One of your biggest areas of business expenditure will be buying the goods and services that are needed for the company to operate. Whether these are raw materials, wholesale goods or cloud services, you need someone to be in control of this procurement process. Managing your procurement spending is a vital part of keeping the business cost-effective and competitive in the market. If you’re overspending on materials, or paying over the odds to your delivery partner, this can
E-invoicing protects you against invoice fraud Is your business using e-invoicing? It’s a fantastic way to protect yourself and your customers from invoice scams, and it can help you get paid faster. E-invoices replace emailed PDF invoices or links to online invoices. Instead, e-invoices are delivered securely to your clients, even across different accounting systems. Preventing invoice fraud Invoice scams are surprisingly common, and can be quite sophisticated. For example,
What are your business goals for 2022? The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement. Last year, there were inescapable impacts on businesses, with some thriving, others failing, and others just getting by. So what kind of year was 2021 for your business?
Take the time to review the year and acknowledge all that has happened, g
Value the importance of bookkeeping in your business
One of the most common concerns of freelancers is getting paid. As a freelancer, you may have many different clients. It can be hard to keep track of who owes you money, when, and how much. That's why it's important for freelancers to understand basic bookkeeping and use bookkeeping tools. You’ll be able to keep track of outstanding invoices, so you can collect payment. You won't miss out when billing your clients. And you’