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Understanding Net 30 Terms in Invoices
What is “Net 30,” & What Does it Mean on an Invoice? Net 30 is a payment term for invoices. When this term is included on an invoice, it means the customer has 30 days to pay the total. With net 30, you’re extending credit to your customer and allowing them to purchase services and […]
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Invoice Versus Receipt Basics: Everything Business Owners Need to Know
Streamline your financial record-keeping by learning the difference between invoices versus receipts. Plus, get tips for tracking these critical tools.
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What Is a Proforma/Pro Forma Invoice?
A pro forma invoice, also known as a proforma invoice, is an invoice draft that business owners and freelancers can send to customers before beginning a project or asking for payment. A proforma invoice is not a bill; it is simply a way to calculate and notify the customer of the cost of the order […]
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How to Accept Payments Online (Credit, ACH, PayPal, QR Codes+)
How to Accept/Collect Payments Online Having the ability to collect payments online has become an increasingly important part of doing business. The ease and convenience of paying online with a variety of methods have led to more customers buying more products and services than ever before. Offering multiple ways to accept payments online can lead […]
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How to Fill out a Rent Receipt (with Example)
How to Fill out a Rent Receipt (with Example) If you receive rental payments for the property you own, you need to make rent receipts (a.k.a rental receipts) a part of your payment process. A rent receipt is a “proof of payment” document that shows the rental price paid, any added fees, and the date […]
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How to Calculate & Charge Late Fees on Invoices
How to Charge Late Fees on an Invoice (with Example) Did you know that on average, small businesses spend 15 days each year chasing down late invoice payments? Not only is that an annoying statistic, but it’s also a costly one. You could spend those days working on other projects (and getting paid for them), […]
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How to Write a Past Due Invoice Email
How to Write a Past Due Invoice Email (& Deal with Ghosting) As a freelancer or business owner, chances are you’ve had to send at least one past-due invoice email or payment reminder. In fact, 54% of businesses are currently experiencing delays in payments due to pandemic-related challenges. It can be tricky to get the […]
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How to Write a Strong Invoice Email – 3 Examples/Templates
How to Write a Strong Invoice Email – 3 Examples & Templates As a freelancer or contractor, you need to send invoices for your work. It’s important to write these invoice emails in a way that gets them paid as quickly as possible. In this article, we’ll outline what you need to include to write […]
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Invoice vs. Bill: What’s the Difference?
Life as an independent contractor or freelance business owner can be hugely rewarding. You are your own boss, you set your own work schedule, and you have the flexibility to spend more time with the people that matter most. However, it doesn’t come without a series of challenges salaried employees never have to face. One […]