What is a Bar POS System? A Bar POS System refers to a Point-of-Sale (POS) technology solution explicitly tailored to the needs of bars and nightlife venues. Unlike traditional retail POS systems, A great bar POS System offers features that help improve speed, accuracy, and organization when serving drink orders and handling money transactions. The… Continue reading Top 7 Best POS Systems to Use for Bars in 2025

What is an Open Invoice? & It’s Meaning The Open Invoice definition says that – it is an unpaid invoice that has been issued to a customer but has not yet been settled or fully paid. It represents an outstanding balance that the customer owes to the business or supplier. An “Open Invoice Report” is… Continue reading Stay on The Top: Everything You Need To Know About an Open Invoice

What is a Profit Margin? The term “profit margin” refers to the amount of money earned from selling products or services compared to the costs involved in producing them. Generally, companies use a profit margin calculator to analyze their financial well-being and identify potential areas for improvement. Calculating small business profit margin is crucial in… Continue reading How to Analyze Your Small Business Profit Margin for Better Growth?

Key Takeaways:  Google Docs is ideal for small businesses needing a simple, no-cost invoicing tool.   Use built-in or Moon Invoice templates for quick, professional results.   Include accurate client info, itemized services, and clear payment terms in each invoice.   Compared to other invoicing software, like Moon Invoice, Google Docs lacks automation, payment tracking, and recurring invoice… Continue reading How to Make an Invoice in Google Docs?

What are the Different Types of POS Systems? When choosing a point of sale (POS) system for your restaurant business, you may consider various options depending on your specific needs and requirements. It also drives what kind of training programs you need to design. There are four main categories of restaurant POS system software available… Continue reading Empowering Your Team: Why POS System Training For Staff Matters Now More than Ever!

What is an Accrued Expense? The term “Accrued Expense” is used to describe money owing to third parties for products or services that have been received but not yet paid for. These liabilities of accrued payable accumulate over time and are recognized as expenses in the company’s books, even though actual payment has yet to… Continue reading Accrued Expenses: What Are Their Impact On Your Financial Statements

What is Split Payment? Split payments are exactly what they sound like: You can split a single purchase into two or more payments. Instead of paying for something with a single credit or debit card or with cash, you can use a combination of payment methods to complete the transaction. Suppose you’re purchasing something online… Continue reading What is Split Payment? Everything You Need to Know

What is a POS Inventory System? A Point Of Sale (POS) Inventory System is an integrated software solution business owners and managers use to monitor and manage their stock levels, orders, and supply chain movements. It provides real-time visibility into inventory levels across multiple locations. It can be accessed from anywhere via mobile devices or… Continue reading Streamline Your Business Operations with an Inventory POS System

What is 2/10 Net 30? 2/10 net 30 is a short payment term used to incentivize the buyer in order to receive the payment as early as possible. Often labeled as a trade credit, 2/10 net 30 promises a 2% discount on the total amount if paid within the first 10 days, starting from the… Continue reading 2/10 Net 30 Payment Terms: What Businesses Need to Know