Accounting
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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 […]
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What is a Tax Invoice? Features & When to Use One
Independent contractors and freelance business owners in the US and across the globe must issue tax invoices from time to time. If you’ve never prepared one before, this can be a daunting task. The good news? Navigating tax invoices doesn’t have to be complicated or time-consuming. In this article, we’ll explore what tax invoices are, […]
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What Is Invoice Reconciliation?
Independent contractors and freelance businesses chart their own financial courses. That means you must be in control of your finances and their accuracy. A big part of such a process is invoice reconciliation. To ensure you follow all the rules (local, state, national, international), you’ll want to establish processes for your finances. In this post, […]
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What Is a P.O. Number on an Invoice?
As an independent contractor or freelance business owner, keeping track of your sales is essential. Without organized records, it’s difficult to find order details quickly and easily in case of issues, an audit, or for tax purposes. A purchase order number (P.O. number) is a helpful way to add organization to your company’s record-keeping system. […]
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What is a Sales Invoice & How to Create One in 5 Steps
The creation of the sales invoice occurs after the product or service delivery. It will convey the transaction details and payment expectations. The exact time you send them depends on when you do your accounting. You can opt to send them immediately after delivery as part of closing out a job. Depending on the volume […]
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Breaking Down “The World’s Longest Invoice”: Unpaid Bills a Growing Problem For Freelancers & SMEs
We revisit “The World’s Longest Invoice” and examine the growing problem of unpaid invoices for freelancers and SMEs. Back in 2012, the Freelancer’s Union launched “The World’s Longest Invoice”. Their aim? To highlight the vast amounts of money lost by freelancers each year. According to the Union 71% of freelancers struggle to get paid. They […]
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New to iOS: Record Partial Payments or Deposits
Invoice Simple lets you record multiple deposits or partial payments for an invoice. Get paid in instalments or take a deposit before work begins.
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New to Android: Get Paid Faster with Client Statements
Use Invoice Simple to quickly remind specific customers about overdue payments or give them an overview of their account history.
