What is Purchase Order Tracking? With a well-maintained PO log, the procurement team can track purchase orders more efficiently. Because it is a legally binding document that directs them through the procurement process, the purchase order is a crucial document for modern companies. The procurement process of following a purchase order from the start of… Continue reading Efficient Purchase Order Tracking for your Business

What is an Advance Invoice? An Advance invoice is a formal document, similar to a regular invoice, which is used to request a payment prior to the completion of service or the delivery of a product. With an advance invoice, businesses or freelancers can ask their clients to pay money upfront before delivering the goods… Continue reading An In-depth Guide on What is an Advance Invoice & How to Manage It

What is a Purchase Order? A PO is a legally binding document that confirms the buyer’s intent to purchase from the seller. The PO is sent to the seller by the customer. Important other details such as quantity, delivery date, prices, rate, shipping instructions, terms, delivery date, and so on. A PO can be used… Continue reading Everything you Need to Know About Purchase Order Process

What is the Shipping Cost? The cost of transporting an item from your store or warehouse to the customer’s home is known as the shipping cost. Shipping costs go into the following categories: Boxes, tape, print labels, and other packing costs The cost associated with hiring workers to do warehouse functions such as picking, packaging,… Continue reading How to Estimate Shipping Costs?

What is Purchase Order Finance? PO financing, or buy order financing, is a financing arrangement in which a third party or purchase order financing company provides funding to a supplier to fulfill a purchase order placed by a client. PO Financing is quite similar to payday or title loans. However, the manufacture of the items… Continue reading What is Purchase Order Financing? How Does it Work?

Steps to Send an Invoice Through Email Are you still not convinced that sending an invoice email is the best way to send unpaid invoices with payment terms? Good. Now, let us show you the ropes in simple language. Step 1: Creating an Invoice You may make an invoice from scratch using Microsoft Office or… Continue reading How to Send an Invoice Via Email?

Key Takeaways A tax invoice is an official document issued by a GST-registered seller that details the goods or services sold and applicable taxes and allows buyers to claim input tax credits.  Tax invoices are vital for documenting taxable sales and ensuring proper tax reporting, helping businesses stay compliant with GST laws.  Buyers need tax… Continue reading Why are Tax Invoices Important For Businesses?

💡Fact File: 👉 According to IRS guidelines, there is a 50% deduction for unreimbursed business meals that are not entertainment-related. What Is Billable Expense Income? Billable expense income is any revenue derived from purchases made on behalf of a client or customer. In simple words, a company charges all the expenses to the customer associated… Continue reading What Is Billable Expense Income? Why Is It Important?

Key Takeaways An estimate is a rough breakdown of project cost and timeline. By considering an estimate, clients decide if it fits their budget or not. A simplified estimate makes you look professional and increases your chances of getting the work. Skip the handwritten stuff. Use estimate templates and online software, like Moon Invoice, to… Continue reading How to Write an Estimate: A Guide for Small Businesses