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Whether you’re a startup or been operating for many years, you know that managing small business finances is essential if you want to keep your business growing. And, yet this is the one area many small businesses struggle to maintain. However, handling your small business finances can be done efficiently once you put your mind…
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Online invoicing technology is rapidly changing the way businesses manage their invoices. More companies are taking advantage of this technology and using an automated invoice processing platform to simplify administration tasks. Proper cash flow management is key to the survival of any business and invoicing plays a big role in the accounting cycle. For both…
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Did you know that 82% of small business owners fail because of inconsistent cash flow? Some small business owners struggle with other financial issues such as debt repayment, lack of funding, and emergency expenditures.Running a small business can feel like running a small country because there are many factors you have to consider in order…
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Are you wondering which is the best invoicing software for contractors? Why choose software to perform this basic accounting task when you’ve been doing manual invoices since day one of your business? What exactly can invoice software do for your business as a contractor? Figuring out if moving your invoices online is a smart move…
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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…
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With more and more companies relying less on location and more on working remotely, E-invoicing adoption is booming. By adopting an E-invoicing policy, you can make your business run more efficiently and be more reliable and flexible for your customers. If you are wondering why adopting E-invoicing is crucial in 2021, the answer is simple.…
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One of the most important means through which governments worldwide support small businesses come through targeted tax breaks and credits. Governments can offer a cornucopia of various small business boosts through taxes and credits. Some of the small business tax deductions help small businesses across the board while others target certain sectors determined to be…
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Why are mobile invoicing apps so popular now? What makes companies switch to mobile invoicing? Which mobile invoicing apps are the best? Read on to find out. Times change. What once worked perfectly no longer suffices in today’s rapidly evolving digital age. Even if time and technological advances have not yet convinced a company to…
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Many people considering starting a one person business know the daunting task that is ahead of them, but they believe the risk is worth the reward. How do you get your business off the ground, and how do you attract the big clients you need to grow? Showing your prospective customers that you can deliver…
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Contractors and many self-employed people give job estimates to potential clients to detail their prices. This helps the client decide whether or not they can afford the workers’ rate for the project they have in mind. But what is an estimate, and how do you write one? We’ll outline all of this information for you…
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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…
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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…
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