As a solopreneur, one of the first hurdles to overcome is how to go about setting out an invoice for businesses you work for. Freelancers worldwide cite invoicing and chasing payments as being the most time-consuming and frustrating part of their career. This article will help you get it right the first time and ensure … Continued
Invoices are an essential part of any business. Not only do they allow for the payment of goods and services that you offer, but they’re also an essential part of working out your payment of tax to the government. However, although every shipment you provide needs an invoice, when do you give an invoice and … Continued
As a business, you will be dealing with many clients and suppliers during the course of your day. This means you will be sending and receiving invoices from people you know well, and new clients that you have never worked with before. To understand how to use which invoice needs to be used for each … Continued
Running a business is just as much about efficient administration and robust financial procedures as the product behind the business itself. Without either of these two things, the business is prone to fail due to ineffectiveness and ineptitude behind much of its day to day activities. Robust financial procedures are imperative to ensure that you … Continued
Different companies have different ways of running their finances. One of the ways that can vary is how firms send out invoices and bill clients. Some will do so through a traditional invoice, while others will do so through a simplified invoice. However, what is a simplified invoice and what are the advantages and disadvantages … Continued
All VAT-registered businesses within the EU are obliged by law to charge VAT on their invoices. These invoices establish the supplier’s VAT liability as well as the customer’s entitlement to deductions for the VAT charged. Accurate representation of this part of the transaction is vital to avoid penalties for both parties. Normally, the supplier collects … Continued
Depending on the type of business you run, you may regularly provide your customers with quotations, invoices, delivery notes, receipts, and other such documents. While quotations and delivery notes are somewhat straightforward, invoices are an entirely different beast. A typical invoice records and itemizes a transaction between a buyer and a seller. If the products … Continued
One of the most important things when running a business is getting paid — and to get paid, you need to be able to create invoices correctly. While many business owners find the paperwork side of running a company tedious and time consuming, it’s crucial to get this right. So what do you need on … Continued
Invoicing is a critical part of running a business. Once upon a time, this was all done with paper and pen by hand, meaning business owners needed to spend a large amount of time putting together the right paperwork so they could get paid. Luckily, we now live in a more electronic age where you … Continued
If you’re working as a contractor, you will likely incur expenses as part of your travel. This could be the cost for fuel, buying tickets, or fares for taxis. These expenses are separate from tax and VAT, so they’re treated differently. Here is how you can invoice for travel expenses in the right way so … Continued
