Finance
Top 10 Benefits Of Automated Invoice Processing
The use of invoice automation is becoming increasingly popular in businesses, as it provides a variety of advantages that help to streamline the invoicing process. Automated invoicing is incredibly beneficial for businesses. According to surveys, automated invoices have a much higher on-time payment rate than manual ones with 42% of submitted automated payments being paid …
Basic Finance Terms Every Small Business Owner Should Know
Hey, fellow freelancers! It’s time to get your vocabulary game on point! However, let’s be honest, even the most seasoned of us can feel a bit bamboozled by those financial terms. Don’t fret though, in this article, we’ll tackle them together and spend some time comprehending each of those terms! What are Financial Terms? Finance …
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Industry-wise Top Invoicing & Billing Software In 2023
Billing systems are like snowflakes – no two are exactly the same! It’s crucial for businesses to have a billing system that’s custom-tailored to their unique needs. After all, a one-size-fits-all approach simply won’t cut it in today’s diverse business landscape. In this article, we will explore the unique billing requirements of different businesses and …
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How To Receive International Payments As A Freelancer – A Tax Guide
As a freelancer, the bullseye hit is often getting that first client, and for some it is closing a deal with an international client. Freelancers often find that while starting out is simple, as they begin to earn income, things become complicated due to the added responsibilities of tracking and filing taxes, especially if they’re …
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Top Free Quickbooks Alternatives for Small Businesses in India
Quickbooks has recently announced that is shutting down its India business. If you are a Quickbooks user, you might be worried about how to find an free QuickBooks alternatives that works as well as or is possibly better than Quickbooks. There are a variety of options available and it is very difficult to choose the …
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Best Practices For Creating And Sending Invoices To Clients
An invoice is not just a piece of paper. It is an extension of your brand. A nicely designed, clear, and easy-to-read invoice can change the customer experience drastically. A comprehensive invoice with detailed information, terms & conditions, payment details, due dates, etc. can help you avoid confusion with your clients and receive payments on …
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8 Best Freelancing Jobs With Salary Estimates
Freelancing is a lot more than bread and butter! It can satisfy your financial goals, and can also give you some extra bucks to enjoy your life and financial independence! But, the ability to freelance to provide for you depends on how you see it! Are you a full-time freelancer? Or are you freelancing part-time? …
How You Can Ensure Your Business Is Compliant With E-invoicing?
Update as of 11th October 2022 The GST Council may implement the next phase of e-invoicing for businesses with an annual turnover of more than Rs.5 crore from 1st January 2023. The system may get extended to businesses with a turnover of over Rs.1 crore by the end of the next fiscal year. Annual Turnover …
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Freelancers: 8 Tips For Choosing The Best Payment Gateway
If you’re a freelance writer, designer, or developer, you’re likely looking for a payment gateway to help you accept payments from your clients, be they national or International. These payment platforms help you receive money safely and efficiently, without having to set up your own storefronts and merchant accounts, which can be time-consuming and expensive. …
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8 Invoicing Tips For E-Commerce Businesses
E-commerce businesses are flourishing like never before as more and more people are getting accustomed to online shopping mode. Approximately there are 12 million – 24 million eCommerce websites across the globe! (Well, that’s an enormous number!) As an e-commerce business owner, you already know the significance of the invoice you send across to your …
9 Smart Financial Tips For Freelancers With Irregular Income
Anjali, 35, is a seasoned professional with 11 and a half years of work experience. She works as a content strategist and writer in Delhi, India. She decided to try freelancing last year because she wanted to experience the creator’s economy. After 1 year of working in the field, she claims that a full-time job …
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15 Money-Saving Hacks For Freelancers
With the rate at which inflation is running rampant and prices meandering in the face of global energy deficits and supply chain difficulties, it is no doubt that there will be price rises. As a freelancer, how do you deal with this change? One of the best and lasting solutions to keep your pocket running …
Actionable Invoicing Tips for Freelancers To Actually Get Paid
According to a study conducted by Upwork, freelancers spend about 23% of their time on administrative tasks. That’s a lot of time that could be spent doing what we love and getting paid for it. Dealing with later payers appears to be among these tasks. The truth is, being a one-man army, freelancers can`t do …
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5 Strategies To Build A Six-Figure Income As A Freelance Writer
“How to make six-figure income” is one of the most commonly asked questions about freelancing. A six-figure income is a goal for many freelancers, and while it may not seem like much in some regions, it may be a life-changing number in others. Additionally, breaking the $100,000 threshold in any freelance profession is a dream. …
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When Is The Best Time To Send Invoices To Your Clients?
In any career field, creating invoices and maintaining finances is a necessary step. It advises the client of the amount to be paid in exchange for the goods and/or services received. Creating and maintaining a record of such sales is also necessary. The client will be better able to browse through all of the different …
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Freelance Pricing – How To Price Your Service For First Time Customers?
One of the most difficult things for a freelancer to accomplish after obtaining clients is to calculate their freelance pricing. You don’t want to overcharge, but you do want to be compensated adequately for the effort and time you put into your project, as well as your talent and skill. You must also earn a …
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How To Handle The Feast And Famine Cycle As A Freelancer?
Whether you’re a freelancer or considering a freelancer career, the feast and famine cycle can be a regular part of the job. The feast and famine cycle is an up and down roller coaster where you’re joyful and “feasting” at times, and hungry and needing labor at other times. It’s normal to have a few …
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5 Tax Tips For Freelancers
Many people are turning to freelance work as a source of income. One of the primary reasons for this is that this year has seen a lot of job losses and high unemployment rates. This means that, even though the gig economy has been booming, we can expect a thriving freelance economy in the future. …
India’s Best International Payment Gateway In 2023
With an increasing number of Indians turning to freelancing, they’re looking for quick ways to attract clients from all around the world. While attracting clients from all over the world, they must find a reliable and secure mode of international payment gateway. To reach the rest of the globe, digital businesses require excellent online marketing …
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Invoicing Software For Freelancers & Small Businesses: Factors To Consider
As a freelancer or even as a small business owner, you work hard. In order to provide an exceptional product or service, you work closely with your client using your all resources in the hopes this will yield good returns. However, easier said than done, that rarely ever happens. To get paid and get the …
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FAQs for e-invoices
What is the meaning of an e-invoice? What is an e-invoice? ‘e-Invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices (the invoices where the GST number of the customer is entered to be eligible for GST Credit) are authenticated electronically by GSTN for further use on the common GST portal. Under this new …
Mandatory Fields In An E-Invoice
The process of creating an e-invoice that has the IRN number, and the unique QR code requires the companies to submit their invoices on the website in a certain format, and to do that one has to adhere to the standards set by the government to successfully create an e-invoice. You can create free invoices …
How To Collect Money From Clients Who Won’t Pay?
Facing trouble to collect money from clients who won’t pay? Don’t worry, you are not the only one. From late payments to getting completely ghosted, freelancers and small businesses face a lot of payment issues frequently. Moreover, at some time in your freelance career, you are likely to deal with late-paying clients. 71% of freelancers …
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Introduction to e-Invoicing and IRN – Invoice Reference Number
The government of India and the GST department of India has issued a new rule where B2B invoices, have to be generated through the GSP(GST Suvidha Provider) portal. E-invoicing doesn’t mean that one can generate invoices using the government portal, rather it requires people to be able to upload their already existing invoices on the …
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Create An Estimate: Everything You Need To Know Before Creating a Cost Estimate (2021)
Creating Estimates is an essential part of planning for small businesses. They are often used by small businesses to comprehend how much a project is going to cost them. Apart from that, estimate helps brands get new businesses and allows the clients to budget for a project. A bid proposal of a small business always …
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How To Manage Your Finances As A Freelancer?
Being your own employer, having flexible working hours, and the freedom to choose your employment all contributes to the rewarding life of a freelancer. However, being a freelancer has its own set of obstacles. You are exclusively responsible for getting in work and handling your time and resources as a freelancer, in addition to dealing …
Filing ITR As A Freelancer? Know The Rules That Apply In India
A rising number of people are becoming interested in freelancing as technology advances. However, there is still considerable ambiguity regarding the taxation of freelancers and their profits. Freelance income is classed as ‘earnings and gains from firm or profession’ for tax purposes. While this may come as a surprise to some, it is because money …
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Negotiating Like A Pro To Convert Your Quotation To An Invoice
Negotiation is something that we do every day. With clients, with the team, and even at home. Not everyone is on the same page always, hence negotiation is omnipresent. Sadly, there is very little we read about how to do negotiations better. This 5 point blog is a must-read for it will increase your chances …
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How To Create An Invoice Online- A beginners Tutorial
Invoicing is one of the most crucial components of running a successful business, yet it’s also one of the most neglected. It is undoubtedly a difficult bookkeeping job that small business owners have to deal with. Moreover, multi-tasking and bookkeeping abilities are required while chasing down clients and ensuring that all payments are paid. For …
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