B2B businesses run into a specific set of accounting headaches that consumer-facing businesses mostly avoid: net-30/net-60 payment terms, multi-currency invoicing, purchase orders, and recurring contract billing. Here are five tools that address those pitfalls directly.
myBooks — for late payment chasing
Late B2B payments are the most common cash flow pitfall. myBooks automates payment reminders and shows outstanding receivables at a glance, so chasing invoices doesn't depend on someone remembering to follow up.
Xero — for multi-currency invoicing
Xero's multi-currency support handles B2B clients billed in different currencies without manual conversion tracking, which matters once you're selling across borders.
Bill.com — for approval bottlenecks
Bill.com automates the approval chain on both accounts payable and receivable, addressing the pitfall of invoices or bills sitting in someone's inbox waiting for sign-off.
QuickBooks Online Advanced — for purchase order tracking
Built-in purchase order management closes the gap between what was ordered, what was received, and what was billed — a common source of B2B billing disputes.
Zoho Books — for recurring contract billing
Zoho Books' recurring invoice automation handles subscription or retainer-based B2B billing without manually re-creating the same invoice every cycle.
The common thread
Most B2B accounting pitfalls come down to one thing: manual follow-up that a human forgets to do. Whichever tool you pick, prioritize automated reminders, clear receivables aging reports, and recurring billing — the features that remove the need to remember.
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