LEDGERS supports collection of payment through four modes as follows:
Payment Link
Send a payment link with the amount and remarks to a customer.
Quote with Payment Link [Suggested Method]
Send a quote or estimate to a customer with details of product and a payment link to make payment. If a customer makes payment, the quote/estimate can be converted into an invoice easily.
By sending a quote, the business will not accrue GST liability. In India, if an invoice is issued to a customer - irrespective of payment, the business becomes liable for payment of the GST amount in the next month.
Invoice with Payment Link
Send an invoice with a payment link and product details. Creating an invoice will automatically create a receivable in the name of the client. If payment is received through the payment link, receipt can be issued the receivable amount will be automatically updated.
Website Integration
In case you have a website, and you would like to automate the payment and invoicing fully, you can redirect the flow to LEDGERS. LEDGERS will automatically forward the traffic to payment gateway and issue an invoice on successful payment.
Payments and invoices issues through LEDGERS are auto-reconciled, making your GST filing a breeze.