Electronic invoicing or e-invoicing is widely getting acceptance across industries because of a number of reasons. From saving cost and time to its eco-friendly features are behind its prevalent use that is growing rapidly. Electronic invoicing automates the complete billing process, bringing in several types of operational benefits for a business. It reduces costs and helps in improving the overall business efficiency. The use of an electronic invoice system is also important from an environmental perspective. A paper-based invoice system may consume significant amount of paper annually in any organization. By implementing an e-invoice system, we can save thousands of trees every year. Read More
Tracking expenses could be really important for you, if you bill your clients on the basis of the total expenses incurred in order to complete a project. From a consulting company to an individual consultant, online expense tracking often becomes a necessary requirement to calculate the total project cost and raise an invoice to receive payment from clients.
So, you need to track expenses efficiently without committing any error. However, calculating all expenses manually may prove a cumbersome and tiresome task. And at the same time, you may fail to include all labor costs and that may result in losses. Manual expense tracking could be a time-consuming and error-prone process and you can hardly rely on it when you don’t want to delay the billing and payment process. Read More
Purchase of one organization is the sale for another. A single transaction is recorded differently in general records of two different companies. Accounts payable is recorded as the AP record for approved invoice for transactions in which the company has to pay money to service provider or vendors for purchase of goods. Accounts Receivables or AR, on the other hand are the records of money that a company owes as cost of any service. On the balance sheet of a company, the accounts payable are managed as recorded liabilities and the receivables are recorded as the assets owed by customers.
As Supply Chain Management is becoming more and more market driven, SCM software developers are developing strategies and systems to cater to this dynamic paradigm shift in the market. The new supply chain management systems are slated to become more strategic, adaptive and competitive in nature. Moreover, supply chain management software market continues to be the driving force behind businesses achieving their goals and sales objectives. In fact, in the year 2013, the SCM software market saw a tremendous spike of about 7.3% and saw an overall growth to $8.9 billion.
Every B2B purchase transaction begins with a Purchase Order. In general, Purchase Orders tend to be standard for a business organization across its various business transactions. Computerization and IT has made Purchase Order creation a simple task as there are a host of software that can generate different types of Purchase Orders and in formats including digital. However the choice of the format depends on the business requirements involved in the trade.
A wise man once said, “If Plan-A doesn’t work, the alphabet has 25 more letters! Stay cool.” If you aren’t able to make enough money from your day job, then one of the best options for you is to start a part-time business. Initiating a part-time business is a profitable business and the potential return on investment and total income is as rewarding as a full-time entrepreneurship. It may lead to the reduction of numerous financial risks that are associated with capitalism along with the constant generation of income and simultaneous gains from your full time job.
It happens quite often that many small scale enterprises simply focus on generating only direct revenue even to the extent of neglecting the proactive management of the business expenses. They fail to realize that eventually, only the gross profits are significant which are calculated after deducting the expenses from the revenue generated. Now, if the small businesses focus themselves on managing their expenses well, they can easily increase their sum of profits. Expense management is an extremely important strategy and must be worked upon with complete dedication.
Everything in life is not permanent. Sooner or later, everything seems to fade away. Same is the case with your customer base. Every customer, at some point or the other, seems to make attempts for saving their hard-earned money. For this, they may act choosy or fickle and for this, they might even end up leaving your company. They make the necessary efforts to save their money as much as you making efforts to earn. Both of these factors are indirectly related to each other, so you must create a healthy balance between the two factors in order to build a happy and satisfied customer-base.
America’s anniversary celebrations are always loaded with fireworks, road trips and barbecues being the highlight of the day. It is a good day to celebrate and go shopping, there are striking discounts on the products. Invoicera will also not let its customers down. Invoicera celebrates the 236th Independence Day of the Unites States in style by offering a straight 20% discount on all new sign-ups and upgraded plans. Discount will be applicable on all the three packages we offer– Classic, Business and Infinite.
In order to successfully run a web design agency or be successful as a freelancer, one needs to focus on three major things – quality of work, customer satisfaction and proper invoice management. Many designing experts feel uninclined towards the financial aspects of a business; however, it is highly crucial that one handles it with accuracy and meticulousness. One of the major aspects of the financial side of a business is appropriate invoicing of the work for the clients.