Stash Your Cash
Accounting;
-Keep track of who owes you money.
-See how much you are spending on materials and services.
Invoices and Statements;
Essential of an Invoice:
-Your business address.
-Your customer's address.
-The date of the invoice.
-Item by item details of the service or product provided.
-Total amount due.
Essential of a Statement:
-Your business address.
-Your customer's address.
-A list of recent invoices you have sent out
-Details of invoices paid and unpaid
-Total amount outstanding
On the back of invoices and statements there are things called terms and conditions, the conditions are the circumstances under which the agreement is made.
-Designed to protect your rights and interests
-Costs
-Delivery Arrangements
-Payment Terms.
Terms and Conditions cover areas which need to be set in stone, credit limits etc...
The statement
Send out on the day before the due date,
Send out every month thereafter
How much is owed?
Accounting Software: Bank Tree, quick books, sage, online quick book essentials.
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