Bookkeeping

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 […]

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 […]

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, […]

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, […]

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. […]

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 […]