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What are Duplicate Payments? Duplicate payments refer to multiple payments that have been processed accidentally two or more times by the business’s accounts payable department. They are considered overpayments that were unintentionally made for the same invoice or bill. Duplicate payments can result from transferring the same amount mistakenly to another bank account via electronic… Continue reading What are Duplicate Payments & How to Prevent Them

What Is a Non-profit? A non-profit organization, also known as a not-for-profit organization, works for the welfare of society instead of making money and making a profit. These organizations never offer their profits to their shareholders. They begin the journey with a specific mission and goal relevant to the upliftment of society. The core actions… Continue reading How to Start a Nonprofit? Launch Your Successful Business

What is a Goods Received Note (GRN)? A Goods Received Note (GRN) is an essential document in inventory and procurement management that confirms the receipt of goods from a supplier. It serves as proof that the ordered goods have been delivered, inspected, and accepted by the buyer. A GRN plays a crucial role in ensuring… Continue reading A Complete Guide to Goods Received Note (GRN)

What Is Double Invoicing? Double invoicing occurs when a business issues or receives an invoice twice for the same goods or services. In such cases, the invoices are non-identical in their attributes, with slight differences. This situation can occur either by mistake or by intention (fraudulent activity) and is called invoice fraud. The vendor or… Continue reading What Is a Duplicate Invoice? A Guide to Double Invoicing

What Is an Expense Policy? An expense policy is a document that clarifies what does and does not fall under the reimbursement expense claim category. Basically, it underscores how the company handles expenses associated with it but incurred by its employees. It explains what are the supporting documents required to make a reimbursement claim and… Continue reading Your Handy Guide to Expense Policy: Definition, Importance, & Best Practices

Why Should You Estimate the Photography Jobs? Accurately estimating photography jobs is not just about setting a price; it’s a foundational aspect of running a sustainable and professional photography business. There are several key reasons why estimating is crucial for both the photographer and the client. Here are the main benefits: Avoid Undercharging or Overcharging… Continue reading How to Estimate Photography Jobs Like a Pro?

What Is a Vendor Payment? Vendor payment, also known as ‘supplier payment,’ is a payment made by the business to suppliers or vendors for their offered goods or services. It is an essential part of accounts payable operations and ensures a strong supplier relationship. Utilizing and maintaining a proper vendor payment management system is essential… Continue reading What Is the Vendor Payment Process and How Can It Be Improved?

How Much Should You Charge For Delivery Per Mile $1 to $3 per mile is what you should charge. However, the pricing range may vary depending on the delivery type and business model. While determining the delivery cost, also factor in fuel cost, maintenance cost, driver wages, and the profit margin. It is understandable how… Continue reading How Much to Charge for Delivery Service in 2026

How to Transfer Money From PayPal to Your Bank Online? PayPal offers a simple approach to transferring your PayPal balance to the bank. There is a straightforward three-step process to transfer from PayPal to the bank. Step 1: Link Your Bank Account to PayPal The first step is to link your bank account to PayPal… Continue reading How Do You Send Money from PayPal to the Bank Quickly?