Operations

One of the most important documents for exporting goods is a commercial invoice. Even if you’re a solopreneur, you’ll need one. But what is a commercial invoice, and what info should it have?

Are you running a small business? Do you sometimes worry about money? Let’s talk about something called invoice factoring. It's a way to get your money faster.

Partial payments are a common hedge against various risks. It’s common in industries like construction, where charging in full upfront is not a standard practice. According to Barclays, 58% of U.K. small and medium-size businesses were waiting on money tied up in outstanding invoices as of 2022.  Asking for a partial payment before starting a […]

In the dynamic and intricate world of business, maintaining a clear and comprehensive record of business expenses stands as a foundational practice that can make or break your company’s success. The ability to effectively track business expenses is not only a matter of financial prudence but also an act that directly impacts your business’s overall […]

Among many crucial business practices, learning how to keep track of invoices and payments emerges as mission critical. Recent statistics reveal that 11% of customers never receive their invoices, with 35% of unpaid invoices remaining for over 30 days. These numbers underscore the importance of invoice monitoring, as it safeguards revenue streams and fosters financial […]

As your contracting business grows, so does the size of your projects. Instead of wrapping up in just a few days, projects can take weeks, months or even years to complete.   When these larger projects start to become your norm, your business is probably at a point where it has outgrown a bill-as-you-go system. In […]

There are many things a business owner can put off, but invoicing is not one of them. Timely invoices help ensure a healthy cash flow so you can keep For many businesses, accepting credit card payments on a mobile device is the easiest—and fastest—way to get paid. Using a smartphone or tablet to generate an […]

There are many things a business owner can put off, but invoicing is not one of them. Timely invoices help ensure a healthy cash flow so you can keep your business running. However, it’s not enough to just tell your customers how much is due. You need an invoice that includes:  the date of the […]

The lifeblood of every business is cash flow. Small business owners and contractors need money coming in so they can pay their suppliers, employees, and themselves. One way to help maintain steady cash flow is by offering net 30 terms. For many people new to running a business, this common invoicing practice is unfamiliar. Here’s […]