Invoicing is a process that takes some effort and standardization in order for companies to function effectively for the long term. It is good to stick with one standard in terms of what is expected on an invoice, the payment to be delivered by the due date, and for companies to be able to follow their invoices (knowing which were paid and when for instance) for the long term with their clients.Read more
Recently, we have probably all seen the headlines regarding the growing market of invoice factoring. It has become an interesting market, and a reliable source for SMEs to stabilize their financials.
It is interesting to note that even though news regarding invoice factoring reaches huge headlines, invoice factoring or financing is not as popular as it would seem. SMEs are all fully aware that maintaining a healthy and steady cash flow is a hard task to achieve. Invoicing software which enables for payment automation will generally result in your invoices getting paid faster, and can help SMEs maintain a decent cash-flow. But what happens, when your business is in dire need of quick cash? When money is required to start a new project, to purchase supplies, to pay taxes, or because payroll is due?
Whether you are just starting out your adventure as an Entrepreneur or have already been operating for a while, chances are that you have a dedicated Facebook page. After all, practically every business has a Facebook page. The difference between Facebook pages is massive, some use it occasionally, others use it frantically. The problem with Facebook is that “not every business is as suited for advertising with it as another”. Restaurants, Gadgets, Video games, Sports teams, Artists, all of these have massive potential on Facebook. They rely heavily on fan-interactions and feedback, other companies are not as active and only use Facebook as a side project. That is a mistake.Read more
Every year more and more people decide to walk the path of self-reliance and start their own businesses. Being your own boss has many benefits, but there are also risks and difficulties involved. Take a look at these 5 tips to avoid the most common pitfalls of self-employment.Read more
Cut down the time spent on invoicing to the absolute minimum. InvoiceOcean's new feature lets you skip most of the invoicing process - no more filling out your customer's contact info, sale details, tax rates and so on. Just leave it to your clients!
Startups and coworking are a match made in heaven. Why rent an office when you just need a desk?
The fundament of coworking is sharing space, but working on separate projects. It's up to you whether you want to work on something personal, or catch up with company deadlines. Coworking is perfect for ultra-creative startup owners, but it's also a great solution for enterprising small business owners. But what exactly makes coworking so great?
We have improved InvoiceOcean's warehouse documentation module by adding support for FIFO and LIFO queueing, including profit margin report generation. Not familiar with FIFO/LIFO? Read on - in this article we'll explain both concepts and give some tips on effective warehouse management.Read more
Are you looking for new ways to save money? You've probably talked to tax advisors, outsourced some services and negotiated better rates for your phone and internet connections. At this point, it seems that there's nothing more you can do. Wrong! You can save even more with online invoicing.Read more
In today’s market carriers are always in search of ways to cut down expenses. There are many online accounting sites to choose from - make sure you pick the right one for your needs. Consider InvoiceOcean: an easy to learn, fully-featured e-invoicing solution.
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.Read more
Find out what a proforma invoice is and how to create one with just a few clicks.Read more
Read this simple definition of a receipt and learn how you can create one in under 30 seconds.Read more
Invoice is the primary sales document, containing detailed information regarding completed transaction. It is the most popular accounting document. Properly issued invoice contains the following information:Read more
Wondering what prepayment invoices are and how to create one? Learn what makes them different and how you can easily create a prepayment invoice and automatically associate it with a final invoice – the right way you should do it in accounting.Read more
Credit note - read the simplest definition. Explained in simple words. Issue a credit note in 30 seconds.
If any of your clients operate within the European Union, you are obliged to issue a European invoice. Such an invoice is not significantly different from the traditional, however, you need to remember to enter relevant additional details:
Execution and management of payments are the key aspects of every company’s daily life. Their ease and quickness have an impact on the financial condition and current results. In order to simplify and speed up the payment process, change your mindset and step away from the traditional approach. Become familiar with four examples of effective ways to accelerate the payment process.Read more
Learn how you can save more time by managing your online transactions and invoices with these simple tips.
The European Commission’s proposal to implement rules regarding e-invoicing in public business sector has been accepted by the European Parliament.
Learn about the changes that concern business owners.Read more