If you're a business owner working in a fast paced environment, keeping track of accounting documents can sometimes be difficult. Invoicing your clients on time is one of the most important aspect of running a successful business.
InvoiceOcean has a fully adapted mobile version for iPhones. Simply enter the website URL in your iPhone's browser and you will be able to enjoy every feature that is offered on stationary devices.
Using InvoiceOcean on your iPhone gives you the following benefits:Continue reading
Estimate is a financial statement approximation of the amount to be either credited or debited for items that cannot be clearly measured.
The purpose of accounting estimates is financial statement accuracy improvement. Analysts' decisions are based on those financial statements and accountants' duty is to generate them as precisely as possible even if the monetary value is unknown.
In order for estimates to be effective, the basis, on which the accountant estimates numbers, needs to be reliable:
A bill is a payment request for goods or services which were received. It contains a list of services or items and the due date.
Bills and invoices are often used interchangeably and there is no difference in the results they produce. Invoices are commercial documents which contain more information (e.g. seller's and buyer's address, method of payment) than bills.
The use of these documents is determined by circumstances. Issuing bills is a common practice in restaurants, credit card companies, utilities and other service providers.Continue reading
Proforma invoice is an accounting document which shows how much a certain number of goods or services will cost in advance of a shipment. What differentiates it from an estimate or price quotation is the fact that the terms of sale are subject to change. It is used by a wide variety of businesses in every industry.
Proforma invoices are used in situations when the client have not yet agreed to the prices and is send a proforma to give them an idea of how much the goods or services will actually cost. InvoiceOcean allows your clients to easily convert a proforma to an invoice by clicking the "Convert to invoice" button. It is a useful feature which saves time on otherwise having to issue a new document and enter all data from the beginning.
A properly issued proforma should contain the below information:
Receipts and invoices are source documents in accounting.
When a buyer and a seller conduct business transactions they are required to record or document it with both of these documents.
A receipt is document stating that payment has been complete in order to finalize the sale. It usually works an ownership proof and should contain the following information:Continue reading
A large number of users look for a simple invoicing software for Apple Mac OS X system. InvoiceOcean can be successfully used on Apple products as it is fully integrated.