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Blog - billbooks: Online Billing Software & Invoicing System for Small Business
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An invoice does two jobs: it tells the client exactly what they owe and why, and it gives you a clean record for your accounts and taxes. Miss the wrong detail and you get slow payments, disputes, or a headache at tax time. Here is everything a good invoice should include. The essentials, every time […]
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Revenue gets the attention, but profit margin is the number that tells you whether a business is actually healthy. You can be busy, grow sales, and still go backwards if your margin is too thin. Here is what margin means and what “good” looks like. The three margins to know Gross margin is revenue minus […]
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If you have ever been asked for a “proforma” and were not quite sure how it differs from a normal invoice, you are not alone. The two look similar but do very different jobs. Here is the difference in plain terms. What a commercial invoice is A commercial invoice, the standard invoice, is a formal […]
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When people compare invoicing tools, they usually look at the monthly subscription. But for a lot of businesses, the subscription is the small number. The big number is the payment processing fee, the slice taken out of every invoice your client pays by card. A tool can be cheap to subscribe to and still be […]
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Burn rate and runway are two of the most important numbers a young business can track, and two of the most often ignored until it is too late. They answer a simple, vital question: how long can you keep going at your current pace? What burn rate means Your burn rate is how much cash […]
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