Regardless of the size or industry, if you’re a selling business there’s always two parties involved; the buyer and the seller. The buyer would be your customers who are looking to purchase goods or services, while the seller (or “vendor”) is the party that is extending the goods. In order to track inventory and sales, […]
Many entrepreneurs do not do the proper homework before beginning a banking relationship. A lot of times the owner just opens up a business account at their personal bank without giving it any further thought. Getting a handle on both your banking and client relationships will help you successfully manage your business cash flow in […]
Strong terms and conditions for your invoices are extremely important for your business. If your invoices are difficult to understand or confusing to read, you can do some serious damage to your cash flow. Why? Because it the client can’t comprehend your invoice they’re not going just pay you in good faith. Your client wants […]
Invoicing and collecting payment can be time-consuming. You did your part for the client. Maybe you delivered your service based on a proposed timeline, shipped a product right away, or just met your work deadlines. So why is it so hard for people to be on time when they send your payment? It just doesn’t […]
Sending out an invoice may appear simple, but if you do it well, it’s almost an art form. Many entrepreneurs and business owners don’t understand how to do it properly. So if you haven’t evaluated your invoicing habits with care, then there’s a good chance you’re missing out on opportunities to maximize your revenue as […]
Businesses, regardless of the industry or size, require regular cash flow from their clients and the customer to pay their expenses, such as their employees salaries and the utilities. That’s why invoicing is a necessity. Without these bills, you won’t be compensated for the services rendered or products sold, which in turn means that you […]
Regardless if you’re a business owner or freelancer, accounting software that can handle tasks like invoicing is a necessity. After all, how else do you expect to be compensated for the goods and services that you’ve provided? But, with the seemingly endless amount of accounting software available, how can you narrow down these choices to […]
Invoicing is an important but often overlooked part of a business. How a company bills its clients impacts how well and how fast it gets paid for its products or services. Failing to have an effective invoicing system can slow down how fast companies get paid for the work they do, or worse, cause them […]
So you made a sale, delivered your products or services in a timely manner, and satisfied the client. But now, you’re waiting in vain for the payment. If you’re frustrated and a little worried about how customer payments affect your business, you’re not alone. Many businesses, especially start-ups, find getting paid by customers on time […]
Sometimes clients make mistakes and send invoice overpayments. For example, if you bill them $500 and they send you $1,000 because they accidentally submitted a wire transfer twice. Other times, they may have just misread the invoice and sent you wrong the amount. This is no fault of yours – as long as you followed […]