Crafting an Effective Business Invoice—The Key Elements

A business invoice is one of the most crucial documents that an enterprise creates, as it directly affects when and on what terms they receive payment from their clients. It also assumes a huge role in business for reasons such as record keeping, business analytics, easy tax filing, and legal protection. An effective invoice is especially necessary for a small business sending out their first few ones, as it shows the client how professional they are (or are not). Therefore,...

How to Recession-Proof Your Business

Everyone is saying a recession is approaching, with increasing pandemics and social disruption, it definitely is about to hit the global economy. But that doesn't mean you have to shut shop. There are ways to protect your business in the lows of economic fallout. A recession doesn't mean all SMEs go bankrupt. In fact, according to federal data in the US, only 170,000 small businesses out of almost seven million shut shop during the 2008 recession. Although the rest weren't...

6 Reasons You Should Use Cloud Accounting Software When Freelancing

6 Reasons You Should Use Cloud Accounting Software When Freelancing Freelancers are forced to wear many hats in their day-to-day operations. Although some freelancers do hire and outsource the tasks that they are not too familiar with, many opt for handling these aspects of their business on their own. For this reason, we recommend that all freelancers look toward some type of cloud accounting software to help them deal with their day-to-day bookkeeping and ensure that they are up to...