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Automated Invoicing & Payments

Chronos Ledger provides a seamless automated invoicing and payment processing system, allowing users to generate and send invoices based on tracked time or project milestones. Whether you're invoicing in fiat or cryptocurrency, Chronos Ledger ensures that your invoicing process is automated, accurate, and secure.

Key Features:

  1. Automatic Invoice Generation:
  2. Invoices are automatically generated based on the hours logged in the Time Tracking system or based on predefined project milestones.
  3. Users can define invoice templates, set due dates, and customize line items for each client.

  4. The system supports invoicing in both fiat and cryptocurrency, with full tracking of payment status.

  5. Payment Integration:

  6. Chronos Ledger integrates with the Request Network to securely process cryptocurrency payments.
  7. Invoices can be paid in Bitcoin, Ethereum, or other supported cryptocurrencies, offering flexibility to clients and ensuring fast, secure payments.

  8. The system also supports traditional fiat payments, allowing for hybrid invoicing.

  9. Invoice Customization:

  10. Users can customize their invoices with branding elements, including company logos, custom colors, and additional details such as tax information.

  11. Invoices can be configured to include or exclude specific time logs, milestones, or expenses.

  12. Real-Time Payment Tracking:

  13. Payment statuses are tracked in real-time, whether the payment is made in crypto or fiat.

  14. Notifications are sent when payments are received, and users can easily track unpaid, partially paid, or completed invoices.

  15. Recurring Invoices:

  16. Set up recurring invoices for long-term projects or retainer clients. These invoices are automatically generated and sent on a predefined schedule (e.g., monthly or quarterly).
  17. Manage recurring billing cycles with minimal effort, ensuring steady cash flow for ongoing projects.

How it Works:

  • Automated Workflow: After time is logged or a milestone is reached, Chronos Ledger will generate an invoice automatically. The invoice can be reviewed and sent directly to the client via email or a secure link.
  • Payment Integration: Invoices can include both crypto and fiat payment options. Once a payment is made, it is reflected in the invoice tracking system, and the user receives a notification.

Use Case:

A consultant working on a large project can set up automatic invoices that are triggered upon reaching specific project milestones. For example, once 50% of the project is complete, an invoice is generated and sent to the client. Payments can be made in either crypto or fiat, and the consultant is notified once payment is received.

Include a visual template for an Invoice here.