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How to Create an Invoice in Google Docs? As a small business owner, finding simple and easy-to-use invoicing solutions is essential to creating professional invoices and sending invoices to your clients. Fortunately, Google Docs offers an excellent solution. You can utilize Google Docs just by having a Gmail account. You can effortlessly craft professional invoices… 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 Does 2/10 Net 30 Mean? 2/10 Net 30 is a specific type of trade credit arrangement that offers an early payment discount. A 2% discount is given to the client when an invoice is paid within 10 days. Otherwise, full invoice payment is applicable for 30 days. 2/10 Net 30 means buyers can save… Continue reading 2/10 Net 30 Payment Terms: How Do They Work & When to Consider?

What are the Most Common Invoicing Challenges That LLCs Face? While invoicing challenges can vary from one LLC to the next, here are some that are pretty common across the board. 1) Failing to Send Invoices Promptly Delaying your invoices ultimately means delaying the receipt of payments. Again, this can be a real obstacle to… Continue reading Overcoming Common Invoicing Challenges for LLCs: Tips for Success

What is a Net 45 Payment Term? A net 45 payment refers to the time a company has to submit its payment for goods or services rendered, due upon receipt. It is one of the common payment terms. When it comes to invoice payment, such invoice payment terms matter a lot. It is the required… Continue reading Net 45 Payment: Understand Its Meaning, Calculation, and Example

What is the PayPal Transfer Limit? PayPal transfer limit refers to a cap on the amount that can be transferred from one account to another within a specific period. PayPal has set a limit on each transaction to combat fraudulent activities and enhance system security, helping users to transfer their money securely. However, if you… Continue reading What Is the PayPal Transfer Limit & Can It Be Lifted?