What is Prorated Billing, and How Does It Work? A Comprehensive Guide

Generally Accepted Accounting Principles (GAAP), also known as US GAAP, refer to a collection of meticulously outlined accounting rules and standards essential for US-based businesses. The oversight of these guidelines falls under the purview of

Recurring billing is a powerful tool for businesses looking to offer subscription-based services or products. With PayPal, setting up this payment model is streamlined, enabling organizations to collect fees automatically at predetermined intervals. But just

Recurring billing is everywhere; it’s becoming an influential model for businesses across a variety of industries. This growing trend not only simplifies the payment process for both the provider and the customer but also builds

The landscape of consumer products and services has seen a significant change in the last decade, evolving from one-time purchases to a subscription-based economy. This shift towards recurring revenue models is apparent across various industries,

“Never lose a customer.” At first glance, it seems like an unattainable promise. After all, in the world of subscription businesses, a 0% churn rate appears to be a pipe dream. Even in the best-case

Handling sensitive data, staying compliant, and maintaining robust security measures are paramount considerations for a payment gateway in the digital age. The landscape of global commerce has been transformed by technological advancements, offering new opportunities

In this digital age we live in today, a staggering number of entrepreneurs are diving headfirst into the market, launching innovative businesses with high hopes and spirited aspirations. However, amid the hustle of establishing their

In the rapidly evolving world of digital commerce, app makers are increasingly recognizing the value of integrating their own payment portal. Taking control of the payment process extends far beyond mere transactional benefits; it paves

The concept of ownership is undergoing a transformation. In the ever-evolving landscape of consumerism, subscriptions are emerging as a preferred alternative model to traditional one-time purchases in the future. This shift is altering how we

In the intricate web of business transactions, an increasingly common and harmful thread is woven— fake invoices. As the name hints, a fake invoice is a fraudulent bill, unsanctioned by legal frameworks, and often called

In recent years, the rise of the digital economy has sparked a shift in business models, with businesses increasingly adopting subscription-based models. The subscription model, predicated on providing continuous value in exchange for regular payments,

In the dynamic landscape of modern commerce, subscription billing has emerged as an increasingly popular business model, providing a reliable and consistent revenue stream for companies across many industries. However, with this shift comes the

In today’s dynamic market, subscription-based business models are gaining momentum, offering a lucrative avenue for businesses to generate steady, recurring revenue. These models involve selling bundled products or services or offering discounts to entice consumers

Profit margins are critical indicators of a company’s financial health and operational efficiency. These metrics give invaluable insights into how well a company generates profit from its revenues after accounting for the costs associated with

In the era of digitalization, the realm of transactions has evolved significantly, paving the way for seamless financial exchanges without the physical exchange of money. Known collectively as digital transactions, these advancements have transformed commerce,

Shareholders’ Equity, in the simplest terms, is the net value of a company, calculated either by subtracting its total liabilities from its total assets or by adding issued share capital and retained earnings and then

Numerous terms, policies, and concepts are crucial in comprehending a company’s financial status in accounting. One such essential term is ‘Deferred Revenue.’ Also known as unearned revenue, deferred revenue refers to payments received in advance

In the realm of credit management, a ‘credit hold’ is a significant tool that enables businesses to manage their credit risk efficiently. This mechanism temporarily suspends or reduces a customer’s credit limit in instances of

As time has progressed, so too have the methods of financial transactions. From the barter system to coins and paper money to checks, credit cards, and digital transactions, the evolution of payment methodologies highlights an

In today’s interconnected world, the financial landscape continues to evolve at an unprecedented pace, with Alternative Payment Methods (APMs) playing a significant role in shaping global commerce. APMs, transcending traditional cash or credit card transactions,

In the ever-evolving business landscape, adaptability and innovation are no longer a luxury but a necessity. One such innovation is the concept of a ‘Subscription Service.’ A subscription service is a business model where customers

In the ever-evolving business landscape, revenue recognition holds a significant place. It’s a critical financial concept that determines the specific conditions under which income becomes realized as revenue. As companies shift towards subscription-based models, offering

The Order to Cash (O2C or OTC) process, often referred to as the customer journey or product lifecycle, is a critical component of any business operation. It traces the entire pathway from the moment a

Understanding how to project accounts receivable accurately is pivotal for every business organization.  Receivable refers to the outstanding debts owed to a company by its debtors. It is an aspect of a company’s balance sheet

Accounts receivable, often the largest current asset on a company’s balance sheet, represent money owed to the business by its customers for goods or services delivered or used but not yet paid for. A keen

Batch payment processing has revolutionized how businesses handle their accounts payable. This technology streamlines transactions by consolidating all authorized payments into a single transaction. This makes the payment reconciliation process more straightforward on the customer’s

In the ever-evolving business landscape, efficiency and automation are fundamental to maintaining competitiveness. One innovative solution that has significantly revolutionized the finance sector is the Electronic Invoice Presentment and Payment (EIPP) system. An EIPP is

Running a successful move out cleaning business not only depends on providing top-notch services but also hinges on the timely receipt of payments. Delayed payments can severely impact an enterprise’s financial health and sustainability. Specifically,

Dealing with a disputed invoice can become a significant roadblock in your business’s financial management process. Such disputes not only impact cash flow but can also strain client relationships. Fortunately, there are steps you can

In business, ensuring timely payments is critical to maintaining a healthy cash flow. One of the innovative solutions for this challenge is Invoice Chasing, a system that automates the process of tracking and obtaining payments

As the industry of financial transactions evolves, so do the systems that support it. One of the most recent and significant changes is the shift from a 6-digit to an 8-digit Bank Identification Number (BIN)

Customer attrition, a scenario dreaded by businesses, is an inevitable reality in today’s competitive market landscape. Retaining customers is equally, if not more, important as acquiring new ones. Financial and emotional investments made into each

Understanding and effectively managing your cash conversion cycle is pivotal to maintaining business health. This dynamic measures the time it takes for a company to convert resource inputs into cash flows. The shorter the cycle,

Every business, regardless of its size or industry, deals with the critical task of managing its Accounts Receivable (A/R). The efficiency of this process can directly influence your company’s financial health and reputation. Outsourcing accounts

With outstanding payments reaching astronomical figures in the trillions, the importance of effectively managing a delinquent invoice cannot be overstated. The business world is no stranger to the challenge of collecting overdue payments, an issue

Unlocking the power of efficient cash flow management often lies in understanding and effectively utilizing key financial metrics. One such essential metric is Days Sales Outstanding (DSO). This simple yet powerful indicator reveals how quickly

Understanding the importance and functionalities of a bill of lading is fundamental in the shipping and logistics industry. This legal document holds significant value as it outlines important details of the transported goods. Acting as

Subscription box businesses are revolutionizing eCommerce, offering consumers a convenient and personalized shopping experience. If you’re drawn to the idea of curating and delivering happiness in a box, you’ve landed in the right spot. So,

Choosing an appropriate payment gateway is crucial for any business operating online. It is the cornerstone of e-commerce, enabling businesses to accept electronic payments through various methods, including credit cards, bank transfers, and digital wallets.

Mastering the intricacies of revenue backlog is crucial for SaaS businesses seeking to optimize their financial performance and predictability. A fundamental concept, revenue backlog, refers to contracted revenue or bookings not yet recognized. This is

Accounting software solutions like Xero and QuickBooks have revolutionized how businesses handle their financial operations. These platforms offer impressive capabilities for managing transactions, expenses, and reconciliations. Despite their many similarities, there are also significant differences

The business landscape rapidly evolves, with flexible pricing models emerging as a key differentiator. The pay-as-you-go model has gained significant traction, allowing consumers to purchase services or products as needed rather than committing to a

E-commerce holds a compelling allure for today’s consumers, offering convenience and a broad spectrum of options at their fingertips. Yet, even as they navigate the exciting digital shopping landscape, customers often encounter a jarring disconnect

Credit card merchant account vs. payment gateway, understanding their differences can be confusing, particularly when setting up an online business. The two operate in separate ways and are essential elements in online transactions. While both

Adopting an optimal pricing strategy is critical to maximizing profits and sustaining business growth. Among the various pricing models available, the tiered pricing model has gained considerable popularity for its effectiveness and flexibility. This model,

As a forerunner in online payment solutions, PayPal has offered many small businesses a convenient and reliable way to manage transactions. The feature of PayPal Recurring Payments, in particular, has been an essential tool for

The eCommerce landscape is rapidly evolving, with innovation and adaptability becoming the cornerstones of a successful online business. By 2025, eCommerce is projected to constitute an impressive 24.5% of total global retail sales. To stay

Mastering the intricacies of SaaS accounting is no small feat. The shift in financial management from traditional methods to Cloud-based solutions has introduced a unique set of challenges and opportunities. That’s why it’s essential to

SaaS benchmarks serve as crucial performance indicators in the fast-paced and highly competitive cloud computing industry. They provide insightful, comparative data that allows SaaS companies to align their operational and financial efficiency with industry standards.

BARK, formerly known as BarkBox, has taken the world by storm with its innovative business model and unwavering commitment to delivering joy to dogs and their humans. Launched in 2012, BARK began as a monthly

Managing all your subscriptions can be daunting, especially when you’re subscribed to numerous services. With an array of streaming platforms, news subscriptions, and even fitness apps, it’s easy to lose track and overpay. However, by

Navigating the pathway to financial recovery often feels like traversing an obstacle course. Ensuring the smooth flow of revenue while maintaining an outstanding user experience adds another layer of complexity. However, with an informed approach

The key to the long-term success of any subscription-based business is to understand and accurately calculate Net Revenue Retention (NRR). With revenue streams directly tied to customer retention, it becomes imperative to comprehend how factors

Navigating the financial landscape as a small business owner can be daunting, especially when it comes to taxation. However, the key to optimizing your tax return lies in understanding the new tax deductions available to

Facing uncertain economic times, many entrepreneurs are searching for recession-proof businesses that not only withstand economic downturns but also prosper during periods of growth. The landscape of resilient industries is continuously evolving, making it essential

Unleashing the power of email marketing is just a few clicks away! It’s never been easier to create an engaging newsletter with Mailchimp. This platform offers many tools to help you connect with your audience,

PGP encryption, an acronym for Pretty Good Privacy, has been a cornerstone of digital communication security since its inception in 1991. As a go-to standard for email safety and data protection, PGP encryption provides an

Understanding and implementing the right billing models can be a decisive factor in the success of your SaaS business. A well-selected billing system can be the backbone of your business operations, from enhancing customer satisfaction

As the digital sphere continues to evolve, businesses are pivoting towards subscription models, a trend that has seen an impressive growth of over 435% in less than a decade. This rising popularity is not without

Understanding the intricacies of credit card processing, particularly the mechanisms of Authorize and Capture, is crucial for merchants aiming to optimize their business operations. These two processes form the backbone of payment card transactions and

Ensuring secure, smooth, and reliable online transactions is paramount in the rapidly evolving digital economy. That’s where a hosted payment page (HPP) comes into play, acting as the unsung hero of e-commerce. These third-party checkout

Managing a large customer base with recurring payments can seem daunting whether you’re a fledgling startup or a seasoned multinational corporation. Enter the recurring payment processor—the unacknowledged face of subscription businesses. With recurring payment processors,

In the dynamic landscape of business transactions, Cash on Delivery (COD) remains a prevalent method, particularly among emerging businesses. COD can offer opportunities and challenges, acting as a double-edged sword, particularly for new enterprises lacking

With the evolution of financial technology, the traditional, cumbersome task of reconciling bank statements with accounting records has been revolutionized. Automated bank reconciliation offers a seamless, efficient, and error-free approach to match transactions across different

Understanding Level 1 PCI Compliance is crucial for any organization that handles card payment transactions. This data security standard, set forth by the Payment Card Industry Data Security Standard Council (PCI SSC), is designed to

In the field of debt collection, an effective communication strategy is fundamental to making the workflow more efficient and consistent. This job relies heavily on the use of a well-prepared collection call script. Debt collection

In today’s rapidly evolving business landscape, efficient Business-to-Business (B2B) collections are a cornerstone of operational success. A well-orchestrated collections process ensures a healthy cash flow and nurtures long-lasting relationships with clients. However, mastering B2B collections

Struggling with a short-paid invoice? You’re not alone. It’s an unpleasant reality many businesses grapple with, often leading to a chaotic accounts receivable process. But the good news is that there are practical ways to

In the digital transformation era, businesses are constantly seeking methods to streamline their processes, enhance productivity, and reduce human error. One such method that has been widely adopted is Electronic Data Interchange (EDI) invoicing. EDI

Account receivable negative is a serious financial issue that can have far-reaching effects on a business. It occurs when a company’s accounts receivable balance is lower than its total liabilities, meaning the company owes more

As a business owner, understanding your company’s financial health is essential for success. One key metric to measure this is liquidity ratios, which provide insight into whether or not a company has enough current assets

Accurate and efficient bookkeeping is essential for any business, and understanding the difference between temporary vs permanent accounts can help you improve your accounting operations. Temporary accounts track income or expenses that occur in a

Getting free trials without a credit card can be tricky. Many companies require you to enter your credit card information to take advantage of their free trial offers, making it difficult for those who don’t

As the subscription-based business model has become increasingly popular, understanding Annual Recurring Revenue (ARR) is essential for gauging success. ARR is an important metric that helps businesses measure and predict how much recurring revenue they

Venmo is a popular payment platform designed for fast and secure transactions between friends. However, it can also receive customer payments for goods or services rendered. While Venmo does not explicitly allow this unless authorized

Streamlining payment processes can help businesses increase their efficiency and maximize revenue. By simplifying the process of collecting payments, businesses can reduce customer churn, build trust with customers, and ultimately drive more sales. This article

As a SaaS company, you’re likely already familiar with subscription management and how it can help bring in more cash consistently and increase customer satisfaction. But understanding the basics of setting up an effective subscription

Cash flow is a critical factor for any business, and understanding the differences between levered and unlevered free cash flow can help you make better decisions when it comes to managing your company’s finances. Levered

Consultants have the specialized skills and knowledge to help their clients reach their goals. But invoicing for these services can be complex due to the different levels of service each client requires. To simplify this

Creating a lean business plan is essential for any entrepreneur or business owner looking to get their venture off the ground. A lean business plan serves as a roadmap that outlines your company’s goals, objectives,

In today’s business climate, the ability to create and communicate informational reports is an essential skill. An informational report provides valuable insight into the status of a company or project, giving stakeholders an understanding of

As a freight specialist, you must ensure that goods are shipped from their origin to their final destination safely and on time. However, administrative tasks such as creating invoices can take up valuable energy and

When it comes to deciding how to price your services, there are two main options: flat rate vs hourly rate. Each of these pricing models has advantages and disadvantages, so it’s essential to understand which

eCash is an electronic form of currency that has been growing in popularity over the past few years. It offers users a convenient way to make purchases, store their money securely, and transfer funds safely

Are you a professional who charges for services based on the hour? If so, creating an hourly invoice is essential for keeping track of your billable hours. But with all the administrative tasks that come

Knowing and understanding various invoice payment terms are essential to running a successful business. They provide clarity for the vendor and the customer, allowing them to easily understand how much money is owed and when

Are you looking for effective ways to increase sales? If so, you’re in the right place! It may not seem simple, but with the right guidance and tips, you can succeed. Increasing sales is an

Are you a woman looking to start and run your own business? You may have heard about the advantages to register as a woman-owned business. Doing so can open up access to government contracts and

Advertising is a powerful tool businesses use to promote their products or services. It’s an essential part of any company’s marketing strategy and can be used in various ways, from TV commercials to digital campaigns.

Are you a contractor looking for an easy and efficient way to create invoices for your construction business? If so, then creating and using a construction invoice template is the perfect solution. This simple tool

Do you need to create a professional invoice quickly but don’t have access to a computer? No problem! With your iPhone, you can generate invoices in no time. Making an invoice on your Apple phone

When it comes to pricing out a project or service, small businesses often use quotes and estimates as tools for communication. They are both used when standard prices cannot be provided due to varying time

Creating an estimate template can be daunting for freelancers and independent contractors. It is essential to provide potential clients with accurate estimates to give them an idea of how much they will need to pay

As a freelancer, it can be difficult to maintain your professional boundaries with clients. With so many demands on your time and attention, it’s easy to become overwhelmed. That’s why it’s essential to set clear

Are you an expert in your field looking to break away from the traditional 9-to-5 job? Becoming a freelance consultant could be the perfect career path for you. Freelance consultants are independent experts who advise

Wedding businesses are booming, with couples spending an average of $27,000 on their special day. If you’re looking for a way to get involved and make money from the wedding industry, then there’s no better

Are you an eco-minded entrepreneur looking to make a positive impact while making money? If so, this article is for you! We’ve outlined 15 green business ideas that can help you save the planet and

Stripe allows businesses to accept digital payments quickly and securely. Stripe supports various payment methods, from credit cards to digital wallets. But how does Stripe work, and what makes it stand out from other digital

In today’s digital-centric world, consumers seek more convenient and efficient ways to manage their finances. This has led to the rise of fintech companies offering innovative solutions that traditional banks have been unable to provide.

No one should have to endure inappropriate comments in the workplace or from clients. Whether homophobic, sexist, or racist remarks, such language has no place in professional settings and can leave people feeling uncomfortable and

Invoicing is critical to running an auto repair shop. It’s the first step in getting paid, so it needs to be done correctly. The good news is that with modern technology, creating and sending out

Unreimbursed business expenses can be a major burden for employees and employers, as they leave the employee without compensation for necessary costs incurred in the workplace. For this reason, it’s essential to understand what qualifies

Creating an itemized receipt template may seem like a daunting task, but it doesn’t have to be. With the right steps and information, you can create a professional and comprehensive itemized receipt template to make

Are you looking for a way to quickly and securely transfer money from your PayPal account to your bank account? Look no further than PayPal Instant Transfer! PayPal has become a popular and convenient method

Are you looking for ways to show your customers how much you appreciate their business? Get To Know Your Customers Day is the perfect opportunity for you to do just that! Celebrated on the third

Creating an international commercial invoice template is crucial for any business making international shipments. Without it, the shipment may be subject to delays or even denied by customs agents. Ensuring that all the necessary details

Creating payment receipts is an essential part of any business, and having a template to work from can make the process much easier. A payment receipt template helps you quickly generate accurate and professional-looking customer

Are you looking for the best freelance jobs in 2023 and beyond? If so, you’re not alone. Freelancing is on the rise, with more people than ever taking advantage of its flexibility and potential to

Are you looking for the perfect gifts to show appreciation for graphic designers? Shopping for creative people can be tricky, as they tend to have specific interests and tastes. But don’t worry! We’ve covered you

When it comes to the contracting industry, there’s often confusion surrounding who does what specific projects. Should you hire a general contractor or opt for an artisan? What makes up an artisan contractor, and what

Estimating a construction job is no easy task. As a general contractor, you must accurately assess the scope of work, materials required, and labor costs in order to provide your client with an accurate estimate.

Are you considering taking on the role of general contractor for your next home project? Being a successful DIY general contractor can save you thousands in construction costs, but it’s not without challenges. Planning, coordinating,

Becoming a general contractor is an exciting career path that offers the potential for job security and financial success. However, in many states, getting a license to become a general contractor often requires proof of

Navigating the world of daycare can be daunting for any new parent. With so many options, knowing which is right for your child and family is hard. One important question that parents often have is

Starting and running a daycare business is an exciting and rewarding venture; however, it requires careful and thorough planning and research to ensure success. Before you launch your daycare business, you must ask the right

Do you have a passion for children and a desire to be your own boss? It could be the perfect opportunity to start a home daycare in 2023. With more families seeking infant and toddler

Are you thinking of starting a daycare business in 2023? If so, one of the most important questions you’ll need to answer is, “How much should I charge for my services?” Pricing for daycare services

Starting a daycare business can be an incredibly rewarding experience, but it also requires you to have the proper licensing to operate legally. Before you begin running your daycare facility, you must understand the requirements

Parents want nothing but the best for their children. Therefore, taking all necessary precautions when selecting a daycare program and knowing how to look up daycare violations is essential. Although it may seem daunting, researching

Are you someone who wants to give your pup the best care? Do you feel like it’s a passion of yours that you decided to open a doggy daycare of your own? However, does it

Starting a private security company can be an exciting venture. With the right business plan, you could soon be providing valuable services to clients and running a successful business. But before you start your private

As a homeowner or someone who needs the services of a general contractor, it’s essential to know what rate they charge to ensure that you get the best value for your money. When hiring general

With the rise in crime and insecurity, many individuals seek a private security company to protect themselves. Private security companies protect unauthorized persons by offering cost-effective solutions tailored to fit any individual’s needs.  In 2023,

In the digital age, home security systems are increasingly important for keeping your family and property safe. However, with so many market options, finding a system that fits your needs can be challenging. That’s why

Starting a business is an exciting and overwhelming experience. With so many things to consider, ensuring you have the right people on your team who can help guide and support you is essential. An accountant

Tax season can be stressful for many individuals, especially those with complicated tax situations. If you’re considering hiring an accountant to help prepare your taxes, one of the factors you’ll want to consider is how

Fund accountants are essential to the financial industry, providing accounting services for investment portfolios. They are responsible for capturing and recording activities related to investments such as commodities, securities, or real estate held in a

Are you an individual or business looking for guidance regarding financial matters? If so, you may wonder about the difference between a Certified Public Accountant (CPA) vs a regular accountant. While both professionals are knowledgeable

A degree in account is a highly sought-after achievement. Many people aspire to become certified licensed accountants provide accounting services while earning a steady income. The demand for accountants got us thinking: how long does

Are you looking to become an accountant without a degree? Becoming an accountant is a great career choice, but how do you do it if you don’t have a degree? It may seem like the

Bookkeeping vs. accounting is two essential processes for any business. They both involve tracking, recording, and analyzing financial transactions to ensure your business remains profitable and compliant with legal regulations.  While bookkeeping and accounting serve

Are you looking for an accountant to help manage your business finances? Finding the right accountant can be challenging, but it doesn’t have to be. With these 10 tips, you can find the perfect accountant

Accountants are highly sought-after professionals in the US, and their salaries reflect this demand. But how much do accountants make across different states? In this article, we’ll look at accountant salaries by state in the

Do you want to break into accounting and become a certified accountant? Becoming an accountant is a great way to secure your financial future and open up many opportunities in the professional world. This guide

Luxury, exclusivity, and immaculate greens—are the hallmarks of the most prestigious country clubs and golf clubs around the world. As symbols of status and luxury, these clubs offer more than just a leisurely round of

Golf club memberships can be an excellent investment for golfers looking to access high-end courses, discounts on green fees, clubhouse amenities, and more. But how much is a golf club membership? And is it worth

Are you no longer getting the most out of your Audible subscription? Are you looking for an easy way to cancel your membership and stop paying for something that’s no longer providing value? If so,

Are you looking to cancel your recurring billing subscription for Nintendo Switch Online? This article will show you how to cancel your subscription on both your Switch console and the internet browser with ease. We’ll

Amazon Prime is a subscription service offered by Amazon that gives users access to a variety of benefits, such as free two-day shipping, streaming of movies and TV shows, exclusive deals and discounts, and more.

Are you looking to cancel your Patreon membership? If so, this article is for you. We will provide a quick guide on how to end your patronage with Patreon. We’ll cover how to cancel both

Are you looking to cancel your Crunchyroll membership? Most would assume that canceling a subscription service would be complicated, but it’s quite simple with the popular anime streaming platform. You only need to follow a

Gym membership contracts can be a great way to stay in shape and reach your health goals. But gym memberships come with their own set of legal considerations such as the gym membership contract law

As someone who runs a gym, it’s essential to understand that some prospective gym members may wonder if their membership is tax deductible. The good news is that, in some cases, you can deduct your

Sensory gym equipment is specially designed to help special children explore and make sense of the world around them. It has been proven to be an invaluable tool for sensory integration, helping kids with autism

Gym memberships can be a great way to stay active and healthy, but it’s essential to consider the different cheap gym memberships available before signing up. With so many options, it can seem overwhelming to

Starting a gym business can be a rewarding and lucrative endeavor, but how much do gym owners make? The answer depends on factors affecting the gym owner’s salary and potential earnings. It is possible to

The gym can be a great way to stay fit, but the membership cost can vary greatly depending on the type of facility and amenities offered. While it’s not always easy to compare gym membership

So you’ve just started a gym business, and you’re wondering where to buy the necessary equipment. After all, having the right gym equipment is essential for any gym. Lacking gym equipment or buying low-quality ones

Canceling a gym membership can be an intimidating and daunting task. With contracts varying from one establishment to another, how do you know how best to go about it? Fear not! This article provides a

Starting a gym business can be an incredibly rewarding and profitable endeavor. But it’s also a serious undertaking that requires careful planning, research, and dedication. To ensure success, you must understand how to properly start

Determining the average cost of a gym membership in 2024 is an essential step for anyone looking to invest in their physical health. With wellness and fitness gaining greater emphasis in people’s lives, understanding the

Are you a pet lover looking for an opportunity to turn your passion into a business? If so, starting a mobile dog grooming business could be the perfect fit. Mobile dog groomers offer convenience and

Starting a dog grooming business is a genius business move! Not only is it something you love to do as a dog lover, but you’re also tapping into a potentially in-demand market. Keep in mind

Are you considering becoming a pet care provider in 2023? If so, then knowing the current price of dog grooming services is essential. Dog grooming costs can vary depending on several factors. That’s why it’s

Are you thinking about starting a pet-sitting business? If so, one of the first questions you’ll need to answer is how much you should charge for your services. Pet sitting rates can vary depending on

Are you a dog lover who has dreamed of owning your own business? Starting a dog grooming business could be the perfect opportunity to turn that dream into reality. The pet industry is an ever-growing

Are you an animal lover? Do you have a knack for taking care of animals? If so, starting a pet-sitting business might be the perfect opportunity for you. With pet owners increasingly needing help caring

How to buy multiple rental properties? Investing in rental properties is a great way to increase your income and build serious amounts of wealth over time. It’s a lucrative opportunity for those willing to do

Are you in the real estate market for an investment property? If so, then you might want to consider real estate rentals. Purchasing real estate requires you to know about leasing, mortgage loans, landlord and

Renting out a property can be a lucrative way to make money, but it’s not as simple as just putting an ad up and waiting for the tenants to come knocking. In order to maximize

Are you a landlord struggling to get your tenants to pay rent on time? If so, you’re not alone. In fact, one of the biggest challenges landlords face is getting paid on time. But don’t

When most people think of Tenancy, they picture a single person renting a property from a landlord. However, another form of Tenancy is known as ‘Tenancy in Common (TIC),’ which is becoming increasingly popular among

When a landlord decides to sell their property, the tenants have certain rights that must be upheld. In this article, we will outline those rights and provide a guide to what tenants can expect during

How to find subcontractors as a general contractor? As a general contractor, finding subcontractors is essential to completing your construction project. No matter how complete your in-house team is, there will always be certain aspects

Becoming a general contractor can be a successful and rewarding career for those looking to run their own brand. But before you can hang your shingle, you’ll need to obtain a general contractor license in

Becoming a general contractor can be a very rewarding career, but it’s not easy. It takes years of dedication and hardwork to achieve success. But if you’re willing to put in the effort, This article

How to manage a law firm? Small law firms can pose unique challenges for attorneys who are not used to wearing many hats. In addition to providing legal services, they must also take on the

Can a Law Firm Own Another Business? Here’s What You Need To Know A law firm can own another business, but there are a few things you need to know before you venture down that

As a law firm, you likely understand the importance of invoices, the role they play in your business, and why they are not considered privileged under California law. You also understand the importance of maintaining

How do you market a law firm? It’s a question that many attorneys struggle with, as marketing a law firm can be difficult and time-consuming. But it’s important to remember that marketing is essential for

As a law firm, billing is one of the most important aspects of your business. Not only do you need to bill clients correctly and efficiently, but you also need to ensure that you’re getting

If you’re looking to start your own food truck business, you first need to create a business plan. This document is important for a few reasons: it helps you cover your bases, provides information about

Are you a passionate home cook with a few recipes up your sleeve that always get compliments? Maybe you’re the star during Christmas with all the scrumptious goodies you make for friends and family. Or,

Do you have a passion for cooking or baking? Are you always looking for new recipes to try out with your friends and family? If so, you can turn your love of food into a

If you’re reading this, you’re probably looking for ways to get clients for your cleaning business. That’s great! Starting or running a cleaning business can be exciting and scary—but the scariest yet essential is figuring

Are you looking for a business with reliable demand, low overhead, and few operating costs? If so, opting for a cleaning business may be the perfect choice for you! People will always need this service

As someone running a trucking company, you’re fully aware that time is of the essence when doing business. Your priority is ensuring goods are delivered on time and in excellent condition. After all, logistics is

Every industry needs trucking companies to deliver their products. That’s why starting a trucking business can be a lucrative opportunity. You can be your boss, make your schedule, and decide how many drivers you want

What is a better payment method: crypto vs credit cards? It’s a question that’s been asked for years. Of course, both have their pros and cons, but it can be tough to decide which is

In this day and age, with the rise of cryptocurrencies, small businesses need to accept payments in crypto. More and more people are using crypto every day, so it’s essential to be ahead of the

How to start a law practice with no money? Whether you’re a recent law school graduate or an experienced lawyer who’s been laid off, starting your law practice might be the best decision you’ll ever

Starting your law firm can be a daunting task. There are many things to think about – from the type of law you want to practice to setting up your office and dealing with staffing

Notice that when placing an order online, you must provide two addresses—your shipping address and your billing address. You might be wondering, what’s the difference between these two? In addition to the obvious answer (one

There are two main ways to go when pricing a subscription product or service: quantity-based pricing vs usage-based billing. Both have benefits and drawbacks, and it can be tough to decide which is right for

There are two main types of cell phone billing: prepaid and postpaid. Each has its own advantages and disadvantages depending on your lifestyle and needs. By understanding the difference between prepaid and postpaid billing, you

In the business world, we often hear different payment terms, one of which is prepaid billing. However, this billing system doesn’t apply to every business and will only work for those who can afford to

If you’re a gym business owner, then you know that it’s important to keep track of your finances. One way to do this is by creating invoices for your gym memberships. With a gym membership

Like most people, you probably use direct deposit for your paychecks. It’s fast, convenient, and secure. But did you know that you can also use direct deposit to pay your invoice and bills? Yes, it’s

When you’re dealing with debt invoice collection, it’s important to remember that you have rights as a debtor. Unfortunately, many people get overwhelmed when they’re confronted with an unpaid invoice, and they might not know

When considering legal action against someone or an entire organization, the first step is to send them a demand payment letter. This document puts the other party on notice and lays out the terms of

When selling a product or service, it is important to have a bill of sale invoice. This document helps protect both the buyer and seller if something goes wrong with the transaction. At the same

If you are an attorney, you know the importance of an invoice to your clients for the services you have rendered. Not only is it a way to ensure that you are compensated for your

If you’re a freelancer or entrepreneur, then you know the importance of online payment processing. PayPal is currently the number one online payment processing platform in the world.  Unfortunately, many people are less than thrilled

Are you looking for a way to transform your WordPress site into a subscription content powerhouse? WordPress subscription plugins can give you the ability to sell access to specific posts, digital downloads, and even custom

When it comes to making recurring payments, there are a few different ways to go about it. Usually, people use a credit card or a debit card. However, did you know that a prepaid card

Nowadays, communication has never been more essential and convenient. In a time of physical distancing, we rely on communication apps to stay in touch with our friends and loved ones. And with many options, Discord

So you’re thinking about how to start an advertising company. The tech industry is one of the hottest industries to be in right now, and with good reason.  Advertising and marketing are essential for any

If you’re planning to acquire or improve the digital marketing services that you already have right now, it’s important to know the actual cost of digital marketing in 2022. This article will answer this question

If you’re looking for a business opportunity with plenty of growth potential, look no further than digital marketing for your agency. According to a study by Forrester, global spending on digital marketing is expected to

If you’re familiar with Google, you’re also familiar with Google Pay—its digital wallet platform and online payment system. Google Pay is one of the most well-known digital payment platforms. It allows users to pay, transfer,

Are you frustrated when ads pop up in the middle of your favorite videos on YouTube? What’s worse is when you get those long, unskippable ads that you must wait through before watching the video.

Steam is an online video game digital distribution service by video game company, Valve. The platform is currently the largest digital distribution platform for PC gaming, estimated at around 75% of the market in 2021.

Can a merchant reverse a refund? In the world of ecommerce, payment reversals can be a huge headache for merchants. Whether it’s a card-not-present or recurring transaction, there’s always a chance that a cardholder may

In the wonderful world of business and ecommerce, not all transactions are successful. There are times when transactions don’t go as planned, sometimes customers simply change their minds, and sometimes businesses make mistakes. When this

Payment reversal is one of the biggest challenges that online businesses face. In fact, it’s such a big challenge that many business owners have to budget for it every month. There are several reasons why

Forgot to pay a bill? Overslept and missed your payment deadline? We’ve all been there! Chances are you’ve experienced the dreaded late fee. And if you’re like most people, you want to avoid them at

Once upon a time, people had to scratch out a check and stick it in the mail to pay bills every month. It’s quite a hassle and time-consuming process that people have to deal with

There are two main ways to pay bills electronically in our fast-paced, electronic world: auto pay and bill pay. Both of these methods are easy and convenient, but you should be aware of a few

As COVID continues to take its toll on the US and other parts of the world, contactless payments are beginning to rise in popularity. This type of payment is becoming more and more ubiquitous in

In the wake of COVID-19, governments and credit card issuers have increased contactless payment limits to reduce friction at the point of sale. This move is in response to consumer demand for speed, convenience, and

The world is changing, and with it the way we pay for things. Cryptocurrency is the next big thing, and this guide will show you why it has the potential to become mainstream in the

Are you using an Apple device? If so, you might be familiar with the fact that you can use Apple Pay to make purchases with your iPhone or iPad. It’s an easy and convenient way

There are many different types of recurring revenue businesses, and each has its own unique set of advantages and challenges. This article will discuss the ten best recurring revenue business ideas to try today. If

Do you have a Microsoft subscription for which you’d like to turn recurring billing off? For example, maybe you’re not using it anymore and don’t want to be billed in the future. Or maybe you

Are you looking for a way to accept recurring payments in WordPress easily? If so, you’re in luck! This article will show you how to accept recurring payments on your website via WordPress the easiest

When it comes to taking recurring payments from your customers, several different methods are available to you. This guide will focus on recurring card payments – one of the most popular and convenient methods around. 

There are a few different models that businesses can choose from when it comes to payment processing. One of the most popular models is the recurring payments model. This type of payment processing allows customers

QuickBooks is one of the leading accounting software available in the market right now. It’s an amazing tool that can help businesses streamline their accounting and invoicing process. Here’s the ultimate guide on how to schedule

When it comes to deciding on what to process between invoicing vs credit card payments, there are a lot of factors to consider. Each method has its pros and cons, and not every business is

If you’re looking for a more secure way to get paid for your goods and services, then credit card invoicing might be the right solution for you. This type of invoice is designed specifically for

Invoices play an essential role in any business. They provide a record of what was sold, to whom it was sold, and the date of the sale. But while it may be a simple document,

Invoicing is an important part of every business. It helps keep track of the money you are owed and makes it easier for customers to pay what they owe. If you are using Shopify, you

“When should you send an invoice to your clients?” Just when you thought invoicing couldn’t get any more complicated, now you need to determine when is the right time to invoice your clients. Unfortunately, there

Under invoicing is a dangerous game. It can leave your business open to substantial losses, and it’s something you want to do everything in your power to prevent. This article will talk about under-invoicing, what

As a startup, you’re probably juggling many different balls – and trying to measure your business results is one of them. Measuring your business results involves monitoring a lot of key benchmarks. However, of all

There are a lot of different aspects to running a business. From human resources to marketing, you need to make sure that you cover all your bases if you want to be successful. One of

Whether you’re working freelance or managing a large enterprise that caters to many customers, one thing’s for sure: you need to secure your billing and accounting needs. To achieve success, you need a way to

One of the toughest parts of doing business is pricing your products. If you set prices too high, you miss out on valuable sales. But when you set them too low, you miss out on

Any subscription commerce brand can agree that getting its pricing plans right is critical to business success. Subscription-based businesses rely on recurring billing models instead of one-time transactions. For this reason, it’s important to learn

We usually associate convenience with online services such as one-top shopping. People want to buy all their groceries in the same store, watch movies or TV shows on a single streaming platform, and pay bills

Nowadays, more and more companies wonder which pricing model is the best between subscription vs license. Some companies just switch from perpetual licensing to a subscription-based pricing model. This new trend is a win for

PayPal is one of the most popular payment methods on the internet. It is used by millions of people worldwide to send and receive money. It is also one of the easiest ways to pay

Convenience is the trend of living in today’s day and age. As people become increasingly reliant on the digital realm, we become more accustomed to automation and all the perks it brings. However, it’s not

As people living in the era of digital convenience, we love the idea of recurring billing. There’s nothing better than having a service that we can set and forget, especially on things like our utilities,

Millennials are already taking up a large portion of today’s consumers. In fact, surveys show that the millennial population will impact the consumer market more than any other generation in the next decade. And that’s

The catering business is a booming and bustling industry. Whether working in a professional kitchen or planning a party or wedding, catering requires focus, concentration, and a strong skill set. That’s why you should know

Snow plowing is a seasonal service that many people in cold climates rely on to keep their driveways and sidewalks clear during the winter months. If you’re managing or planning to establish a snow plowing

Auctioning is a type of business that sells a product or service to the highest bidder. The auctioneer is the person who oversees the bidding process, including calling out a current bid to their audience,

If you’re someone who wants to help and give back to the community, starting a nonprofit organization can be an inspiring idea. There’s nothing like showing love and compassion to those in need. But before

The daycare business is booming. People are becoming increasingly aware of the importance of early learning experiences and welfare for their children. In 2017, there were an estimated 50 million children under the age of

Every business needs security. If you’re in doubt, name one that doesn’t need a security team. Whether the business is looking to protect its employees, valuables, or other assets, having a level of security within

Any business needs a steady flow of loyal customers. Without them, the business cannot achieve its target revenue and fail to develop over time. Not having enough leads will stunt the business’s growth, as a

When it comes to asking clients for payment, sending an invoice is an important step that you need to fulfill. As a business owner, there’s no doubt that you are aware of and understand the

As an artist, you are always on edge with many things. You don’t have the time to entertain other areas. That’s why if you’re going to bill your clients for your performance, you need to

In the world of advertising and marketing, it’s essential to always be on your toes when it comes to invoicing – especially if you’ve just closed a deal with a potential client. Promoting a brand

Recurring billing and the subscription business model are currently at the height of their popularity. Due to it benefiting both the business and the customers, recurring billing has been used by many businesses worldwide. Unfortunately,

Establishing a working business from the ground up can be an overwhelming experience. Most startups today rely on digital tools like recurring billing to ease the transition and make sure their business is up and

Running a business isn’t just about making money. It’s also about looking for ways to save resources. People in the business world are constantly on their toes, looking for every possible way to cut costs,

Does your business offer subscription-based services and collect payment via recurring payments? If so, then you must get familiar with billing cycles. What is it exactly, and what can you get from it? This article

As your business develops, it’s always essential to add new ways to get paid by your customers. At first, you may have started your payment process by accepting cash and checks exclusively. However, when your

When it comes to payment, cash is no longer king. It was for a long time, but consumers are now praising the wonders of non-cash payment methods. According to a 2019 study, the average consumer

If you love pets and earning money, pet sitting can be a fun and rewarding way to do both. Running a pet sitting business means you will be responsible for the care and needs of

Do you run a towing company? If so, then you need to have the correct invoice form to ensure that you get paid for the hard work that you provide your clients. Whether you offer

Are you in the catering business? If so, you know just how important it is to provide quality food and service to your customer. At the same time, it’s also important that you get paid

As a professional accountant, you work tirelessly to balance your clients’ books and calculate their yearly tax returns. You already have a lot of paperwork to deal with – which is why invoicing your client

Do you have a passion for business and food? If so, then you might have thought about opening a restaurant. While it might be an enticing thought, this business venture does come with a series

Are you in the music industry? If so, then you are aware of just how bustling this industry could be. Whether you’re a recording artist, producer, or music teacher, you play a crucial role in

If you’re in the HVAC business, you know that your business operation requires some much-needed automation. That’s where HVAC software comes in handy. It automates all the simple processes of in-house or field service business

Do you repair and restore different kinds of appliances? If so, you should know that getting paid fast and on time is your highest priority. Appliance repair and restoration isn’t an easy job. That’s why

Doing business isn’t all rainbows and sunshine. Sometimes, you hit a bump in the road that can potentially hinder your company. So, if one or many of your customers raise a return request or send

We all love what trees can bring to our lives. It offers shade, oxygen, fruits, and even an attractive feature to our homes. However, it’s a different story when we’re dealing with a dead tree.

The business landscape is in the middle of a significant paradigm shift as consumers are increasingly reliant on paying for access rather than paying for complete ownership. Many industries are starting to shift from the

Nowadays, no business can survive without having a social media influence. This marketing avenue has grown exponentially over the years, that it would be a waste not to tap into its potential. That’s also why

Are you struggling to find new clients to expand your business? Are clients hard to come by these days? You might either be looking at the wrong place, or you’re using the wrong strategies to

If you’re doing business in the highly competitive industry of subscription marketing, you know that monthly recurring revenue is your lifeline. So, if you have yet to set up your recurring payment system, it’s about

Every year, the trend for bank invoice and ACH payment continue to increase at a rapid pace. In fact, a 2016 study found out that non-cash amounts increased by 10% that year, reaching a staggering

If you thought that many big companies and industries are operating at a near-perfect scale, you’d be wrong. Yes, bigger industries – especially ones that operate globally – tend to have more manpower and facilities

If you’re fond of traveling, then you might have heard or even used the services of Airbnb. If you own a rental property, chances are you are linked with Airbnb to connect with potential renters.

As a freelance architect, you are well aware of the intricacies and complexities of architecture work. Yes, you have the flexibility to choose which projects you want to do and how many hours you can

While it may not be the hottest industry nowadays due to COVID, a daycare business is still a profitable business venture. Since the majority of parents work outside, childcare centers prove to be a massive

If you want a seamless and more convenient way to get paid, you should incorporate automatic payments for your billing process. But you might be wondering how to set up automatic payments for your business.

When it comes to doing business the right way, managing cash flow proves to be one of the most crucial tasks. The key to achieving good cash flow is knowing and understanding your options of

Most businesses typically bill customers in two ways – advanced billing and arrears billing. In this article, we’re going to talk about the latter. When it comes to billing your customers, getting to know how

As a locksmith, you are busy working with locks, keys, and security systems that you may find it hard to squeeze other tasks – like creating a locksmith invoice. Your profession is so demanding that

What is bank reconciliation? You might have come across this term many times without truly knowing what it meant. As a business owner, it’s important to know the ins and outs of the business, especially

Heating, ventilation, and air conditioning (HVAC) is a bustling industry. While the job is demanding and requires a lot of effort and skill. That’s why you need to make sure that you get compensated for

Are you dealing with frustrating customers who refuse to pay their outstanding balance? We know and understand the struggle. This problem is common for small business owners to deal with. Debt collection can be frustrating.

Three years ago, the majority of agency leaders reported an increase in revenue and profit – 56% and 55%, respectively. At the same time, 79% claim that they are confident of attaining stronger and stabler

Running a car rental service requires top-notch billing and invoicing. That’s why if you’re managing a car rental service center, you need to incorporate a unique rental car invoice. In this article, we’re going to

A production assistant is a profession that doesn’t get a lot of credit for all the hard work that it does. It’s one of the people behind the scenes who help orchestrate the entire show.

For small businesses to thrive, it’s important to always keep an accurate account of all company-related expenditures. Not only does it keep your business afloat, but it’s also an essential step towards growth and development.

Do you have a green thumb and considers gardening a passion? If so, then a gardening service may be the ideal business for you. Not only will you be able to do your passion, but

As a flooring contractor, you’ve got a great way to earn money from your clients through your superb servicing. However, do you have a similarly easy way to bill them? Are you having trouble finding

No matter what industry your business may belong to, there will be a time when you will need the use of an expense reimbursement invoice. This invoice is made specifically for expense reimbursements and will

A lot of business owners love crunching numbers when it comes to profit and revenue. However, only a few have an interest in actual accounting work. As every business owner can attest, understanding accounting fundamentals

Starting a business is hard. So, if you want to make it simple, you should start with a sole proprietorship. It’s a type of business where you and the company are the same. It also

If you’re in the carpet cleaning business, you need to make sure you send out the right type of invoice for your clients. Since you take good care of their rugs and carpets, it’s just

You won’t understand the benefits of billing software until you start collecting payments for your business. Of the tons of challenges that come with running any profitable business, three tasks emerge as the most overwhelming:

Shooting, cutting, editing, color correction, re-shoots, and busy schedules. It’s safe to say that videographers have enough to deal with. That’s why when it comes to invoicing, you shouldn’t have to go through difficulties just

Selling vehicles is a lucrative business venture for people who have a passion for automobiles. People who are looking to purchase a vehicle want to partner with someone who knows their way around automobiles. However,

During business operations, there will be times when you need to cancel a transaction and give the money back to your clients. It can either be due to a disagreement, breach of contract, incompetence, illegal

If you run a business, you need to know how to prepare three financial statements: a balance sheet, statement of cash flows, and an income statement. For this article, we’re going to learn how to

As an owner of a daycare center, parents trust you and your staff to take care of their children. That’s why it’s only right that you trust your customers that they will pay you for

Whether you’re running a small or large company, you’ve probably heard about double-entry bookkeeping systems. You might even be using it right now. This system has been used for over 500 years, dating back to

We often think of them as synonymous and interchangeable. But the fact is that Installment Invoices and Recurring Invoices are actually very different, and this article will prove just that. If you do a quick

If you think your window cleaning business doesn’t need an invoice – think again! In fact, it thrives from having a professional invoice system. But that doesn’t mean you will need to do it manually.

With the emergence of digital marketing in recent years, the reliance on online tools has also grown exponentially. Modern-day digital marketers are expected to do multiple things at once. Whether it’s gathering data or optimizing

Many people think QuickBooks is the best accounting software. Meanwhile, others think FreshBooks is the undisputed king of accounting applications. For the people in between – the ones that are still weighing their options –

Event planning is a busy industry. With so many upcoming events to prepare and so little time to do it, there’s no time to waste doing other things that are not necessary. If you’re in

The event planning business is quite a daunting field. A lot of time, effort, and commitment is needed to make a successful event. Whether you’re organizing a corporate event, planning a wedding, or setting up

Nowadays, people are too busy to maintain their homes on their own. That’s why they look for support from businesses like professional home maintenance and pool maintenance services. In addition, people with pools at home

As more companies turn towards the internet to generate sales and overall relevance, the need for digital marketing experts has never been higher. We’re currently living in a fast-paced world where businesses can now be

As a business owner, it’s your duty to constantly look for ways to improve small business accounts and financial systems, operational efficiency, enhance financial intelligence, and establish long-term peace of mind. Automation is the key

Do you manage a digital marketing agency? If so, you’re probably aware of how crucial it is to get paid on time. Not only does it keep the cash flowing but it also sustains your

Have you mistaken a statement as an invoice? You might’ve not noticed it, but many people tend to think that a statement and invoice are both the same. For inexperienced business people, it can get

Managing a restaurant can be pretty daunting. However, with the right software to help you out, you can make operations as easy and effortless as ever. The emergence and growth of restaurant billing software systems

If you’re a Software as a Service (SaaS) or subscription business, you can agree that churn is the most frustrating thing that can affect revenue. If your business relies on subscriptions, you can agree that

If your business is in the retail industry, chances are you’ve already heard about retail billing software. Whether you’re running a pharmacy, department store, supermarket, or grocery shop, you can benefit from using retail billing

Does your business involve taking care of pets? If so, then it’s time to send invoices the right way. It’s time you acknowledge the fact that not all invoices are the same. Every business has

Are you looking for a way to convert your unpaid invoices into fast and easy cash? If so, then you’ll be thrilled to know that there are effective ways to do that. With invoice factoring,

Being able to pay your bills on time consistently is essential. It’s an important skill to learn that every business owner should prioritize. Unfortunately, it’s also a tough thing to get used to. Not paying

If you’ve been doing business on the internet long enough, you would also know just how important it is to have cloud billing software. The advantages of having a cloud software program are undeniable. It

The automobile business involves restoring vehicles and making them run like they’re brand new. If there’s anything you’re not good at, it’s doing administrative tasks like invoicing. However, it’s still an essential part of your

If there’s one thing, business owners can’t stand, it’s reminding clients about late payments. Whether it’s for a bill or an invoice, there’s nothing more awkward and uncomfortable than reaching out to clients for money

Technological advancements are increasing rapidly. It has reached several niches – including the food industry. For one, catering software is currently on the rise. These applications are used to aid catering services and make customer

What happens when you run into a situation where a customer cannot pay the money they owe you? We certainly hope that you don’t. But just in case you do, you’ve got yourself a bad

Are you in the cleaning industry? If so, then you should know that business is always booming. For one, homes and offices are always looking for cleaning services. Also, Americans are always looking for reliable

Every business – big or small – needs regular cash flow to survive. By getting a steady income from clients, business owners can pay expenses such as employee salary and utility costs. That’s the reason

We can all agree that the business world isn’t always smooth sailing. In fact, it has a lot of the opposite. For SaaS companies, the main problem lies in recurring billing issues. If you’re one

When you’re just starting out your business, online fraud may be the least of your thoughts and worries. However, as you progress from hundreds to thousands of transactions and start accepting payments, skimping on your

Like how we relate bills and invoices together in our previous article, we also need to discuss the relationship between invoice and receipt. Like the previous pair, the terms ‘invoice‘ and ‘receipt‘ are also used

It’s almost the end of 2020. Yet, the coronavirus disease of 2019 (COVID 19) is still ravaging businesses worldwide. It has crippled multiple companies all over the globe and continues to show no sign of

In the world of small business, there is a lot of jargon that gets thrown around. For seasoned veterans, this won’t be a problem as they already know the differences between these terms. However; for

When a business sells goods or offers its services to large clients, such as retailers or wholesalers, it’s usually paid via credit. This process means that the customer doesn’t have to pay for the goods

What is the first thing that’s on your mind when you hear the word, “payroll”? Many business owners tend to associate it with issuing paychecks to their employees. However, that’s only one aspect of payroll.

When it comes to online invoicing, the electronic mail – otherwise known as email – plays an integral part in the process. Gmail, in particular, is the biggest and most used email platform. Whether you’re

As a freelancer – or any professional for that matter – there’s nothing worse than waiting for your clients to pay their invoice. We can all agree that it’s one of the most taxing moments

As a web designer, your main goal is to craft beautiful designs for your clients’ websites. Value and dedication are the name of the game in your field. But did you know that you also

Have you heard about a proforma invoice? It’s a type of invoice that’s pretty common, yet not a lot of people know about it. You might be doing it right now without knowing that it’s

As a business owner, you can agree that the most uncomfortable situation that you’ve gone through is reminding clients about late payments. What’s more challenging is trying to respectfully request the client to pay immediately

When you’re processing payroll for your employees vs. yourself, choosing the appropriate business model is vital to reducing the amount of taxes you’ll have to pay. Determining when and how much to pay will help

In the business world, it’s common to refer to any chargeback that isn’t true fraud as ‘friendly fraud.’ However, for merchants like to your benefit, you need to distinguish one from the other. While they

A handyman business is like any other type of company. To run it smoothly and effectively, you need a way to organize your finances to keep up with the competition and stay in business for

When it comes to online payments, no other platform comes close to the effectiveness and convenience of PayPal. The biggest payment provider in the world, PayPal has helped millions of tradespeople, professionals, freelancers, and businesses

There are many aspects of business that needs consideration. One of which is invoice discounting. You may or may not have heard about this term. Either way, you’re going to learn all about it in

If you have done accounting for your business, you might have heard about accounts payable and accounts receivable. In most cases, you might have also gone through the confusion of mistaking one for the other.

Today’s hyper-competitive market has taught us two things. One, your customers have a multitude of options when choosing a service provider. Two, they are more than likely to choose and stay loyal with a business

Invoicing for a photography project is quite different from other types of work. For one, there are a variety of billing methods that you can use. However, if you’re not aware of this and you’re

For freelancers or small business owners, there’s no shortage of expenses, invoices, payments, and receipts to track. Failing to organize and maintain these important aspects can cost you a hefty sum. But despite all of

If you’ve just started freelancing for the first time, you need to make sure that you get your first pay. That way, you can kick-off your freelance career on the right foot. Whether you’re only

It’s 2020 – if you’re still dealing with the hassles of paper bills and check payments, then you’re not embracing the convenience of digital payment. By switching to electronic billing – or eBilling – you

What is a Progress Invoice? A progress invoice, also known as progress billing, is a type of invoice that requests payment for work completed to date. It’s commonly prepared and submitted for payment at different

It’s 2020 – gone are the days of having to create your invoices via snail mail. Not only did this method slow down payment, but it also placed businesses at risk of not getting paid.

Are you a freelancer? Do you work and earn from the comforts of your home? Becoming your own boss and working at your schedule may be the best decision you ever made. You have the

Customer Churn – the nemesis of subscription-based businesses. There’s nothing more frustrating than seeing your customers turn from your business and end their subscriptions. Fortunately, dunning has developed recently and has been the go-to solution

In today’s highly digitized world, we can no longer go more than a week without hearing news about high-profile data leak or massive cybercrimes. While many tech companies are doing their best to protect their

As a small business, it can be hard to compete and keep up with other bigger names in the industry. At the same time, small business owners also contend with a variety of different challenges

In running a business, there may be activities and transactions that feature terminologies that are quite confusing. However, the confusion shouldn’t stop or hinder daily business operations. Having a clear understanding of day-to-day business terms

With the current pandemic still raging on, many people are turning towards an alternative route to earn money: working from home. Online freelancing is a constantly-growing industry due to businesses growing reliant on the internet.

Long ago, subscription was a term most commonly associated with newspapers and magazines. But nowadays, you can now use subscription to get basically anything you want. From makeup, health counselling, and of toiletries, to even streaming videos online.

The business world involves a series of different terms and words that can be confusing to understand. Some can even be compared or be related to each other. Take the churn rate and retention rate,

Many consumers realize that paying their bills and dues are more burdensome than before. That’s why if you want to provide your customer with an excellent way to manage cash flow and retain as much of them as you can, we suggest that you get to know more about installment billing.

Every enterprise faces a series of different challenges every day. From extreme corporate competition, constant innovations in technological assistance, to payment management and a steep invoicing process, managing an enterprise is always a tough task.

If you’re a merchant, issuer, or consumer, you might agree that one of the most confusing terms that you may have come across is “friendly fraud.” Just by looking at how both of these words are paired together can already raise a lot of eyebrows.

It’s time to get paid and enjoy the rewards of hard work! So you’ve sent your customers their monthly invoices. Soon enough, you’ll be collecting your hard-earned money through ACH payments, paper checks, e-Checks, wire transfers, and more.

Do you need to send or receive money? In most cases, an electronic transfer is an excellent, hassle-free option. Unlike mail, you can ensure that nothing gets lost in the process. The fund transfer will

If you’re running a small business, you might have encountered the term, ‘freemium.’ There are dozens of terms that you need to learn in the business field, but freemium might be something that you would

Does your business require you to send recurring invoices to your clients regularly? Are you having a hard time tracking everything and creating an invoice manually? If so, then you should get familiar with automated invoicing.

Pool service is one of the most underrated yet absolutely crucial service providers in the industry; whether your customers are residential owners with pools in their backyards or five-star hotels trying to keep their guests

Doing business has never been more convenient yet more complicated. In today’s trend, all kinds of businesses are carrying business transactions daily. These transactions are carried out by business invoices, which makes invoicing one of

For merchants looking to grow their client base, build customer loyalty, and increase cash flow; subscription billing can be an effective and profitable payment tool. It has a lot of potential and upside that you

Entering a new business venture can be a mixed bag of feelings. While it poses excitement on a new opportunity to earn more money, it’s also nerve-wracking as you will face more challenges along the

As a business, it’s essential for you to know the rate of customers or clients that you have. The customer is a vital piece to your business as they are one of the entities that are keeping your business afloat. That’s why you need to be mindful of the number of customers that you currently have, as well as the rate of employees that leave your company at a certain period.

Are you struggling to manage the billing for your rental properties? Are you looking to enter the property management industry to earn a profit? Either way, you will need to get familiar with a property

When it comes to SaaS pricing models, there are a few things that impact revenue quite like the pricing. That’s why many SaaS startups allocate at least six hours a day to define, test, and optimize their pricing strategy.

QuickBooks is a renowned and respected accounting software developed and marketed by American business and financial software company, Intuit. QuickBooks offers products that are geared towards small and medium-sized businesses. They also provide on-site accounting

There are only a few things in the world that are as frustrating as a credit card error. Just imagine the excitement you feel about buying something you want, and for some reason, your card

It’s safe to say that the COVID-19 outbreak is like no other crisis faced by people and businesses all over the world. It’s still rampaging across the globe, and many business owners are starting to

Consumers love anything that’s tagged with the word “free.” It’s a stimulus that triggers whenever they see a product or offer that has that word in it. As business people, we need to make the

While rates vary by industry to some extent; in general, you can expect 10% of your customer’s credit card payments to get declined.  In a card-present or retail setting, credit card declines can be unsettling. 

When it comes to the end of the month, every business wants two things:  1) spend less time creating invoices. And 2) get paid. If your business has one or both of these challenges and

As a business owner, you might feel like you hear these terms all the time. Or maybe you’ve heard the terms but weren’t really sure how or if they applied to your business.

When invoicing customers, speed is essential to get paid on time. Many small businesses waste time trying to chase down late payments, and avoiding this problem can be challenging. There are a number of things

Automate Invoices with ReliaBills & QuickBooks 2-Way Sync QuickBooks offers an excellent solution for creating invoices, tracking expenses and managing your overall company profitability. It’s no wonder that they are the #1 accounting software in

So, you’ve read the first article of this series Why Your Invoice Isn’t Getting Paid and determined that you share a B2C relationship with your customers (i.e. your customers are consumers, not businesses). More so

So, you’ve read our last article Why Your Invoice Isn’t Getting Paid and determined that you share a B2B relationship with your customers (i.e. your customers are businesses, not consumers). Additionally, we discussed some of the main

If you own a business, you understand that getting paid is essential to survive. This is especially true for small businesses that rely on prompt payments to maintain adequate cash flow. If you haven’t already

We get it, converting from paper to electronic invoicing can be incredibly appealing. No more long waits at the post office, no more folding and assembling envelops, no more running out of printer toner at the worst

Dealing with customer billing is more than just a challenge of freelancing, it’s the whole point. Freelancers work to get paid, no client should expect you to provide your services for free, it’s simply not

You run your business with integrity, which is why your clients come back to you on a regular schedule. You provide a service and lay out your terms effectively, allowing your client to have expectations,

Typical questions often asked about charging late fees by small business owners include: Should you charge a late fee?  How much should I charge? Will it alienate your customers? The answer is always, “Yes! Charge

Sometimes, no matter how amazing the work that’s done, businesses are not getting paid in a timely manner, or worse, not at all. It often has nothing to do with the quality of work, but

Fewer and fewer small businesses are run in an office or a brick and mortar establishment in this day and age. Much of the time, owners aren’t in a chair but are out in the

Most small businesses and start-ups often have the mindset of wanting to look that way – small and limited. However, that’s not what doing business is all about. No matter what your company may be

Back in 2016, the Freelancers’ Union issued a report regarding a problem that many freelancers are encountering even today. This issue is about unpaid invoices; and while it may be unfortunate, it can be avoided

Never before has the threat of doing business online been so real. In the last 10 years, cyber-attacks have made the news outlets as, collectively, they have hacked Home Depot, Target, Chase and many more.

Small businesses face certain situations and struggles that other, larger companies, do not. Larger companies have many departments to connect the transactions and interactions various parts of the company have with each other and their