Timely payments are very crucial for a business. You will be able to have a smooth operation if your cash flow is regular and consistent. This cash flow is important especially for small business owners as they don’t have heavy capital like big co-operations. Unfortunately, business is not as ideal as we wish it…
Invoicing explained Invoices are a critical element in business. In simple words, it is a commercial document that helps maintain records of a transaction between a buyer and a seller. An invoice tells your client how much they owe you, when the payment is due, and what services you provided. If goods or services were…
Late payment disrupts cash flow. Cash flow is the lifeblood of any business. Without cash flow, your business will crumble. It may seem unimportant for a small invoice to go unpaid. But, imagine a situation where this number keeps growing. How would that affect your daily operations going forward? To be blunt, it would…
Every Startup owner knows the struggle and importance of dealing with invoices. Money is the core feature of your business and you don’t want to mess it up, especially when you are just starting off, right? Everybody carries a manual of all the right things to practice in their business but it’s equally important to…
Invoices or invoice creation are mandatory by the Government of India under GST laws. While making these invoices you have to take a lot of things under consideration. One of these key elements is- The invoice payment terms and conditions. When it comes to starting a business or managing an existing business effectively, the…
In earlier articles, we’ve covered various aspects of Goods And Services Tax, how to create a GST invoice and finally how to file GST Returns. Now, once you file the returns, it becomes little tricky to make changes to the transactions of that particular month – specially Invoices. But we are humans and changes…
Every month suppliers will be required to upload their invoices to GSTN portal and those will be matched with the purchases from customers. So, invoice matching is going to be a monthly affair for businesses. Use of IT systems for bookkeeping and tax compliance work will be seen even in many small and medium…
If sell products or services in India, you must be issuing invoice to your customers. Every business in India needs to know about the new GST invoice rules going forward. In this article, we’ve explained how to create GST invoice, various components that must be there on invoice, format of GST invoice and much more.…
ProfitBooks offers the simplest way to create professional invoices. However, creating and sending an invoice to your customer is a job half done. Most of our users tell us that it takes them average 18 days to receive money once the invoice is sent. So, to solve this problem, we had integrated Instamojo payment gateway with…
Sometimes, your invoice is the last communication that you have with your client and its very important to leave lasting impression. At ProfitBooks, we’ve seen many businesses suffer from late payments due to improper invoice payment terms. In this post, I’ve explained how to write invoice payment terms that can help you get paid faster.…