Easy to Manage Regular Bills By Using EazeMax Software
As it is impossible to remember upcoming and past payments in today's busy life, Regular Bills are a headache for people. However, SAG Infotech, a recognized company, has introduced EazeMax software to handle diverse bills, such as newspaper subscriptions, rent, EMIs, tuition fees, mobile, water, electricity, and more. "Regular Bills" are said to be the recurring expenses that individuals or households regularly incur. Such expenses emerge from consistent intervals monthly, quarterly, or annually and are essential for keeping daily life and a specific standard of living.
Examples of Common Regular Bills Include
For financial stability and avoiding late fees, handling regular bills is important. Building a budget, setting up automatic payments, and prioritising bills by due dates can assist individuals in managing these expenses efficiently and maintaining control over their finances.
Loan Payments
Scheduled payments for multiple loans, along with car, student, and personal loans, are made according to the loan terms.
Credit Card Payments
Monthly expenses for credit card bills, which should be paid either in full or as minimum payments, as per the use of the credit card.
Property Taxes
Recurring expenses for homeowners, paid annually or semi-annually, as per local tax laws.
Groceries and Household Supplies
While not conventional bills, these are essential and regular expenses incurred often for household upkeep.
Utilities
Recurring expenses for services like electricity, water, gas, and internet, typically billed monthly.
Rent or Mortgage Payments
Regular payments of housing, whether renting or owning, are made monthly or as specified in lease or mortgage agreements.
Insurance Premiums
Regular payments of insurance policies, along with health, auto, home, or life insurance, can be billed monthly, quarterly, or annually.
Main Challenges in Managing Regular Bills
It is not easy to handle regular bills. Below are specific issues that people may face.
Keeping Track of Multiple Bills
Managing due dates, payment methods, and contact information for various bills can be overwhelming, leading to missed payments or late fees.
Remembering Due Dates and Payment Cycles
For various bills, remembering different billing cycles (monthly, quarterly, yearly) and due dates can be difficult.
Managing Paper Receipts and Bill Information
Keeping track of physical receipts and bill statements is cumbersome and susceptible to loss or damage.
Difficulty Organizing Payment Information
Remembering vendor contact details, bank accounts for payments, and desired payment procedures for each bill might be difficult.
Prioritization of Bills
Prioritizing bill payments, particularly in tight financial periods, cannot be easy.
Lack of Transparency and Insights
Issues in examining spending patterns and determining cost-saving opportunities across various bills.
Inability to Compare Test Results
Comparing test results from different laboratories can be difficult, making it challenging to identify trends and monitor health conditions.
Inability to Compare Test Results
Comparing test results from different laboratories can be difficult, making it challenging to identify trends and monitor health conditions.
How EazeMax Software Helps to Simplify Regular Bills?
EazeMax Software supports users in maintaining and tracking the records of their regular bills.
Bill Reminder
The user can upload receipts of bills, check the current bill payment status. The same shall automatically put a reminder on the software calendar on a priority basis, which assists them in remembering to pay any amount associated with a specific bill.
Bill Particulars
To add a new bill, tap the "Add New" button. In the new window, enter the bill details, like the billing cycle and bill number. Tap the "Update" button to save your changes.
Bill Details
The user can view bill information under the data filled in the bill particulars, such as monthly/quarterly/yearly. The same shall compute the deadline as per the information specified in the bill particulars for the forthcoming bill period.
Expense Categorization
EazeMax can categorize expenses into categories such as utilities, rent, insurance, loans, and subscriptions. This assists users in comprehending their spending routines and determining opportunities to slash costs.
Bill Consolidation
From distinct service providers into a single platform, EazeMax consolidates bills, providing users with a centralised view of their regular bills. The same streamlines bill management and lessens the requirement to handle multiple accounts and logins.
Security Features
EazeMax has the feature of strong security measures like encryption, authentication, and data protection to secure the financial data of users, ensuring their data is secure and protected from unauthorised access.
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.
