Partial invoices are particularly practical when services are not paid in a single total invoice. They are flexible in their amount and frequency and are agreed between customer and contractor. For the seller, partial invoices mean a more regular cash flow, and the customer may benefit from the more predictable burden of paying the invoice step by step. Prepayments are mainly used in the...
Do you run personal errands with your company car? No problem at all – as long as you record the distances you have covered thoroughly in a logbook. You can either keep this in electronic form on your smartphone or buy it as a bound booklet from a specialist office retailer. However, there is nothing stopping you from creating your own logbook. Our mileage log sample will help you with this.
Do you travel regularly with a company car, but also use it for private journeys? While this is a monetary advantage, you have to pay tax on private usage. There are two different methods for calculating this tax burden: You can use a mileage log or claim actual expenses. A logbook is used for documentation purposes, in which you record the miles driven.
Not just for large businesses, it’s also important for small businesses to get their invoices just right. How to determine whether your business qualifies as small, what needs to be included in the invoice, and the best way to send them can be found in this article. A small business invoice template is also included to make the whole process even easier.
Rechnungen kennt man eigentlich nur aus dem Wirtschaftsverkehr. Doch auch Privatpersonen können Rechnungen ausstellen – beispielsweise, wenn sie etwas verkaufen. Was genau ist aber zu beachten, wenn man als Privatperson eine Rechnung ausstellt? Gibt es dafür Richtlinien? Und wenn, welche? Was gehört auf eine Rechnung, die eine Privatperson ausstellt?
At the break-even point (BeP), a company makes enough revenue to switch from the loss zone to the profit zone. If the BeP is exceeded, a company yields a profit. But what data do you need in order to calculate the break-even point? What formula is used to calculate it? We’ll answer these questions and provide you with further info about the BeP.
As an entrepreneur, you should have basic knowledge of double-entry bookkeeping with debits and credits in order to record your business transactions in a comprehensible manner. If you deliver products or services to your customers, then these are business transactions that you record. These records always follow the “debit to credit” system. But what exactly is behind this process?
Whether you’re in the supermarket, at the restaurant, or in the garage – invoices are issued everywhere. However, young entrepreneurs – either freelance or self-employed – who want to claim money from their customers for the first time and write outgoing invoices are often unsure. What is the difference between an incoming and an outgoing invoice? What information should be included in the...
Getting to grips with the challenges of accounting is now much easier than it was a few years ago thanks to new programs. Many developers offer tailor-made software that automate invoice management. There are many good Mac invoicing software for iOS, and there are several options to suit different needs.
If you run a business, you need to keep books well – this is tedious, time-consuming and requires a great deal of know-how. For these reasons, many businesses, both big and small, choose to get help from an accountant or tax advisor. Before you take this step, however, you should consider how much an accountant costs, as well as which aspects you might want help with to better predict how much an...
A solid business growth strategy is paramount for any business owner. This category focuses on all the aspects that follow the establishment of a company; from business strategy and growth, to recruitment, bookkeeping, and taxes.