Have you ever heard of the man who scammed Google out of $100 million just by issuing invoices, pretending to be a partner company? If not, you should because it’s one of the best examples of why invoice tracking is so important. Even big organizations, with all their market-leading tools and staff, sometimes make mistakes. And that risk becomes so much greater when you’re running an SMB and handling all of your activities from negotiation to execution and invoicing yourself. That’s why this guide will tell you everything you need to know about tracking invoices and payments, including the b ..read more

Whether you’re a small startup or a large corporation, effectively managing invoice processing is essential for maintaining healthy cash flow and optimizing financial processes. But have you ever wondered about the complexities of handling just one invoice?How many steps does it entail, and how much time does it consume?  There are a number of things that can go wrong if invoices are not processed efficiently: late payments,  inaccurate data entry, missed discounts and penalties,  strained relationships with suppliers,  and even fraud, to name a few.  Not to mentio ..read more

Foreigners often joke about Australia being the “upside-down” country, where everything’s turned on its head. And while this benign joke mostly refers to the continent’s geographical location and murderous wildlife, it’s also relevant to Australia’s laws regarding self-employment and invoicing. So, to help you make sense of it all, in this article, we’ll cover everything you need to know about becoming a “sole trader” in Australia and what that means for your invoicing processes.   Key Takeaways A sole trader invoice in Australia must include specific details like ABN, contact inf ..read more

As businesses continue to invest heavily in SaaS solutions, understanding how to navigate the intricacies of SaaS billing becomes pivotal. Let us understand SaaS billing and explore the various strategies for effective SaaS billing management. This will ensure that your organization can fully harness the benefits of modern cloud-based software solutions without breaking the bank. Software-as-a-service (SaaS) represents the latest revolution in this dynamic and ever-changing global environment. Yet, as more organizations rely on SaaS solutions to meet their operational needs, the intricacies ..read more

Outsourcing or in-house? There’s hardly a manager or employer today who hasn’t asked themselves this question at least once. The problem with it is that there is no straightforward answer. Both options are available for many services and tasks and each has its set of advantages and disadvantages. So, how do you make the choice? On one hand, you can keep this internally and hire someone who knows your company inside out. It will be faster, smoother, and in many cases – cheaper. If you go by loyalty studies from Forbes, 75% of internal hires are successful in a new job role, and this reportedl ..read more

Imagine a world where paying for your morning coffee is as simple as a wave of your hand. It could also be where your credit card knows you by fingerprint, and your watch pays for your groceries. This is not the script of a sci-fi movie. It’s the reality of today’s credit card payment innovations.  As we navigate the digital age, the traditional wallet is changing, making way for faster, more secure, and convenient payment methods.  However, with these advancements come challenges: concerns over security, accessibility, and keeping pace with rapidly evolving technology. Understandi ..read more

Mobile technology has made issuing an invoice an easier process than ever before. Now business owners can create and send invoices on the go, wherever they are. As a small business owner, you face a variety of unique challenges every day. Perhaps the biggest one is making sure you have enough funding to keep your business healthy and growing. You’re not alone in that concern. In fact, many entrepreneurs identify poor cash flow as a major reason why startups fail. Issuing timely invoices and staying up to date on outstanding payments can help you stay on top of the cash flow problem. If ..read more

Imagine your business is thriving; revenues are rising, the client base is expanding, and the market presence is strong. However, in the office where financial strategies are crafted, complacency has taken root. This complacency creates an invisible ceiling, impeding the potential for further growth and optimization; thus, a vibrant culture of continuous improvement in finance becomes paramount. Inertia is the enemy. Without an adaptive and forward-looking financial backbone, the agility required to navigate the complexities of today’s business environment is hampered. A focus on continuous ..read more

As a small business, you probably have so many things to think about: growing your network of clients, keeping up with the latest trends, monitoring your performance, maintaining an online presence, and the list could go on and on! But there’s one thing you shouldn’t overlook, and that’s compliance with privacy laws, such as the EU’s General Data Protection Regulation (GDPR). According to a recent study by Cisco, 87% of respondents have stated that privacy is a priority and 33% of them are willing to take action when it comes to protecting their data (this percentage reaches 42% with younger ..read more

If you are running a small business or you are self-employed as a sole trader, it is vital to stay on top of your business expenses, as these have a direct impact on the amount of tax you pay and the profitability of your enterprise. However, tracking business expenses can be a difficult and time-consuming process, particularly if you are new to it and don’t yet know the right tools to make it simpler. We’ve simplified business expense tracking with key terms, steps, and a top-rated expense tracker recommendation. Streamline your financial processes and boost your business success today ..read more