Finance
Top 10 Best Accounting Software For Travel Agencies (Updated 2024 List)
Travel agencies have a unique business model. They handle multiple clients, deal with different service providers, manage various currencies, and adhere to different tax laws based on their global operations. Manual accounting or traditional software that is not tailored to cater to these unique needs can lead to inefficiencies, errors, and even financial losses. In …
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What Is A Shipping Invoice: Examples and Use Cases
Logistics is a complex process that involves the movement of goods from one place to another. Whether it’s a small package or a large shipment, keeping track of the items throughout the process is crucial to ensuring they arrive at their intended destination on time and in good condition. Without accurate records and effective tracking …
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10 Tips For Financial Success In Your Freelance Business
As a freelancer, it can be hard to conceptualize that you’re operating a small business. A freelance business is unique because it’s typically a one-person operation but requires some of the same structural support as a larger operation. For example, a freelance business requires special attention to finances. From budgeting for marketing to properly filing …
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Client Not Paying Up After Follow-Up? Freelancers’ Legal Guide
Freelancing is attractive to many creatives and professionals in the modern age. The freedom that comes with setting your working hours, pursuing only passion projects, and escaping the confines of a corporate business structure is too compelling for many to pass up. Thanks to the rise of the gig economy and the increasing accessibility of …
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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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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 a free QuickBooks alternative 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? …
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?
In the business world, invoicing is a crucial element in facilitating the payment process. However, one aspect often overlooked is the timing of invoice dispatch. The decision on the best time to send invoices can greatly impact the speed and ease of payment, thereby influencing your business cash flow and client relationships. Utilizing invoicing software …
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 slow months …
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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
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 …
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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How To Collect Money From Clients Who Won’t Pay?
Tired of playing cat and mouse with clients who won’t cough up the cash? You’re not alone! Late payments and disappearing acts are all too common in the world of freelancing and small business. 71% of freelancers struggle to collect money from clients who won’t pay at some point. Moreover, pursuing overdue payments not only …
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Create An Estimate: Everything You Need To Know Before Creating a Cost Estimate (2024)
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 contribute to the rewarding life of a freelancer. However, being a freelancer has its own set of obstacles. You are exclusively responsible for getting into 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 ?
To create an invoice, start by selecting an appropriate format, which can be done using software like Excel, Word, or specialized invoicing platforms. Then, add essential details such as the invoice number, date, client information, and payment due date. Next, list each service or product provided, along with a description, quantities, unit prices, and the …
E-invoicing In GST: A Complete Guide
The buzz around e-invoicing has grown in prominence within the business sector since the GST Council adopted the notion of e-invoicing. The GST Council approved the implementation of e-invoices at its 37th meeting in September 2019, with the primary goal of ensuring the interoperability of e-invoices across the GST ecosystem. In October 2020, the Goods …