While the terms “bills” and “invoices” are often used interchangeably, there are actually significant differences between the two. In general, a business issues an invoice to clients or customers to…
Accounts payable refers to short-term debts and obligations that have not yet been paid. When a company has outstanding accounts payable, the sum of those amounts is listed on a…
Being a contractor can often feel like a juggling act. On any given day, you might be managing several different job sites, coordinating with subcontractors, and fielding client requests. With…
Salons thrive on their ability to market themselves—whether through traditional channels or through word-of-mouth recommendations. When it comes to actively marketing for salons, there are plenty of avenues you can…
As an electrical contractor, you’re spending plenty of time crimping wires and bending conduit. However, you’re also doing a fair amount of clerical work: writing work orders, sending invoices, ordering…
Recently, we had the opportunity to interview Shawn Van Dyke, a construction business expert, coach, and author, on his business journey from construction business owner to business coach and the…
In recent years, digital transformation has taken the business world by storm. However, some departments have been slower to catch up than others. Some accounts payable (AP) departments have struggled…
Every time you purchase a product or service for your business, you’ll receive an invoice that must be processed and paid on time to avoid late fees and stay in…
Understanding how to pay invoices efficiently and on-time is key to running a successful business. Prioritizing prompt, accurate invoice payment helps you build and maintain relationships with suppliers, which are…
Accounts payable is a summary of your company’s short-term debt obligations, and is therefore a credit. The sum total of your accounts payable is a liability because it represents a…
Understanding how to pay an invoice is a critical skill to possess if you own or operate a business of any size. Businesses small and large need to pay their…
As a small business owner, managing your accounts payable helps you keep track of short-term debt, avoid incurring late fees, and stay on top of your cash flow. It involves…
Inflation has been a hot topic since the pandemic started in 2020. For years, consumers and businesses have battled rising rates spurred by supply chain disruptions, labor shortages, and increased…
Being a great business owner doesn’t make you a great financial manager—but you can’t run a business on passion alone. With over 50% of small businesses failing in their first…
If you own a landscaping business, your number one priority is to grow your list of happy clients and consistently add new projects to your workflow. Often, getting a new…
