Learn more about accounting and bookkeeping. Explore the basics of invoicing, journal entry, accounts receivables and so much more.
Invoice terms and conditions can cause a lot of problems especially when it is not properly prepared. Before we get into the must-include terms and conditions of an invoice, let's first have a look at the importance of having proper terms and conditions in your invoice.
There are many times of invoices, which invoice you will use depends on your industry or the purpose of your invoice. In this article, we talk about what is an invoice and the 6 different types of invoices that you can use. Strap in and let's get going!
As a new business owner, some administrative or industry terms might be foreign to you. Some of the new business owners we talk to asks us the difference between an invoice and a receipt; some even think that they are the same thing. Before we dive into the differences between…
As a business owner, the word "Accounting" or "Journal Entry" might seem daunting as it could mean a complicated minefield. Even the basics of accounting concept may be hard to grasp. Many will think, will I need my accountant to use this function for me? The answer is it doesn’t…
In this article, we explore how accounts receivable work, its process, and how to track it. You will also be able to understand the flow of tracking accounts receivable and why it is important to SMEs. Let's Begin. Accounts receivable is a record of sales the business has made that…
There are some critical elements that we must include for an invoice to be effective. Before we dive deeper into the topic, let's first understand what an invoice really is and what is it for. Quite possibly, invoices are the most important document when running a business. It is a…
