Being a consultant is nothing like working a 9 to 5 job. You work on a contract basis for organizations that need the skills, experience, and expertise that you’re able to provide...
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Accounts receivable is a term referring to the amount of money your clients owe you for the rendered services or goods and tracking overdue payments. The more time passes without the client paying, the older a receivable becomes. Every business needs to keep a close eye on this information to collect payments and sustain itself […]
Running a service business for your clients means you’ll have to charge them for those service(s) and this means you’ll have to invoice them at some point. This is how you’re informing your clients about exactly what they’re paying for, in what quantity, for how much money, in what ways they can pay, and other […]
In any business that involves providing services and goods for money, getting paid and on time is as important as delivering a timely and quality service (or goods). After all, your business thrives on these funds and you need them for paying your staff, suppliers, vendors, taxes, and so on...
Regardless of your line of work, if it includes providing services or goods to clients and charging money for them, you’re going to have to issue ‘sales bills’ whenever transactions take place. This term is often used interchangeably with the term ‘sales invoice’, causing a bit of confusion in this sphere, so let’s clear it […]
Picture this scenario: you’re sending out invoices and making a profit, yet you’re still having problems with your cash flow...
Making a good first impression helps land new clients, but going out on a high note is how you keep them coming back. That’s why your invoice shouldn’t be just another plain old document—it’s the final flourish you put on each finished product, and your last chance to wow your client...
When you run a small business, it can be difficult to maintain a steady cash flow, especially if not all of your customers pay on time. This is where having the right payment terms and conditions can make a huge difference to your bottom line...