Mastering the art of invoicing is more than just sending out bills — it’s the backbone of your small business. Without smooth cash flow and accurate financial records, everything falls apart faster than you can say “accounts payable.” By understanding the most common types of invoices, you...
Knowing the 6 types of assets—current, non-current, tangible, intangible, operating, and non-operating—helps you list them correctly on your balance sheet.
A proforma invoice is a preparatory bill sent before work is finished. It details the payment just like the standard invoice would, but it’s not the official demand for cash. It only serves as an estimate of a sale, so the client can get an idea of how much the products and services...
An equity investment in a small business can result in the biggest gains, but it comes hand in hand with the most risk. If expenses run higher than sales, part of the losses get assigned to investors. If it turned into a bad quarter or year, the company might fail or go bankrupt. Ho...
Agility and flexibility are important for any small business where a few people have to be responsible for a wider range of solutions. Agile co-workers aren’t afraid of additional tasks even if they’re not keen on them perfectly. However, their efforts can be counterproductive that require ...
Operating expenses, or OpEx for short, are the ongoing expenses a business incurs from its day-to-day operations. They’re the costs of keeping the lights on and the business running — such as rent, salaries, utilities, and marketing. Whether you’re a tech giant or a local bakery, ...
Interim invoices are partial invoices that contain only a portion of the final invoice's fee to help fund the project and cover the operational expenses. Interim invoices are also used for larger, more expensive projects because the total amount can be broken down into smaller invoices to make ...
From small practitioners to multi-centers hospitals, it can be used by all to automate various tasks of their administrative functions. 3. Patient Portal The patient portal is a platform designed for patients to access their health data. They can evenbook appointmentswith their doctors using the ...
Pros: Separate potential expenses for your personal and commercial vehicles Cons: Can be costly depending on the type of vehicle, what the vehicle is being used for, and the owner’s driving record Average cost: $167/month4 Eligibility: Applicable for any business that owns and uses vehic...
of expense that a company incurs during its normal day-to-day operations. Whether it's a large corporation or a small, family-run enterprise, managers often look for ways to reduce theiroperating expenses (OPEXs). That's because higher costs eat away at a business's profits or bottom ...