Category Invoicing

What is a proforma invoice?

A proforma invoice is a preliminary bill of sale that you send to your client before the work has been completed. You can see it as a commitment to goods or services that are yet to be delivered. It should…

7 ways to get your invoices paid faster

As a small business owner, you rely on your clients paying you for your services. It’s also likely that you don’t have the cash flow for them to be paying you late. Late payments create work for you and make…

What does FOB mean on an invoice?

FOB stands for Free On Board or Freight On Board when part of an invoice. It refers to the moment where a business that is shipping products is no longer responsible for the items. FOB agreements are often a part…

When to send an invoice

Invoices are generally sent once a company has completed an order for a client. This is usually the standard for both products and services. In the case of a product, the invoice would be issued after delivery. For services, it…

What is invoice reconciliation?

Invoice Reconciliation is the process of matching incoming and outgoing invoices to your bank statements. The process helps businesses and their accountants stay organised and ensure that all book entries are matched. Invoice reconciliation requires two sets of records and…

What are the different types of invoices?

Invoices are one of the most important business documents for small business owners. Sending an invoice to your client is essentially the first part of the payment process. There are many different types of invoices that fit the different needs…

How to make an invoice

To make an invoice, you need all the information relevant to the payment the invoice is for. This includes your business details, the client’s business details, an outline of the services, their associated costs and the terms of the payment.…

What is an invoice?

In every business transaction, there is a buyer and seller. The seller provides goods or services to the buyer for a fee. In reverse, the buyer provides money for the seller’s goods or services. It’s this transaction that brings up…