Finding your average collection period helps determine the average speed of customer payment and the overall efficiency of your AR processes.| altLINE
An IRS Form 941 and W-4 are federal documents needed to open a staffing agency, while state documents like a Tax ID Number are also required.| altLINE
This list of the best accounting software includes highly customizable options, assisting small business owners with many bookkeeping tasks.| altLINE
There are numerous tried-and-true methods to increase cash flow, from implementing early payment discounts to factoring your invoices.| altLINE
The freight billing process involves more than just agreeing on terms and negotiating rates. Here's what you need to know.| altLINE
Types of invoices include: 1. Standard invoice, 2. Pro forma invoice, 3. Commercial invoice, 4. Recurring invoice, 5. Retainer invoice,| altLINE
Net 60 is one of the longer payment terms you'll find. Small business owners selling products or services might be better fit utilizing shorter terms.| altLINE
Net 30 payment terms are one of the longer payment terms you’ll regularly find (although longer terms do exist, such as net 60).| altLINE
Net 15 payment terms, one of the more common invoice payment terms, signals to the customer how long they have to pay the invoice in full.| altLINE
If you're writing an invoice for the first time, following these seven steps will simply the process: 1. Find a Template 2. Add Branding| altLINE
Benefits of e-invoicing for business owners include faster payment, reduced opportunity for manual error, and the convenience of invoicing software.| altLINE
New business owners may not have experience handling accounting tasks. An important first step is learning the differences between invoice vs. receipt.| altLINE
Every business owner should know the differences between a purchase order vs. invoice, both of which are necessary documents for most transactions.| altLINE
There are several different types of invoices, and the invoice type required for usage is going to be dependent on the type of transaction.| altLINE