It’s all too easy to think that your clients and clients don’t want to receive your invoices. But in fact, if you invoice right your clients will actually be glad to get them. After all, a clear, professional invoice makes it easy to see how much is owed, for what services, and how it can […]
According to a 2016 survey by Upwork, the number of freelancers in the US had risen by more than two million since a similar survey just two years before. Upwork’s Freelancing in America survey revealed that more than one third of the workforce – 55 million workers – operated as freelancers. Hardly surprising given some […]
Keeping a record of your billable hours and issuing invoices to your clients is a fundamental part of operating a consultancy business. Ensuring that you know exactly how much each client owes, and billing them regularly, will ensure you get paid the correct amount in a timely manner. How to Invoice Your Consultancy Clients […]
Bank reconciliation is the process whereby you match your bank statement to corresponding entries on your balance sheet. Identifying any discrepancies will help you to correct your accounting records, and spot potentially fraudulent transactions. How do You do a Bank Reconciliation? Bank reconciliation is a comparison of your account balance as reported by your […]
So you’ve decided to start a small business? It’s an exciting time and it’s going to require all your commitment to make it a success. But remember that it doesn’t have to be funded solely by you, or by way of a bank loan. If you want to ease some of the financial strain of […]
For any small business owner, success comes from generating a profit. And generating a profit requires you to set fair prices that more than cover all the costs involved in manufacturing or purchasing the products you sell. Calculating your ideal selling price requires you to understand the true costs involved in purchasing or manufacturing your […]
Being outstanding at delivering the products and services your business is known for is great – but it’s only part of the picture. The future health and growth of your business depends on making smart decisions based on solid information. To drive your business forward, you will need to: Have a plan. Whether it’s to […]
Yes! The government requires banks to report all cash deposits greater than $10,000.
When written on an invoice, “net 30” simply means that the customer has 30 days from the date of the invoice in which to make payment. If, for example, “net 30” is written on an invoice dated March 1st, then payment is due on or before March 30th. Net 30 is not the only option […]
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