Business credit cards are used by businesses rather than an individual. They can be used for business expenses, with some cards offering extra benefits such as cashback and travel insurance. Furthermore, they can help build a credit profile or manage employee expenses. Who can get one Businesses of all sizes can get a business credit …
Business credit cards: What you need to know before getting one Read More »
Accounts payable (AP) are amounts owed to vendors or suppliers for products or services not yet paid for. The total of all outstanding amounts owed to vendors is the accounts payable balance on the company’s balance sheet. The cash flow statement shows the increase or decrease in total AP from the previous period. To improve …
Accounts payable: 5 Errors you must know and avoid Read More »
When it comes to direct debit vs standing order, both are automatic payment methods but have some important differences. Standing Orders A standing order is an automated payment system that a consumer can set up through their bank. Fixed amounts can be sent to other people, organisations, or bank accounts regularly. A standing order can …
Direct debit vs standing order: What’s best for you Read More »
Accounts payable (AP) is a process that entails the handling of a business’s finances and can be seen as a direct counterpart to accounts receivable. It simply refers to the invoices or accounts that a business needs to pay money into. How could you use it, and how do you avoid making errors or mistakes? …
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Accounts receivable sounds like a complex term, but is simple to understand. Most businesses can take advantage of this as a way to broaden their customer base. What exactly does accounts receivable mean, however, and why is it useful? What accounts receivable means Accounts receivable is when a business has provided goods or services to …
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Invoices are legal documents that all small businesses must make and keep a record of. They are used to charge for goods and services professionally and in a standardised way. Why, however, might a business that can use invoices happily, need a receipt book paired with them? What exactly is the benefit of using both? …
Receipt Books And Invoices – The Small Businesses Full Guide Read More »
Invoicing can be a complex process. While you may know the basic requirements, there’s a chance you’re not taking advantage of the different types of invoices. We’ve covered some of the less-known invoice types, to help your get the most out of invoicing. The benefits of using different invoice types Appearing professional Even if a …
There are four types of purchase orders that businesses can choose from. In this post, we’ll go through each type and when to use them. Purchase orders help businesses to keep track of what they’ve purchased, making them a critical part of record keeping. In addition, they keep track of cash flow, by providing an …
Types of purchase Orders: How To Choose The Best One For You Read More »
Cash flow is the amount of money that comes in and out of a business and can be positive or negative. Positive cash flow is when more money enters than leaves. Negative cash flow means that more money is leaving rather than coming in. Effective cash flow management is critical to the success of your …
Managing your cash flow: Everything you need to know Read More »
Invoice numbers are a legal requirement for every invoice a business sends. They allow for easy accounting and sorting that cannot be overlooked. But do invoice numbers have to be sequential or are stand-alone invoice numbers ok is a question that bothers many. Furthermore, are they hidden benefits to using sequential invoice numbers? Read on …
Invoice Numbers UK: Should They Be Unique Full Guide Read More »
