cash flow

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financial reports and statements

November 20, 2024

Financial Reports – Your Complete 2025 Guide to Successful Reporting

Financial reports contain important financial information that helps creditors, auditors, and analysts to evaluate your company’s economic performance. Some of the information in these financial reports are required by law in the accounting industry for tax purposes. Using financial reports, small businesses can monitor their revenue and access their past successes and put plans forward…

Essentials of Sales Forecasting and Projections

November 7, 2024

Sales Projections: Everything You Need to Know

How to make sales projections – this is a critical question for your business. Sales forecasting is key to any business because it can help you improve and develop a solid strategic plan by giving you in-depth knowledge of the market. If you’re wondering how to forecast sales, this one is for you. We’ll fill…

Quote vs Invoice

November 5, 2024

Quote vs Invoice: Know the Main Differences

The business world moves quickly, and staying on top of your paperwork is not just ideal; it is necessary. As a freelancer or small business owner, getting your quotes and invoices right can have a big impact on the way you work with your clients and manage cash flow. But what are the differences between…

Commercial invoicing

October 30, 2024

Understanding Commercial Invoicing in 2024

If you do business in international markets, then you know just how important getting documentation right is. Certificates of origin, export (or import) licenses, customs declaration… The list is seemingly endless. That documentation can get even more complicated depending on the nature of the goods. If you’re exporting (or importing) goods such as hazardous materials…

financial roadmap

October 29, 2024

Creating a Financial Roadmap: The Basics of Business Financial Planning

Every business runs on money and needs money to make even more money. However, a lot of things can go wrong with your business finances if there’s no proper management and growth plan in place. Just so you know, over 82% of businesses that fail cite a lack of proper cash flow as the main…

how to start consulting business

October 21, 2024

How To Start A Consulting Business In 2025

If you’re a subject-matter expert, there’s bound to be a target audience out there who needs your expertise. So why not package that up into a consulting business and charge premium prices for it? If you’ve been wondering how to start a consulting business, look no further. Keep reading to discover how to turn your…

how to start a cleaning business

October 15, 2024

How to Start a Cleaning Business in 2025

There is probably no better time to start a business simply because small businesses are now booming. And as more businesses are propping up everywhere, the demand for various types of services also rises. This is especially true for cleaning services. But, starting a cleaning business can seem a bit daunting because the employee turnover…

Invoicing Apps for Tradies and Constructors

October 9, 2024

7 Top Invoicing Apps for Australian Tradies in 2024

Want to know what the best invoicing apps for tradies in Australia are? For a manual worker, you’ll need invoicing solution so you can claim money from your customers for the work you’ve done. As an Australian tradie, you won’t always be in the office to complete administrative tasks such as sending out invoices. Therefore,…

Invoice vs Receipt what is the difference

October 7, 2024

Invoice vs Receipt: What’s the Difference?

When you sell services or goods for your business, you’ll enter an agreement with the client that involves completing a financial transaction. You can have a verbal or written agreement, and you’ll outline the transaction terms or document them with an invoice and a receipt. Receipts and invoices work as crusial documents for your accounting…

Invoice management system

September 23, 2024

Invoice Management Guide for SMBs

As a small business owner, you will have to deal with dozens of invoices on a daily basis. Things might get even more complicated as your business grows and you start to have working relationships with more people. This can make managing invoices a very difficult job since it doesn’t only involve creating invoices, it…

how to make a simple invoice

September 17, 2024

Simple Invoices: What You Need to Know

Creating simple invoices for your small business is one of the smartest ways of billing your customers for any services done or products sold. Proper invoicing is essential when running a professional business and this matters even more so when you’re starting up with a new business. Launching a small business is exciting. You’ve spent…

business budget

September 5, 2024

Create Your First Budget: Tips and Template!

Your business started with a passion and evolved into something that you’re proud to call your own. Now it’s time to get your finances in order so you can endure the long haul. The first step in handling your business’s finances is to create a budget. “By creating a budget, you’ll be able to hold…

best invoicing software for self employed

August 26, 2024

10 Best Invoicing Software for Self Employed

The best invoicing software should ensure that self-employed individuals get paid on time and that their cash flow always runs smoothly and smoothly. In this article, we have compared and provided you with insights into the features of some of the top invoicing tools and how these can positively influence a business’s financial health. We…

what is invoice tracking

August 19, 2024

Invoice Tracking 101: Tips, Tools, and Techniques

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.…

electronic invoice

August 16, 2024

Electronic Invoice: The Ultimate Time-Saver

Invoicing is nothing new – quite literally. The first invoices appeared in ancient Mesopotamia around 2,000 BC. Since then, the technology has changed only a few times, simplifying and streamlining the entire process significantly each time.For one, we discovered new formats for invoices, starting with parchments and ending with printing papers. Then, we improved the…

Best Invoicing Software for Contractors

August 13, 2024

10 Best Invoicing Software for Contractors

Every contractor knows that getting paid on time is crucial. Come on! We have to keep that business afloat. But let’s face it: we all know that invoicing can be a real pain in the neck. In this article, we will explore some of the best options on the 2024 market, helping you find that…

How to Write a Receipt

How to Write a Receipt of Payment

Receipts have been at the heart of commerce since ancient Mesopotamia. And as is often the case, the more things change, the more they stay the same. From clay tablets to pen and paper to PDF attachments – receipts remain a must-have for businesses of all sizes. In this article, we’ll cover everything you need…

How Do Business Loans Work

Everything You Need to Know About Business Loans

Business loans are crucial across all business stages—from startups and SMBs to established enterprises. According to the Forbes Advisory survey, business loans were the most common funding method for businesses in 2023. The survey also shed light on the primary uses of these funds: 42.4% of businesses invested in expansion 29.4% in equipment And 28.4%…

Financial projections illustrative graphs

Financial Projections: Expert Insights & Know-How

Financial projections are important for every type of business. But they can be somewhat daunting and difficult to get right, as you are trying to predict the future growth of your business while also attempting to anticipate your expenditure over a given period in the future. However, making realistic projections can be easy when you…

Business Finance

What is Business Finance & How to Manage it Efficiently in 2024

How does business finance shape the growth and success of a company? Business finance is the lifeblood of any enterprise, shaping its growth, stability, and overall success. It encompasses the set of activities that help you figure out how much money you need, where to get it, and how to use it wisely to make…

business payments, cash flow, business growth

What Are B2B Payments: Methods and Trends

As a small business owner operating in the B2B market, you understand the significance of the B2B payment procedure. However, the process is brimmed with obstacles, ranging from accurately matching invoices with payments to getting payments on schedule. How do you choose the best payment method that fits your business model? How do you preserve…

payments, partial payments, invoices

How To Handle Partial Payments On Invoices?

Is your business struggling with inconsistent cash flow from partial invoice payments? Delayed invoices restrict the funds available to a business. The longer it takes to receive payment on an invoice, the more time companies devote to collecting payments, leaving less time for activities that could drive business expansion. This prevalent problem affects financial stability…

analysis, computer, spend analysis

Procurement Spend Analysis: Everything you need to know

The first step for businesses looking to manage their spending is to understand where every dollar is going. You can’t control cashflow if you do not have visibility over all direct and indirect spending—which can be especially tricky in growing companies. Spend analysis is the process of organizing and reporting on corporate spending. This article…

Invoicing vs. Billing: What’s the Difference?

Managing your finances efficiently as a business owner requires systems and processes, like setting strategic goals and using the right business tools. That’s where invoicing and billing come in. By knowing the differences and following best practices, you can set up workflows that help you stay on top of your payables, receivables, and profit margins.…

What is invoice processing

What is Invoice Processing: Definition, Helpful Tips in 2024

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…

11 Best FreshBooks Alternatives for Small Businesses in 2024

FreshBooks is a great software suite for many small businesses, but it’s not a one-size-fits-all solution. Some small business owners need more flexibility or different features than FreshBooks offers, and this is why it’s important to shop around and look at all of the alternatives. There could be a better fit for invoicing or accounting…

Financial Forecast vs Projections: What’s the Difference?

Financial terminology can easily confuse anyone. In a field that requires precision, the last thing you want or need is confusion, especially when it comes to business. For this reason, we have provided a guide to financial forecasting terminology. Understanding how to analyze and chart your company’s future performance represents an integral part of financial…

Saas billing

What is SaaS Billing: Everything you need to know

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.…

Invoice on the go

Invoice on the Go: Everything you need to know

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…

Best Invoice Simple Alternatives

February 23, 2024

Best 10 Invoice Simple Alternatives in 2024

Looking for the best Invoice Simple Alternatives? We’ve reviewed the top 10 best invoicing software that are the ideal alternatives to Invoice Simple. To give you more detail about each platform we’ve included their best features and pricing plans. If you’re wondering why you may need an invoicing system we’ve provided a short section on…

Set Up a Consulting Invoice Template

February 20, 2024

How to Set Up a Consulting Invoice Template in 2024

Tracking your billable hours and invoicing clients for your time is one part of your consulting business you want to stay on top of to keep your business profitable. It’s essential that you carefully record the time you spend working on your different projects and invoicing your clients regularly to ensure they pay you. A…

Profit and loss template

February 9, 2024

Streamline Income Statements: Free Profit and Loss Template

Your income statement is one of the most important financial documents your business needs to provide. But what is it, and how can you make creating this document easier for yourself and your business? Here we take a look at everything you need to know about your profit loss statement, and offer you the chance…

Credit Policies for Small Businesses

February 7, 2024

Understanding Credit Policies for Small Businesses

Managing the financial sustainability of your entity comes with a bunch of responsibilities including having credit policies for small businesses in place. To ensure your company is growing, you have to keep a close eye on your cash flow at all times. Issuing invoices is easy enough but checking that payments are done on time…

Buying a Small Business

February 6, 2024

Small Business Buying Guide: Meet Buyer Needs & Speed Up Sales

If you’re considering taking over the business by buying it outright, there are certain key elements you need to know about. What important factors go into buying a business and how do you make sure your potential business ticks all of your boxes? Are there any special requirements you have to consider? We’ll outline all of…

what is Accounting Equation

February 1, 2024

What Is the Accounting Equation? Everything you need to know

The accounting equation is one of the most fundamental concepts in accounting. It expresses the relationship between a company’s assets, liabilities, and equity. This post will explain the accounting equation, how it works, and why it’s crucial for accountants and business owners. We’ll also explore some of the applications and limitations of the accounting equation…

Return on Revenue

January 31, 2024

What Is Return on Revenue: A Simple Explanation

Running a business is no walk in the park. To make it big, you have to juggle a lot of tasks at once. It’s not just about mastering your industry and products; you also have to be savvy with your finances, including working with invoicing software. One critical factor that can make or break your…

What is cash flow

January 22, 2024

What is Cash Flow? Calculation Methods and Real-World Examples

Whether you are just starting a business or trying to keep one afloat, the answer to “What is cash flow?” is critical to boosting your company. Why? Cash flow (CF) affects every aspect of your business, from paying employees to investing in growth. When you understand what it is, you can make sure your cash…

Invoicing software features

December 8, 2023

10 Essential Invoicing Software Features You Need

Invoicing software transforms how small businesses handle billing and payments. Gone are the days of manually writing and mailing invoices—a process fraught with errors and time-consuming tasks. Modern invoicing software empower these businesses to effortlessly create, send, and manage invoices with just a few clicks. It’s not merely about generating invoices; it encompasses tracking payments,…

top Freelance jobs

November 29, 2023

Top 10 High-Demand Freelance Jobs in 2023: Market Trends

Looking to join the freelance market and become an independent contractor? Today, we’ve created a helpful guide to help you focus your intentions, so you can craft a plan in line with your values, strengths, and goals. Ready to get started? Let’s take a look at some important tips for freelancers along with nine of…

November 27, 2023

9 Financial risks of small businesses in 2023

Are you prepared for the financial challenges 2023 may bring to your small business? According to Forbes, The US alone has over 33 million small businesses. Out of these, more than 80% have a single employee. Individually, small businesses only impact the economy a little. However, when you consider them collectively, it entirely changes the…

Outsourcing invoicing

Outsourcing Invoicing: A Game Changer for Business Efficiency

No matter what industry they find themselves in, every business must accept one truth. Time is money. That’s why it makes sense to examine your processes and figure out where you can trim away some excess time and energy. Invoicing is an area that’s vital to your financial health, which is why so many businesses try to…

HOW TO CREATE A SUCCESSFUL STARTUP

Creating a Business from Scratch: A 25-Step Guide to Startup Success

Do you belong among those, who want to try something different, try something of their own? A successful business is no easy task and to kick off your own startup as a first step can be daunting indeed. We have prepared a few steps, in which we will guide you through the many aspects of…

Steps to prosperity during a crisis

8 Steps To Thriving as an SMB Even in a Crisis

As a business owner, it’s essential to understand that crises are a natural part of running a business. No matter how much you plan and prepare, something will always go wrong. And at that point, how much damage the issue causes is all up to your strategies and processes. Whether it’s a natural disaster, an economic…

Crisis

5 Tips for Scaling Your Small Business During the Recession

Many experts have stated that 2023 will bring significant economic difficulties. Among them is Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who believes the recession will touch a third of the world. The first months of 2023 showed that these assumptions have become true, and now the world economy faces hard times. However,…

Financial data analytics for SMBs

January 14, 2023

Financial Data Analytics for Small Businesses

Did you know that not using financial data analytics correctly can cost a company 1% in revenue per decision? Over time this can have a major negative impact on your business. That’s why SMB (small to medium business) owners should define, develop and apply finance analytics. With a proper team making financial decisions they can…

Billdu Petty cash and expense tracking

Petty cash: Why tracking cash expenses matters to your business

Whatever type of business you run, it makes sense to keep a small supply of cash in the office to deal with the little expenses every business incurs. Known as petty cash, this small fund is often more essential for the smooth running of your business than you might think. However, these cash expenses can…

Billdu Profitability ratios measurement formulas

Profitability Ratios: How to calculate the health of your business

How healthy is your business? What does a healthy business even look like? These are questions which all small business owners need to ask themselves in order to remain competitive. Profitability ratios are some of the most important metrics you can use to assess the health of your business in comparison to your competitors. Here…