What Do You Mean By Due Upon Receipt? Due upon Receipt refers to the process of collecting the payment as soon as the invoice is shared. Unlike long payment terms, due upon receipt informs customers to pay instantly instead of paying the money anytime between 15-30 days (as per standard terms). This receipt invoicing approach… Continue reading What is Due Upon Receipt and Can it Help You Get Paid on Time?

What is a Pro forma Invoice? A proforma invoice is a preliminary bill or estimated invoice sent by a seller to a buyer before the actual sale takes place. It provides detailed information about the goods or services being offered, including their price, quantity, and other relevant terms. However, unlike a commercial invoice, a proforma… Continue reading Proforma Invoice vs Commercial Invoice: Everything You Should Know!

Key Takeaways Organizing business receipts digitally is as simple as 4 steps — Digitization, online payments, using a receipt maker tool, and storing them on the cloud. Freeing yourself from manual search, easy expense tracking, quick sharing, and legal compliance are reasons justifying why businesses need to save receipts. Meal receipts, travel receipts, vehicle expense… Continue reading How to Organize Receipts for Your Small Business in 2025

Key Takeaways Invoice discounting is a short-term financing method in which businesses use unpaid invoices to access immediate working capital without waiting for customer payments. It helps improve cash flow by advancing funds against outstanding receivables, ensuring smoother day-to-day operations. There are different types of invoice discounting, such as confidential, disclosed, selective, and whole turnover… Continue reading What Is Invoice Discounting? Everything You Need to Know!