What Is A Self-Billing Invoice? A self-billing invoice is a payment agreement in which the customer creates and pays the supplier’s VAT invoice on their own behalf. The ability to create invoices for services rendered and forward them to an accounting company or agency is one benefit of self-billing bills for contractors. Instead, they submit… Continue reading How Self-Billing Invoices Can Simplify Your Business?

What Is Revenue? Revenue is the amount of money earned by selling a product or offering a service, from which expenses are yet to be deducted. Mainly, it comes from the company’s product sales and therefore, sometimes it is known as ‘gross sales’. Many people also termed it as “top line” because revenue is mentioned… Continue reading Revenue vs Income: Understand the Difference Between Two Financial Metrics

What Is a Sales Invoice? A sales invoice is a document that business professionals issue for clients to request payment. An invoice includes every detail of the service or the product related to the quantity, rate, and tax. Along with it, the invoice carries payment terms and due dates. The major role of sales invoices… Continue reading What Is a Sales Invoice? Everything You Want to Know

What Is a Rent Receipt? A rent receipt is a document or slip provided to the tenant by the landlord, owner, or property manager. It is like proof that the tenant pays payment to the landlord. Hence, there is a proper and manageable record. There are various ways to receive it. Tenants can pay the… Continue reading How to Fill Out a Rent Receipt? An Expert Guide

What is Monthly Recurring Revenue (MRR)? Monthly Recurring Revenue (MRR) is the process of measuring revenue collected from customers who have an active subscription plan. Anything such as coupons, addons, or service fees you charge from customers monthly falls under MRR. “What is MRR” in business means a crucial metric for growth-focused companies to forecast… Continue reading What is MRR in Business? – Your Complete Handbook for Metrics Success

13 Common Invoicing Mistakes To Never Entertain Here are the most common invoicing mistakes to avoid. 1. Sending Late Invoices Are you lazy in sharing your invoice with a client? Give up this habit as early as possible. A late invoice simply means a late payment or unpaid invoices that impacts the whole financial process.… Continue reading 13 Common Invoicing Mistakes That Could Hurt Your Business

What Is an EFT (Electronic Funds Transfer)? Electronic funds transfer refers to the transfer of funds through an electronic mode. The transaction can take place between bank accounts, individuals, and financial institutions. Despite traditional payment methods like cash and checks, this method is quick and peer-to-peer. Some of the major electronic funds transfers (EFTs) include… Continue reading What Is an EFT Payment? Understand EFT Meaning & Types

Best Billing and Invoicing Software for Contractors User friendly invoicing software assists in creating invoices and streamlining the billing process. For this reason, incorporating software is always fruitful for the professionals. Listed below are some of the best invoicing software for contractors. 1. Moon Invoice Moon Invoice is one of the most popular and best… Continue reading The Best Invoicing Software for Contractors to Simplify the Billing Process

What Is a Barcode? Many people know the basic definition of what a barcode is. Barcodes are defined as a set of black lines & white spaces in vertical form. The width between these lines is not identical. Its overall format is rectangular or square. These are computer-readable representations of characters and numbers. These barcodes… Continue reading How Do Barcodes Work? Get the Complete Guide on Barcode System