Ruul.io Product Update: Streamlined Invoicing, GST-Compliance, and More!
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Hello, dear Ruul.io community! 👋
We trust you're doing incredibly well and that freelancing has become a walk in the park with Ruul.io. We have been tirelessly working behind the scenes—like diligent bees 🐝—to make your freelancing journey smoother and more efficient. We're thrilled to bring you the latest updates that have rolled out this month, so let's jump right in!
A Smooth Sailing Invoicing Experience 🤩
Invoicing is an integral part of freelancing, but we know it can often be a daunting task. That's why we've further refined our invoicing feature. No more cumbersome navigation or switching between multiple screens.
With this update, we've made invoicing so easy that you'll actually look forward to it!
GST-Compliant Invoicing Tailored for Indian Freelancers
We have some exciting news for our community members based in India. Ruul.io is equipped to issue GST-free invoices! Here are some of the benefits you can look forward to:
Zero GST, Full Compliance: No need to calculate and add an 18% GST for your local clients. Our B2B invoices are fully compliant and require zero additional effort from your end.
Free e-FIRC for Every Transaction: Cut the paperwork and streamline your workflow. Every time you receive a payment, we'll provide you with a free e-FIRC.
Speedy Payments: Waiting for payments can be a pain, but not anymore. We guarantee payouts within 24 hours. For even faster transactions, simply link your Payoneer account.
For more insights, head over to our detailed guide here.
Additional Fixes and Enhancements 🛠️
Improved Invoice Calculator
Now offering even more precise calculations to the penny and lower fees.
Revamped Financial Infrastructure
Freelancer payouts are now around 30% faster.
User-Friendly Onboarding
We've simplified the registration and onboarding process to get you started without a hitch
Effortless Bank Account Management
Adding a bank account is now a breeze, thanks to our automated and simplified forms.
Data-Safe Confirmation Modals
Never worry about losing your form data with our new confirmation modals.
Enhanced Client Information
A single click on the client name under the "Clients" section will now reveal all the details you need.
Features You Might Have Missed 🕵️
Are you aware that Ruul.io speaks your language—literally? Although English is our default language, the platform has long supported a variety of languages to suit users worldwide. You can effortlessly switch to French 🇫🇷, German 🇩🇪, Greek 🇬🇷, Italian 🇮🇹, Polish 🇵🇱, Spanish 🇪🇸, Turkish 🇹🇷, or Ukrainian 🇺🇦. If you haven't explored this feature yet, now's a perfect time to tailor your Ruul.io experience to your liking. 🌍
Your Feedback Fuels Us ⛽
We are on a mission to make Ruul.io the unparalleled platform for freelancers worldwide. Your feedback is instrumental in guiding us along this exciting path. Stay tuned to our newsletters to always be in the loop about our latest features and updates.
We can't wait to share more exciting developments in the coming months. Until then, happy freelancing!
Ruul helps freelancers and independent contractors:
Invoice Clients: Create and send invoices without registering a business.
Receive Payments: Get paid directly into your bank account, Payoneer, or Binance account.
Quick Payouts: Enjoy fast payment processing.Legal Protection: Use fair service and non-disclosure agreements.
Who is Ruul for?
Ruul is for freelancers and independent contractors who want to manage their finances without running a company. It’s ideal for those working across borders or dealing with multiple currencies.
How does Ruul work?
Create Invoice: Enter client information and create the invoice.
Add Collection Account: Add a bank, Payoneer, or Binance account to collect payments.
Client Payment: Your client can make the payment via bank transfer or credit card using the payment link generated with the invoice.
Collect Your Payout: After your client’s payment is processed, we deduct our commission and transfer the remaining amount to your bank account.
Is there a subscription fee?
No, you can get started for free. Ruul takes a small commission from each invoice. There are no monthly subscriptions, hidden costs, or surprises. Check out the pricing calculator here.
How long does it take for me to receive the payment?
Once your client completes the payment and the funds arrive at our bank account, the payout is initiated immediately.
Collecting your payout in your local currency; the funds arrive in your bank account within 24 hours.
Collecting your payout in foreign currency; it may take up to 3 business days for the SWIFT transaction to arrive at your account.
Collecting your payout in cryptocurrency; the funds arrive at your wallet within seconds once the payout is initiated.
How does my client pay?
Each invoice includes a payment link. Your client can use this link to pay without registering on Ruul. They can also sign up and pay from their dashboard. Both bank transfers and credit card payments are supported.
What about taxes?
VAT: Depending on your client’s location, VAT is automatically added to the invoice.
Income Taxes:You are responsible for declaring your income and paying your own taxes in your country of tax residence.