The Break-Even Point – What is it, Why does it Matter, and how do you calculate it? Knowing what your break-even point is, is critical in any business. Whether it’s understanding how many units you need to sell or how much revenue you need to generate, understanding break-even is the difference between success and failure. […]
As a freelancer, your money is made on a per-task or per-job basis. When you’re working on multiple projects at a time it can become confusing when trying to bill clients and structuring payments. What you need is a simple, robust, all-in-one solution that will support your business’ monthly billing requirements. So, let’s take a […]
Curious to know how to get those dreaded invoices paid on time? Not sure how to create easy invoicing processes for your clients and wish there was a simple way to just get the bills paid? Well, we can’t promise any magical solutions, but can provide you with a few ways that are practical, affordable […]
Managing your time and increasing productivity as a freelancer, especially when it comes to invoicing, can be a huge challenge. You already feel overwhelmed trying to do right by your clients, booking appointments and getting more business. Who has to the time to do more? While you maybe overworked juggling so many balls at the […]
Time and resource management are crucial business fundamentals, not only from a functional point of view, but also from a financial perspective. For entrepreneurs and owners of small businesses, knowing how much their time is worth and how much time each task consumes is critical. However, could inefficient time tracking strategies themselves be costing you […]
As a freelancer, setting and negotiating rates with clients can be one of the most challenging aspects of running your own business. However, with the right approach, you can ensure that you are getting paid what you’re worth while also building long-lasting relationships with your clients. 1. Research the market: Before you set your rates, […]
It’s all too easy to think that your clients and clients don’t want to receive your invoices. But in fact, if you invoice right your clients will actually be glad to get them. After all, a clear, professional invoice makes it easy to see how much is owed, for what services, and how it can […]
According to a 2016 survey by Upwork, the number of freelancers in the US had risen by more than two million since a similar survey just two years before. Upwork’s Freelancing in America survey revealed that more than one third of the workforce – 55 million workers – operated as freelancers. Hardly surprising given some […]
Keeping a record of your billable hours and issuing invoices to your clients is a fundamental part of operating a consultancy business. Ensuring that you know exactly how much each client owes, and billing them regularly, will ensure you get paid the correct amount in a timely manner. How to Invoice Your Consultancy Clients […]
Bank reconciliation is the process whereby you match your bank statement to corresponding entries on your balance sheet. Identifying any discrepancies will help you to correct your accounting records, and spot potentially fraudulent transactions. How do You do a Bank Reconciliation? Bank reconciliation is a comparison of your account balance as reported by your […]
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