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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 Advance Billing? Advance billing is a common business practice in which payment is collected upfront by issuing an invoice before delivery of products or services. With this approach, businesses aim to improve cash flow, financial stability, and customer service as well. In short, they follow the money-first approach before dispatching the product from… Continue reading Advance Invoicing: A 2026 Guide for SMBs & Freelancers

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?

How to Send an Invoice Through Email in 3 Steps Here are the simple steps to follow when sending an invoice via email using software or tools. 1. Make an Invoice Before we jump into how to send invoice email, it is all about how to write an invoice email. For that, you can download… Continue reading How to Send an Invoice Via Email [Steps & Best Practices]

What is a Tax Invoice? A tax invoice is a document outlining the appropriate tax that a certified seller charges the customer for their goods and services. It usually includes the product name and description, the invoice date, the invoice number, and the services performed.  The seller must charge services tax or goods tax for… 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?

What is an Estimate? AAn estimate is a formal document shared with prospective clients to help them know the estimated cost and completion time of the project. It is a rough estimate of the project’s cost, including material costs and labor requirements, to complete the work. An estimate helps clients get an idea of whether… Continue reading How to Write an Estimate: A Guide for Small Businesses