Helcim account. You can track payments, view payment history, and reconcile transactions as needed.

    Key takeaway:

    In conclusion, Helcim stands out as the premier solution for small businesses seeking efficient and hassle-free, invoice payments processing. With its user-friendly interface, customizable templates, automated reminders, and secure payment processing, Helcim offers a comprehensive suite of features tailored to meet the unique needs of SMBs.

    The platform's transparent pricing, integration capabilities, and exceptional customer support further solidify its position as the top choice for businesses looking to streamline their invoicing workflows.

    By leveraging Helcim's free invoice generator and following the step-by-step guide provided, small business owners can enhance their efficiency and reliability in managing and processing invoices, ultimately allowing them to focus on growth and success.

    Experience the simplicity and effectiveness of Helcim today, and transform your invoicing experience for the better.

    Try our free invoice generator


    Here are some frequently asked questions:

    Q: How user-friendly is Helcim's interface for small business owners?
    A: Helcim offers an intuitive interface that makes creating and sending invoices easy as compared to cumbersome legacy vendor invoice approval processes. Small business owners can customize invoices with their branding, logo, and payment terms effortlessly.

    Q: Can I personalize invoices with Helcim?
    A: Yes, Helcim provides customizable invoice templates, allowing small business owners to tailor each invoice to their specific needs. This includes adding line items, adjusting tax rates, and including personalized messages.

    Q: How does Helcim help with late payments?
    A: Helcim's automated reminder feature sends gentle reminders to clients for overdue supplier invoices, helping mitigate the impact of late payments on cash flow hence it's the best compliment to your accounts payable department.

    Q: Is Helcim's invoice processing secure?
    A: Yes, Helcim employs robust encryption and PCI compliance standards to ensure the security of sensitive financial data, instilling confidence in both the business owner and their clients.

    Q: Are there any hidden fees with Helcim's pricing plans?
    A: No, Helcim offers transparent pricing plans with no hidden fees or long-term contracts, allowing small business owners to accurately budget for payment processing costs.

    Q: Does Helcim integrate with other business tools?
    A: Yes, Helcim seamlessly integrates with popular accounting software and business tools, such as QuickBooks, to streamline the invoicing process further.

    Q: What kind of customer support does Helcim provide?
    A: Helcim offers exceptional customer support with a dedicated team readily available to assist with inquiries or technical issues, providing prompt and reliable assistance whenever needed.

    Level up with Helcim

    It's time to feel good about your payments.

    Sign up instantly with no paperwork or commitments.

    Call to action background version 2 image

    We're always
    here to help.

    New to accepting card payments? We take the time to help you understand how it all works so you can make the best decisions for your business.

    • Speak to a real person, fast
    • Experts you can trust
    • No commission = no pressure
    Show more

    Have us contact you.

    Contact name cannot be blank
    Business name cannot be blank
    Please provide a valid email address
    Phone number cannot be blank

    The form was sent successfully!