Easy to Manage Regular Bills By Using EazeMax Software
Regular Bills are a headache for people because it is impossible to remember upcoming and past payments in today's busy life. However, a well-known company, SAG Infotech, has introduced EazeMax software to manage a wide range of bills, such as newspaper subscriptions, rent, EMIs, tuition fees, mobile, water, electricity, and more.
"Regular Bills" refer to recurring expenses that individuals or households regularly incur. These expenses arise at consistent intervals monthly, quarterly, or annually and are necessary for maintaining daily life and a certain standard of living.
Examples of Common Regular Bills Include
Effectively managing regular bills is essential for financial stability and avoiding late fees. Creating a budget, setting up automatic payments, and prioritising bills by due dates can help individuals manage these expenses efficiently and maintain better control over their finances.
Utilities
Recurring expenses for services such as electricity, water, gas, and internet, typically billed monthly.
Rent or Mortgage Payments
Regular payments for housing, whether renting or owning, made monthly or as stipulated in lease or mortgage agreements
Insurance Premiums
Regular payments for insurance policies, including health, auto, home, or life insurance, which can be billed monthly, quarterly, or annually.
Loan Payments
Scheduled payments for various loans, including car, student, and personal loans, made according to the loan terms.
Credit Card Payments
Monthly expenses for credit card bills, which must be paid either in full or as minimum payments based on credit card use.
Property Taxes
Recurring expenses for homeowners, paid annually or semi-annually, depending on local tax laws.
Groceries and Household Supplies
Though not traditional bills, these are regular and essential expenses incurred frequently for household maintenance
Main Challenges in Managing Regular Bills
Effectively managing regular bills can be challenging. Here are some common difficulties people may encounter:
Keeping Track of Multiple Bills
Juggling due dates, payment methods, and contact information for various bills can be overwhelming and lead to missed payments or late fees.
Remembering Due Dates and Payment Cycles
Remembering different billing cycles (monthly, quarterly, yearly) and due dates for various bills can be difficult.
Managing Paper Receipts and Bill Information
Keeping track of physical receipts and bill statements can be cumbersome and prone to loss or damage.
Difficulty Organizing Payment Information
Remembering vendor contact details, bank accounts for payments, and preferred payment methods for each bill can be challenging.
Prioritization of Bills
It can be difficult to prioritize bill payments, especially during tight financial periods.
Lack of Transparency and Insights
Difficulty in analyzing spending patterns and identifying potential cost-saving opportunities across various bills.
How EazeMax Software Helps to Simplify Regular Bills?
EazeMax Software helps users to maintain and Track the record of their Daily Routine Related Regular bills.
Bill Particulars
In this user needs to put basic details w.r.t each bill like Billing Cycle, Bill from & Bill to, Tentative due date, Reminder before due date, Vendor Contact details, Bank Details, Vendor Address, Payment mode, Vendor Name etc.
Bill Details
In this User can view bill details as per data filled in Bill Particulars like Monthly/Quarterly/Yearly.It will automatically calculate the due date as per detail mentioned in Bill Particular for upcoming bill period.
Expense Categorization
EazeMax can sort expenses into categories like utilities, rent, insurance, loans, and subscriptions. This helps users understand their spending habits and identify opportunities to cut costs.
Bill Consolidation
EazeMax consolidates bills from various service providers into a single platform, giving users a centralised view of their regular bills. This simplifies bill management and reduces the need to manage multiple accounts and logins
Security Features
EazeMax employs robust security measures like encryption, authentication, and data protection to safeguard users' financial information, ensuring their data is secure and protected from unauthorised access.
Bill Reminder
Here user can upload bill receipts, check the existing bill payment status This will automatically puts reminder on Software Calendar on priority basis which ultimately help them to not forget to pay any amount related to specific bill.
Understanding Process by Presentation
By incorporating these functionalities, EazeMax eases GST compliance, alleviates administrative burdens on businesses, ensures adherence to GST regulations, and ultimately saves time and resources while enhancing compliance efficiency.
Home Page
Users can manage and track their daily routine regular bills, such as newspaper bills, electricity bills, water bills, and rent payments, categorized by Upcoming, Completed, Pending, and Due Bills. Each bill has two sections: Bill Particulars and Bill Details. Click on the Regular Bills tab to view and manage your bills, and share them via WhatsApp and Email.
Bill Particulars
To add a new bill, click the "Add New" button. In the new window, enter the bill details, such as the billing cycle and bill number. Click the "Update" button to save your changes.
Bill Details
Under bill details, users can view their bills on a Monthly, Quarterly, or Yearly basis. The system will automatically calculate the due date for the upcoming billing period and set a reminder on the calendar. Users can also upload bill receipts and check the status of their bill payments.
