New Square Invoices App Takes the Worry and Work Out of Getting Paid for Small Businesses
Sellers can create, manage, and send invoices whenever they choose, from wherever they do business
Today, Square, Inc. announced the Square Invoices app, providing sellers a self-serve and elegantly designed tool for creating, managing, and sending invoices from anywhere. As part of Square’s wider ecosystem of mobile tools, the Invoices app enables sellers to manage all aspects of their business in real-time from their mobile devices.
“The way we do business is changing; not everyone works from an office and small businesses need the flexibility to handle core processes like invoicing on the go,” said Alyssa Henry, Seller Lead at Square. “With the Square Invoices app, small business owners are able to get paid remotely and access their funds quickly and securely.”
According to a recent report from Fundbox, it takes the average small business 21 days to get paid after sending an invoice. With the Square Invoices app, sellers can get paid quickly and easily - no more manual invoices and waiting for checks to come in the mail. Whether they are getting paid for photographing a wedding or after taking on a new landscaping job, sellers can send invoices and get paid, in just a few simple taps. In fact, more than 60% of invoices processed through Square are paid the same day.
The Square Invoices app can also give small businesses a more holistic view of their financial health. Beth Skony, the owner of Launch Pad Media, a book editing and author services copyediting business based in Chicago, Illinois, says that the ability to get paid quickly has saved her business time and helped her manage cash flow. “Before, we would typically wait at least a couple of weeks to get paid because we had to send invoice statements manually and wait to receive a check in the mail,” she said. “It was difficult to keep track of what we were owed, determine what payments were overdue, and ensure we were getting paid. Now, the process is streamlined, and more often than not, we’re getting payments the same day. Having access to our funds when we need them most has been a game-changer for our business.”
With today’s launch, Square Invoices also enables businesses to send sleek, professional estimates to confirm details of future jobs through the app or on desktop. This feature is especially useful for service businesses like home and repair providers, freelance consultants, wedding and event planners, photographers, and others who need to provide a quote to secure prospective customers.
Since launch, more than $13 billion has been processed globally through Square Invoices. The Square Invoices app is available today in the US, Canada, Japan, the UK and Australia via the App Store or Google Play. To learn more about the new Invoices app, feel free to check out our post on the Town Square blog.