Accounting

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 […]

We’ve all been there. You’ve done the work, sent the invoice, and… crickets. Suddenly, that hard-earned money feels a lot further away than it did a few weeks ago.   Despite businesses doing their best to stay on top of payments, the late payment struggle is real. The 2022 Late Payments Report reveals that a whopping […]

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 […]

Streamline your financial record-keeping by learning the difference between invoices versus receipts. Plus, get tips for tracking these critical tools.

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 […]

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 […]

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), […]

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 […]

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 […]