Introduction Are you having a hard time creating professional invoices? You’re not alone. According to the survey, more than 60% of small business owners consider it a time-consuming and irritating task to issue invoices. Worry no more! Online invoice generators have made it possible for businesses to manage billing in different ways. With just a few clicks, you can now make professional-looking and clean invoices with no need for design skills. However, the next question is how do you choose the right online invoice generator from the broad array of offers? That’s where our elaborate guide is ..read more

Introduction Have the tinted hours of manually overseeing your company’s invoices become your partner? Is it all about the paperwork that just causes confusion and lost payments, and how do we keep up with the bills in a timely manner? If that is exactly your situation, then you aren’t alone too. For small-sized enterprises, invoice management is a point of concern and consumes time and resources that can be dedicated to other important tasks but growth of the company. Surprisingly, there is research that suggests that small enterprises are occupied with about 120 work hours in the invoicing ..read more

Introduction “Beyond transactions, subscriptions build relationships with every renewal, shaping sustained success.” Subscription-based businesses might face issues while maintaining continuous revenue due to multiple subscriptions. If you are also struggling to manage your financial flow perfectly, this blog post is for you as it will take you through every aspect of recurring billing. So, if you are looking for a tool for recurring billing, your search will probably end here. This blog sets the stage for the Top 5 Recurring Billing Software tools in 2024, and one of them might become your tr ..read more

Think about this: You are an accountant! You are back in the office, ready to start your job day! What do you see? You haven’t received payments for the invoices you generated! And what you see is a list of excuses for not getting timely payments. It’s not the first day of this happening, it occurs many times. Overdue invoices are frustrating as it affects cash flow of a business. According to a study by Fundbox, 64% of small businesses struggle with cash flow due to late payments. So, you find yourself trapped, spending too much time chasing down late payments. What if you could put a stop ..read more

Introduction Are you having trouble managing regional invoicing rules for your business? This guide should be all that you need. In this article, we’ll discuss regional invoicing rules and best practices for businesses to manage internal invoicing. Businesses can now operate globally, enabling you to work with different companies from anywhere in the world. Still, you should adhere to the invoicing rules of a client’s country of origin. Let’s explore regional invoicing and the laws governing it. What Are Regional Invoicing Rules? Regional invoicing rules are the specific legal requirements and ..read more

Introduction  What is the first step to take when you want to start a business? Some would argue that it’s coming up with an idea and building a prototype. We disagree! The very first thing you need is your financial forecast. A business financial forecast is a crucial piece of financial information that lenders and vendors often look at before doing business with you. A good financial prediction must be rooted in reality, taken from the company’s previous performance and expenses, and should include a method for future year cost increases or decreases. Creating a business financial forec ..read more

Introduction Errors are inevitable in any process. Although sometimes they might be annoying and time-consuming to rectify, it’s not impossible to fix them. And we know you are having difficulty managing your accounts payable errors, but it is crucial to maintain a healthy financial system. We aim to empower you with practical tips to help you avoid costly mistakes and enhance your financial management capabilities. Implementing these tips can significantly minimize errors and foster a smoother and more accurate accounts payable workflow. Moreover, you can save valuable time, reduce the risk o ..read more

Have you ever thought of why some businesses grow and some always struggle to earn a little? There can be multiple reasons but ‘Cash Flow Management’ is the biggest reason for not getting success in a business. Did you know?  82% of businesses do not succeed due to poor management of cash flow. So, how can any business master the art of managing a healthy cash flow to secure the future? In this post, we’ll take you through a step-by-step journey on how to prepare a Cash Flow Forecast. Whether you are an experienced entrepreneur or just starting up your business, if you properly understa ..read more

Introduction Efficient records management in any small business is paramount as it ensures healthy cash flow. The accounts receivables and payables management records have a unique significance in the business world. Let’s dive into detailed information about Accounts Payable and Receivable Management and their importance. What is Accounts Payable Management? Let’s first understand, what are Accounts Payable. It’s the money that a business has to pay to another business for receiving goods/services from them. To make it more simple, these are the unpaid bills a company has yet to pay. It’s re ..read more

What Are Sprints?  Sprints are short periods of intense work, typically lasting a few weeks. Each sprint focuses on a specific set of tasks or features. Every sprint has a well-defined goal that contributes to the overall project objective. It’s like having a mini-milestone to celebrate progress within the bigger picture. Think of sprints as building blocks. Each one builds upon the previous one, allowing the team to adapt and refine their approach as they go. It’s not a straight shot to the finish line but a series of focused efforts leading to the final product. What Is Sprint Planning ..read more