India’s tech exports hit a massive <a href="https://www.ibef.org/industry/information-technology-india">$199 billion in FY24</a>—a clear sign of how resilient and innovative India’s tech sector is, even in tough global times. This growth is putting India on the map as a global leader in technology and services.

But let’s be honest: while the numbers look great, the reality for Indian exporters can be challenging. One of the biggest pain points? Getting paid. Despite all the advancements, receiving international payments is still slow, complicated, and often way too expensive.

So, how do you, as a tech professional, keep your cash flow healthy and focus on growing your business globally? That’s where Skydo comes in. We take the headache out of receiving international payments, cutting through the delays and unnecessary costs, so you can focus on what really matters—your growth.

Limitations of Existing Payment Channels in India

The existing international payment landscape in India is extremely cumbersome and time-consuming for businesses.&nbsp;

The majority of <a href="https://www.pwc.in/industries/financial-services/fintech/dp/the-evolving-landscape-of-cross-border-payments.html">international remittances</a> take place through the following channels:

The following are the challenges that tech exporters face while receiving international payments through these channels:

Steep Fees and Unfavourable Exchange Rate:&nbsp;

Receiving international payments via SWIFT comes with its own set of costs. You’ll encounter SWIFT fees ranging from INR 500 to 1,000, along with additional charges like tracking fees and FIRA fees. But the real issue lies in the unfavourable exchange rates offered by banks.

Unlike live exchange rates, banks often provide lower rates. For example, if the market rate is 1 USD = INR 86, a bank might offer you a rate of 84. On a payment of USD 10,000, this means you’d receive INR 8,40,000 instead of INR 8,60,000—a loss of INR 20,000, simply due to poor exchange rates. And the worst part? You might not even realise it.

Complex and Time-Consuming FIRA Process:

FIRA, or Foreign Inward Remittance Advice, is a critical compliance document that every exporter must secure after receiving cross-border payments. It serves as proof of the international payment you’ve received for your services.

However, obtaining FIRA from banks is far from simple. The process often involves repeated follow-ups, long waiting times, and, to make matters worse, most banks charge an additional fee for issuing the document. This not only adds to the complexity but also increases the overall cost of managing international payments.

When it comes to customer support, banks often fall short—understandably so, given the sheer volume of customers they handle daily. However, this leaves exporters like you in a tough spot. Even a straightforward query can take weeks to resolve, requiring multiple follow-ups along the way. For busy tech exporters juggling countless priorities, this lack of timely support can quickly become a source of frustration.

Receiving a SWIFT transfer can take upto 5 business days, longer if there are multiple intermediary banks involved. This wait time can not only be frustrating but can also cause a cash crunch for exporters.&nbsp;

Why is Skydo Important, and What Does it Solve?

Skydo is transforming the way businesses handle international payments with innovative, affordable solutions. With features like automatic FIRA generation, automated invoicing, flat transaction fees, and responsive customer support, Skydo takes the hassle out of cross-border payments, letting you focus on growing your business.

We understand the unique challenges tech exporters face when dealing with international transactions—hidden fees, delays, and endless follow-ups. That’s why Skydo is designed to tackle these issues head-on, making global payments fast, transparent, and stress-free.

Here’s how Skydo addresses common pain points and becomes your go-to solution for international payments.

One of the most significant benefits of the <a href="https://www.skydo.com/blog/a-quick-guide-to-using-the-skydo-platform?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">Skydo payment platform</a> is the flat transaction fee for receiving international payments.&nbsp;

For payments above USD 10,000, Skydo charges a 0.3% fee, much more affordable than most other payment platforms.&nbsp;

You can view the exact transaction fee when you generate an invoice. Thus, Skydo ensures transparency and helps you save unnecessary hidden charges levied by other payment gateways.

2. Seamless payment processing within a few hours

Skydo provides you with virtual international accounts in multiple key regions including the US. UK, Europe, Australia, Singapore and more. So, in these regions, your clients pay you in these virtual accounts, making it a local transfer rather than an international one. Skydo then consolidates these payments and settles it in your Indian bank account within just 24 hours—no more long wait times, just smooth and consistent cash flow. Plus, with our real-time payment tracking feature, you’ll always know exactly where your payment is at every step of the process.

Skydo converts the payment received in international currency into INR as per the live foreign exchange rates without levying any additional fee. This means that you get the exact amount in your bank account as per the prevailing currency rate without any deductions.&nbsp;

4. Invoice generation and payment reminders with the auto-generated invoice number

Invoicing is one of the best features of the Skydo payment platform. It helps you save on time and manual efforts by creating automatic invoices. 

Skydo provides customisable professional invoice templates to suit your business requirements. The payment platform automatically adds the invoice number every time you generate an invoice.&nbsp;

Moreover, you can track the real-time status of all your invoices on a single dashboard and send payment reminders to clients through Skydo.

Learn more: <a href="https://www.skydo.com/blog/transforming-your-invoicing-experience-with-skydo">Transforming Your Invoicing Experience With Skydo</a>

5. Compliance with Indian regulations - Automated FIRA

<a href="https://www.skydo.com/blog/all-you-need-to-know-about-FIRC-a-complete-guide?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">Foreign Inward Remittance Advice (FIRA) certificate</a> provides complete details of all foreign services provided by Indian exporters. It is essential for businesses to maintain all FIRA receipts to reconcile their financial statements and for tax compliance purposes.&nbsp;

Skydo automatically generates FIRA certificates for all transactions, making it easier for you to comply with tax laws.

The intuitive dashboard has been designed to help users easily navigate through Skydo's payment platform. It provides you access to all the details related to your transaction within a few seconds.

How Does Skydo Ensure 100% Safe and Secure Payments?

Questions around safety and security become paramount when it comes to international payments. Here's how Skydo ensures 100% compliant payments every time.&nbsp;&nbsp;

1. Skydo's Collaboration with Indian and Foreign Financial Institutions

Skydo has partnered with renowned financial institutions around the world including HDFC and Banking Circle and many more to simplify international payments for Indian exporters and service providers. We are also actively in talks with many other renowned institutions to be able to offer virtual accounts in more regions

Learn More: <a href="https://www.skydo.com/blog/seamless-payment-experience-with-international-bank-accounts">Enjoy Seamless Payment Experience by Creating International Bank Accounts in Just 5 Minutes</a>

Skydo is now <a href="https://www.business-standard.com/companies/start-ups/fintech-skydo-receives-in-principle-approval-to-operate-as-pa-cb-entity-125012101362_1.html">RBI-approved as a Payment Aggregator for Cross-Border Payments (PACB)! </a>This milestone reflects our commitment to making your payments secure, seamless, and fully compliant with RBI regulations.

We’re also SOC 2 certified, meaning your data’s safety is non-negotiable for us. With end-to-end encryption, secure storage, and regular security checks, we ensure your data stays private and protected—always.

3. Ensuring Compliance with Reserve Bank of India (RBI) Guidelines

We understand how important it is to comply with RBI’s strict guidelines, not just for us but for our tech exporters too. That’s why Skydo provides free and instant FIRA for every transaction, eliminating the need for repeated bank visits and ensuring your payments are always RBI-compliant—without the extra hassle.

4. How Skydo Streamlines Know Your Customer (KYC) Processes

One thing business owners despise the most about payment and banking platforms is the tedious KYC process. With Skydo, the process is simple.&nbsp;

As soon as the users enter the business PAN, the platform automatically extracts relevant details such as the company's name, GSTIN, and CIN from the Ministry of Corporate Affairs database.&nbsp;

Even when the directors upload their PAN, the platform automatically collects information from the uploaded file. Thus, Skydo offers smooth and quick KYC processes.

4. Auto-generated Purpose Code based on RBI Guidelines

As per the RBI guidelines, all invoices related to the export of goods or services must have a purpose code to identify the type of service provided. Without the purpose code, the banks reject the payment received from an overseas account.&nbsp;

There is a long list of different purpose codes that you can find online. Entering the purpose code manually for every transaction is time-consuming and leaves scope for error.&nbsp;

Skydo's payment platform prefills the purpose code in your account post-registration. This code is then automatically available in a drop-down based on the services rendered in that invoice. This ensures that you send accurate invoices and receive payments on time.

Harshal, founder of Mobiprise, and a proud Skydo customer, couldn't contain his enthusiasm when he said, "Compliance with Skydo is not only good but great! It’s been very painful all these years." With Skydo, you too can experience the benefits of hassle-free cross-border payments.

While businesses are keen on expanding their services globally, challenges related to international payments act as restraints. Add to this multiple regulatory processes and banking norms. Consequently, payment gets delayed, making it difficult for merchants to scale their business.&nbsp;

Skydo streamlines the payment process by providing automated invoicing services and charging flat transaction fees. It also has a vast network of Indian and foreign bank accounts, enabling businesses to open a local bank account in the US. This facilitates quick receipt of international payments to your local bank account in India.&nbsp;

<a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Request a demo</a> today to expand your business internationally with Skydo!

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It is ironic that in the era of instant payments, business owners still feel stressed about sending or receiving payments across borders.&nbsp; At Skydo, our&nbsp; objective has always been clear: "How can we take the stress out of international business payments?" Every discussion we have, and every feature we build, is geared towards that singular goal.

Today, we are thrilled to announce that Skydo has raised USD 5M in a pre-Series A round led by Elevation Capital, bringing us several steps closer to achieving our vision. We extend our heartfelt gratitude to all our investors, partners and customers for their immense faith and belief in us.

Skydo's journey began with two friends, Movin Jain and Srivatsan Sridhar, who united to answer a critical question: "How can we make global payments as seamless as UPI?" Srivatsan's managerial experience in his family's automotive export business gave him first-hand insight into the challenges exporters face with international payments. He recalls having to cancel a large and profitable contract with a Turkish customer due to challenges in receiving payments.. His deep empathy for the problem, combined with Movin's decade-long experience in tech and fintech, formed the perfect team to build Skydo.

Like most startups, the path to building Skydo has been far from easy and it continues to be so. We officially began in April 2022, and since then, securing our first client, first transaction, and first employee has been anything but a cakewalk. Srivatsan and Movin travelled across the country, speaking with exporters to gain invaluable insights into their struggles with international payments.

An entrepreneur from Ahmedabad shared his frustration about paying nearly 7-8% of his hard-earned foreign income to his payment service provider. Similarly, an IT business founder from Karnal expressed willingness to pay a flat fee but questioned why he had to share a percentage of his income. These interactions underscored the depth of the problem they set out to solve, driving their commitment to creating a more seamless and cost-effective solution for cross-border payments payments. From making cold calls and giving demos to spending sleepless nights perfecting the technology behind the product, the small founding team did it all. However, it wasn't all work and no play. The founders fondly recall how a full day of work was put on hold after indulging in ghee-laden parathas at Murthal, after meeting some exporters in Panipat. These moments of camaraderie kept the team bonded and motivated through the many challenges of building a company.

Finally, in November 2022, Skydo executed its first transaction, and since then, there has been no turning back. From November 2022 to August 2024, we have enabled 5,000+ businesses to simplify their international payments. We process over USD 100M of payments annually, and we are just getting started.&nbsp;

As a young company in the cross-border payments space, partnering with established banks and navigating regulations and compliance has been a constant learning experience. Being one of the first companies in this sector, we didn't have a blueprint to follow. Much of our processes and systems have been developed through trial and error. However, our customers' faith in us has always kept us going.

We are genuinely passionate to solve for our customers—and place their needs at the centre of everything we do. Our customers have recognised and appreciated our continuous efforts to bring them the best. It is their constant inputs and feedback that has inspired us to constantly improve our product.

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If you imagine the team behind Skydo as a group of ultra-serious professionals with their noses buried in computers all day, you couldn’t be more wrong. As cliché as it sounds, we truly believe in working hard and playing harder. Lively banter, playing sports together, celebrating special moments, great food, and frequent get-togethers are all part of life at Skydo. We’re committed to creating a work environment where our team genuinely enjoys coming to work.

This latest round of funding helps us take our commitment to solve for international payments one step further. In the coming months, we will be launching many new features - like card payments, import payments from India, deeper integration with accounting platforms, and expanding to support e-commerce, to name a few. We will also be expanding globally, to support exporters in more countries. As always, our endeavour will be to take care of their payments challenges, allowing businesses to focus on what they do best - grow their business globally!

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The story of Skydo

Waiting for your international payments to reflect in your local bank account can be stressful. You want to avoid spending your work hours following up with your payment platform for timelines. A solid understanding of the money transfer process enables you to plan your finances better.

At Skydo, we value transparency and ensure a clear, hassle-free experience so you can focus on your business. With <a href="https://www.skydo.com/blog/real-time-tracking-of-international-payments?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">our real-time payment tracking</a>, you're always in the loop about your money's journey.

Here’s a roadmap of the journey your international payment takes from Skydo to your bank account.

Your incoming payment hits <a href="https://www.skydo.com/blog/seamless-payment-experience-with-international-bank-accounts?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">your international account</a>. This is a temporary holding place in your payer's country. Since your clients transfer their money locally to this account, it is nearly free of cost to them (or is very cheap).&nbsp;

These virtual accounts also eliminate tax and compliance intricacies, making it easy for your clients to process payments.

Skydo initiates a SWIFT transfer to move your funds from the international account to India. Leveraging our partnerships with esteemed banking networks, we ensure the secure transfer of your money, typically completed within 12 hours.

Upon reaching India, your funds await conversion to INR until the forex markets open. Our partner banks play a pivotal role in ensuring you get competitive exchange rates.&nbsp;

With our <a href="https://www.skydo.com/blog/get-the-most-out-of-your-forex-savings-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">live currency exchange rates</a> and zero FX markup costs, you get the best value for your money. You don't have to pay any processing fee and could <a href="https://www.skydo.com/blog/cut-international-transaction-costs-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">save up to 10 lakhs per year on your invoice values.</a>

The conversion usually takes between 4 to 6 hours.

Post conversion into Indian currency, Skydo initiates an NEFT (National Electronic Funds Transfer). NEFT transfers take 30 minutes to 24 hours to ensure prompt receipt of funds in your bank account.

Since these transactions follow intense security measures and authentication mechanisms, your funds are safe during transfer.

You get real-time updates and can track your payment just like an Amazon shipment, always knowing where your money is. There are no hidden charges or commissions, just a flat fee structure.

By using efficient payment methods like SWIFT and NEFT, we ensure that your funds move promptly and securely.

With Skydo, you can expect your funds in your virtual bank account to reach your Indian bank account in 18-24 hours. Processing time also depends on the payment method and country of the payer.

Skydo follows <a href="https://www.skydo.com/blog/online-payment-gateway-service-provider-opgsp?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">RBI’s OPGSP framework</a> and works only with Authorised Bank partners. Your data is fully protected and never shared with third parties.

Whether you are managing your business finances or freelance accounts, Skydo ensures that your financial operations remain crystal clear.

With a flat fee of USD 19 for transactions under USD 2,000 and USD 29 for transactions over USD 2,000, there are no hidden fees or complex charges.

<a href="https://www.skydo.com/">Sign up on Skydo</a> now and go global in 5 minutes with your free international account.&nbsp;

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Businesses using <a href="https://www.zoho.com/login.html">Zoho</a>, a financial management software, often face the challenge of manually entering invoices into Skydo. This process consumes valuable time and increases the risk of errors in financial records.

To tackle this challenge and improve the efficiency of accounting processes, Skydo has introduced an innovative integration feature with Zoho. This integration seamlessly synchronizes <a href="https://www.skydo.com/blog/transforming-your-invoicing-experience-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">invoices</a> generated on Zoho with Skydo, eliminating the need for manual entry and significantly streamlining operations.&nbsp;

Additionally, it simplifies payment reconciliation and FIRA generation, empowering businesses to focus more on growth and less on administrative tasks. Let's explore how this Zoho integration works and the myriad benefits it offers to users.

Say goodbye to the task of manually entering every Zoho invoice in Skydo. Invoices created in Zoho are automatically synced with Skydo, ensuring up-to-date records.

Note that past data is not synced initially; only new invoices created after the integration will be transferred.&nbsp;

The capability to include past invoices may be introduced in the future as part of ongoing enhancements to the integration.

You can keep track of payments effortlessly. Once payment is received on <a href="https://www.skydo.com/blog/a-quick-guide-to-using-the-skydo-platform?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">Skydo</a>, the corresponding invoice in Zoho is automatically marked as paid, ensuring accurate and streamlined reconciliation processes.&nbsp;

Managing Foreign Inward Remittance Advice (FIRA) documents is now easier. Skydo generates and uploads <a href="https://www.skydo.com/blog/importance-of-fira-for-freelancers">FIRA</a> directly to Zoho for each transaction, saving time and effort.

This facility enables accounting automation by consolidating financial data in one place. With all invoice and payment data readily available, users gain a comprehensive view of their finances, facilitating better decision-making.

The Zoho integration allows you to access valuable <a href="https://www.skydo.com/blog/leverage-customer-insights-to-drive-revenue-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">insights</a> into financial performance. Skydo offers comprehensive analytics with all invoice and <a href="https://www.skydo.com/blog/future-of-cross-border-payments-2030-and-beyond?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">payment</a> data available for analysis. By choosing the option to include Indian currency, users can gain a more comprehensive analysis of their business performance.

You can disable or edit the Zoho integration settings anytime, according to your business needs.

Now, let's walk through the step-by-step process of Zoho integration with your Skydo account.

Step 1: Log in to your <a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Skydo</a> account and navigate to the profile section.

Step 2: You will find a 'Connect Skydo to Zoho’ section. Here, click on ‘Connect Securely.’

Step 3: A prompt will appear like the one below. Click on ‘Connect Securely’.

Step 4:&nbsp; Follow the prompts and verification steps to connect your Zoho account to Skydo securely.

Step 5: A screen will appear, showing that the connection is successful.&nbsp;

Zoho integration allows you to enjoy real-time updates with Skydo's syncing frequency of every 10 minutes, ensuring your data is always current.

You also get the option to select whether to import all <a href="https://www.skydo.com/blog/should-i-invoice-in-inr-or-foreign-currency?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">currencies</a> or filter for international invoices only, providing flexibility in managing financial data.

Skydo's integration with financial management software Zoho revolutionises how businesses manage their accounting processes. From <a href="https://www.skydo.com/blog/check-all-outstanding-invoices-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">automatic</a> invoice syncing to streamlined payment reconciliation, users can experience improved efficiency and convenience in their financial management tasks.&nbsp;

Try out this new feature and discover how Skydo can help streamline your accounting processes. <a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Book a demo today</a> to learn more!

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Have your freelance earnings stagnated over months and you struggle to achieve your financial goals?

Chances are you need a better system to track your income and expenses. This involves using real-time insights to plan and manage your finances.

Skydo offers real-time payment tracking and quick insights to achieve your financial goals.&nbsp;

This blog explains how you can use Skydo to increase your freelance earnings and meet your financial goals.

How to Achieve Your Freelance Financial Goals?

While freelancing offers flexibility and unlimited growth potential, the main concern is income instability. Here are some ways you can reduce financial risk and achieve your financial goals.

One way to attain stability is to “Diligently track your income and expenses to maintain a budget,” says <a href="https://www.linkedin.com/pulse/managing-your-finances-building-stability-freelance-journey-david?utm_source=share&amp;utm_medium=member_android&amp;utm_campaign=share_via">Nash David</a>, a freelance writer.&nbsp;

<a href="https://www.linkedin.com/advice/0/how-can-you-effectively-manage-your-finances-c3nfc">Malay Damania</a>, a business coach for MSMEs says, “Tracking financials is like keeping a scoreboard in a game. It offers motivation to grow your business.”

<a href="https://www.linkedin.com/advice/what-best-ways-manage-your-finances-7wqof?utm_source=share&amp;utm_medium=member_android&amp;utm_campaign=share_via">Brian Miller,</a> a career coach, recommends freelancers to “Create a payment system using software, apps or spreadsheets to organise receipts, payments, invoices, and deductions.” It helps monitor cash flow and understand tax liability, which helps you achieve financial goals faster.

3. Break down the Revenue Generated by Each Client&nbsp;

<a href="https://www.jennifergregorywriter.com/2023/02/27/the-best-way-to-reduce-your-risk-while-freelancing-during-economic-uncertainty/?trk=feed-detail_main-feed-card_feed-article-content">Jennifer Gregory</a>, a freelance technology writer, suggests analysing how much each client makes up of your total freelance earnings. She says, “Check each client's percentage to understand how they impact your income and, if they were to leave, then how you can replace that income.” This helps manage risk and boost stability.

Will Brooks, a leadership and business career coach, recommends <a href="https://www.linkedin.com/advice/what-best-ways-manage-your-finances-7wqof?utm_source=share&amp;utm_medium=member_android&amp;utm_campaign=share_via">calculating your tax liability</a> beforehand and setting aside the amount for tax, investment, and retirement to manage your finances. This helps you analyse expenses and prepare financial goals accordingly.

All these suggestions have one thing in common—tracking and analysing freelance payments to understand your profits and liabilities. Here is how real-time analytics of freelance earnings helps.

All these suggestions have one thing in common—tracking and analysing freelance payments to understand your profits and liabilities.&nbsp;

Introducing Skydo: A Game-Changer in Freelance Finance

A comprehensive payment platform like Skydo gives you real-time insights about your freelance earnings.

Its intuitive dashboard enables you to track foreign payment transactions and avoid payment delays.

Moreover, Skydo’s payment platform automates invoice creation, sending, tracking, and managing processes.

Here is how you can use Skydo to achieve your financial goals.

You can <a href="https://www.skydo.com/blog/create-professional-freelance-invoices-for-free-using-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">create professional freelance invoices</a> on Skydo by customising invoice templates, downloading them, and sending them as a PDF or e-invoice to the client.

Once you send the invoice to the client, you get real-time notifications for invoice receiving, payment processing and payment completion. It helps track potential payment delays and enables you to resolve any issues.

Even if you sent an invoice to a client without using Skydo, you can still add it to the record by adding invoices@skydo.com in CC while sending an email to the client. This way, you can track, view and analyse all your freelance payments in one place.

With Skydo, you don't have to constantly chase clients through emails. You can generate <a href="https://www.skydo.com/blog/receive-timely-payments-with-skydo's-automated-reminder-feature?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">payment reminders</a> and send them to the client. Skydo tracks when the payment reminder has been viewed by the client and keeps a record of all reminders.

Timely reminders reduce the risk of delayed payments and help you achieve financial goals faster.

The Skydo dashboard provides an overview of all the invoices, their payment status and client details. Moreover, you can also view a visual summary of completed payments, outstanding invoices and payments in progress.

5. Analytics and Reports for Informed Decision-Making&nbsp;

Skydo offers a consolidated view of foreign payments across different accounts. You can leverage the data for detailed financial analytics, calculate the revenue generated from each client, and facilitate strategic financial planning.&nbsp;

6. Withdraw Payments Effortlessly from Freelance Platforms

You can integrate Skydo into your freelance platform accounts like Upwork, Freelancer.com, Toptal and Deel and save up to 50% on withdrawal fees.&nbsp;

Efficient <a href="https://www.skydo.com/blog/tax-slabs-2023-24?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">tax planning</a> and compliance are crucial to achieving your financial goals and reducing legal risks. Since Skydo records all invoices and payment details, it facilitates payment reconciliation and calculating income tax liability.

Moreover, it <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">automatically generates FIRA</a> for all invoices which helps claim GST refund on export of goods or services.&nbsp;

Achieving financial goals with freelancing is tricky. However, with discipline, the right strategy and efficient tools, you can maximise your savings and fulfil your goals.

Skydo is one such efficient payment platform that helps you track invoices and payment reminders in real time to optimise cash flow and boost your freelance earnings.

<a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Sign up on Skydo</a> today to achieve your financial goals faster!

Q1. How can I do budgeting to achieve my financial goals?

Ans. You can create and maintain a freelance budget by tracking your income and expenses, opening a separate bank account for business expenses, setting a monthly limit for business and work expenses, and using steady income to pay bills with higher amounts.

Q2. How does Skydo help maximise freelance earnings?

Ans. Skydo has a flat fee structure for foreign payments and charges zero margin on currency conversion. Moreover, you can integrate Skydo into freelance payment platform accounts and reduce withdrawal fees by up to 50%. Therefore, it <a href="https://www.skydo.com/blog/increase-freelance-income-zero-markup?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">boosts freelance earnings</a> and helps you attain your financial goals.

Q3. How can I use Skydo to improve my payment processes?

Ans. You can streamline your payment processes with Skydo by automating invoice creation and reminders. Moreover, you can open an international bank account within five minutes to receive foreign payments faster. Skydo also generates FIRA automatically for all invoices, which helps with tax compliance.

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Many freelancers find invoicing boring or spend too much time crafting invoices for different customers. This results in delayed payments and impacts your business and client relationships.

Fortunately, you don't have to be stuck between spreadsheets and late-night emails. With Skydo, a free invoice generator, you can create a professional freelance invoice within a few minutes and enhance your efficiency.

This blog explains how you can easily create, send and manage freelance invoices using Skydo.

How to Create Professional Freelance Invoices with Skydo (Step-by-Step Guide)

Skydo is an all-in-one <a href="https://www.skydo.com/blog/transforming-your-invoicing-experience-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">invoicing platform</a> that takes care of all your payments and accounting requirements. You can use it as an invoice generator, invoicing tracking system and freelance accounting software.

Simply put, Skydo is an invoice automation software that enables you to create and send a freelance invoice within a few minutes. It <a href="https://www.skydo.com/blog/simplify-your-global-payments-with-skydo?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">simplifies global payments</a> and maximises freelance earnings.

Once you sign up with Skydo, log into the dashboard. Click on the Invoices tab and select the ‘create new invoice’ option.&nbsp;

Add clients’ business information, the currency in which you have to receive the payment and other invoicing details. Once you add the country, the place of supply gets automatically added.&nbsp;

You can add a due date for the invoice payment and additional details or notes. The invoice number is automatically generated. However, you can enter it manually if required. Then, preview the invoice.

Send the freelance invoice directly to the client or download it as a PDF. You can also create an e-invoice with Skydo and share the QR code with the client.

Once you send the invoice, you can track the freelance invoice status in real-time through the dashboard.

If the client hasn't processed the invoice, you can send automated payment reminder emails through Skydo. Moreover, you can also track when the client has opened the reminder emails and take further action accordingly.

Skydo Features that Make a Difference for Freelancers

In addition to invoice automation, here are some additional features by Skydo that you can leverage to optimise your freelance invoice and payment processes.

Skydo displays live Foreign Exchange (FX) rates on its websites. You can use our <a href="https://fx-calculator.skydo.com/comparison?utm_source=linkedin&amp;utm_medium=skydohandle&amp;utm_campaign=fxcalculator&amp;utm_content=2">FX calculator</a> to calculate your actual earnings and how much you can save on currency conversion by using Skydo instead of other payment platforms like PayPal.

Skydo automatically generates FIRA for each invoice for GST compliance purposes. You can <a href="https://www.skydo.com/blog/automated-firc-simplifying-international-payments-compliance">download all FIRA receipts</a> in one click.

3. Supports withdrawals from various platforms like Deel, Upwork, Toptal, etc.

You can integrate Skydo with your Upwork, Deel and Toptal accounts and reduce withdrawal fees by up to 50%.

Being a freelancer is often a solo journey where you have to manage projects, find new clients, take care of your taxes, seek client feedback, schedule client calls, pitch your services, update your portfolio and a lot more.&nbsp;

Don't let manual invoicing processes slow down your efficiency. With Skydo, you can send a freelance invoice within minutes and receive payments faster without any hidden costs.

<a href="https://www.skydo.com/?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=demo_click">Sign up on Skydo</a> to enable invoice automation and improve your productivity!

Q1. How can I use Skydo to create a freelance invoice?

Ans. You can use Skydo for complete freelance invoice automation. It helps create invoices in a few steps and facilitates invoice customisation, invoice tracking and invoice payment reminders.

Q2. What are the benefits of using Skydo for online invoices?

Ans. Sending a freelance invoice through Skydo helps track payments in real-time, send automated reminders, get automatic FIRA certificates, view complete invoice payment summaries and send e-invoices to clients.

Q3. How can I send freelance invoices with Skydo?

Ans. Once you have finalised an invoice, you can send it to the client directly through Skydo, download it in the form of a PDF and attach it separately to an email, or send the PDF through other communication mediums. Moreover, you can generate e-invoices and share the QR code with your clients.

Create Professional Freelance Invoices for Free Using Skydo th

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