Streamlining Your Invoicing with Oojeema's Latest Update: EOPT Support
At Oojeema, we’re committed to making your business processes as smooth and efficient as possible. We’re excited to announce our latest update, which brings enhanced invoicing capabilities and EOPT compliance to our platform. Here’s a closer look at what’s new and how you can take advantage of these features.
1. Enhanced Invoicing: Goods and Services Combined
In response to user feedback, we’ve improved our sales invoice module to support invoicing for both goods and services. Now, you can create comprehensive invoices that reflect all aspects of your sales, simplifying your billing process.
How to Enable Sales Invoices for Services
To start using this feature, you need to enable the option to use sales invoices for services in your company settings. Here’s how:
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Navigate to Your Company Settings: Go to your Oojeema account and access the company settings. You can find detailed instructions on how to do this here.
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Enable the Option: In the settings, look for the option to use sales invoices for services and turn it on. This will allow you to include both goods and services in your invoices, making your billing more flexible and comprehensive.
2. EOPT Compliant Accrual Basis for Service Invoicing
In addition to enhanced invoicing, our latest update also ensures compliance with the EOPT (Electronic Online Payment and Transfer) standards. Specifically, we now support the accrual basis of accounting for recognizing service invoicing.
Switching to EOPT Accrual Based Accounting
Updating your accounting method to the EOPT accrual basis is straightforward. Follow these steps:
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Access Your Accounting Settings: From your Oojeema dashboard, go to the accounting settings. Detailed guidance can be found here.
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Select Accrual Based Accounting: Choose the EOPT compliant accrual basis for service invoicing. This ensures that your revenue is recognized when it is earned, aligning your accounting practices with EOPT standards.
Benefits of the Update
Streamlined Invoicing
Combining goods and services in one invoice reduces the complexity of your billing process. It means less paperwork, fewer errors, and more clarity for your customers.
EOPT Compliance
Switching to the EOPT compliant accrual basis for service invoicing not only keeps you aligned with regulatory standards but also improves the accuracy of your financial reporting. Recognizing revenue when it is earned provides a clearer picture of your business performance.
Greater Flexibility
These updates give you more flexibility in managing your invoicing and accounting processes. Whether you offer products, services, or both, Oojeema now supports your business model more comprehensively.
Get Started Today
Updating your Oojeema settings to take advantage of these new features is quick and easy. By enabling invoicing for both goods and services and switching to the EOPT accrual basis, you can streamline your operations and ensure compliance with the latest standards.
For detailed instructions on updating your company settings, visit our resources:
Embrace these updates today and take your business to the next level with Oojeema!
