Category: Uncategorized

What is Paperless Invoice Processing? Paperless invoice processing refers to creating online invoices that only require a couple of minutes to prepare. It is a modern and convenient invoicing process that not only saves time but also helps you maintain digital financial records. Interestingly, paperless invoices can neither be misplaced nor lose their quality. In… Continue reading Paperless Invoice Processing: How to Get Over the Traditional Paper-based Invoices?

What is Invoice Fraud? Invoice fraud is a practice in which fraudsters create fake invoices, submit false invoice data, or manipulate invoices to achieve financial gain. When businesses fail to detect these fraudulent activities, they fall in the trap of invoice fraud. There are multiple ways to commit invoice fraud, which is mainly done by… Continue reading Invoicing Fraud: How to Identify Fake Invoices?

What Is an Invoice? An invoice is a formal document used to request payment from a customer for products or services provided. It comprises the total outstanding amount, due date, and payment terms to help the buyer understand how much they need to pay. Most businesses share online invoices, which include a payment link, to… Continue reading 10 Invoicing Best Practices That Every Business Should Know

What Does “Chasing Payment” Mean for Businesses? For a business, “chasing payment” means they are following up with clients who haven’t cleared their dues on time. It can include unpaid invoices, overdue payments, or forgotten invoices from the client side. Chasing payments is more than sending a message; it is a repetitive effort to recover… Continue reading Chasing Payment: Quick Steps and Examples to Consider

What Is a Vendor Invoice? Commonly known as a purchase invoice, a vendor invoice is a document that requests payment for delivered goods or services. Basically, it’s an official demand from the vendor to clear the payment for goods that have already been delivered. Vendor invoices are sent directly to the business once they have… Continue reading What is a Vendor Invoice? – Definition, Process & Benefits

💡Shocking Facts: The market for progress billing software was valued at US$ 1.2 billion in 2014 and is expected to reach US$ 3.5 billion in 2033. What Is Progress Invoicing? Progress invoicing is an invoicing method in which a company takes payment from the client in different stages, not at the end of the project… Continue reading Progress Invoicing: What It Is and Why Business Needs It?

7 Important Invoice Tips for Small Businesses in 2026 One of the most prevalent issues that business owners and independent freelancers face is not being paid on time for work done. Your client should pay your invoices for your efforts. By applying the right strategies for freelancers to get paid on time, you can ensure… Continue reading 7 Top Invoicing Tips for Businesses to Get Paid Faster

What is an Invoice? When it comes to invoice and billing, an invoice is a document that details the items and services a business gives to customers and who is responsible for paying for them against services provided. The accounting system and invoicing process of a small firm are built based on invoices. Your client’s… Continue reading Billing Vs Invoicing: Is an Invoice the Same as a Bill?

What Does Net 30 Mean for Businesses? The term “Net 30” on invoices indicates that a client has 30 days to settle the whole amount of their invoice. This straightforward concept can be used for a variety of economic activities, including bookkeeping and customer service. It is one of the payment methods utilized by businesses.… Continue reading What Does Net 30 Mean? Understanding Payment Terms