What is the Invoicing Cycle? 5 things to know
One of the commonly asked questions from users of the ProInvoice platform is, “what is the invoicing cycle?” When it comes to the business of buying and selling, there is always a cycle that revolves around making enquiries, negotiating and then making payments. It is considered as a repetitive cycle that involves a series of […]
Is an invoice the same as a receipt? Differences to note
Is an invoice the same as a receipt? definitely, no. Invoices and receipts are two essential documents that businesses use in their day-to-day operations. Although they serve different functions, each of these documents provide crucial information regarding financial transactions. Effective financial management requires an understanding of the distinctions between invoices and receipts. The similarities and […]
Proforma Invoice: A Guide for Small Business Owners
Welcome, small business owners! Today, we will delve into the world of “proforma invoices” in a simplified and easy-to-understand guide. Before we dive in, it is important to note that Proforma invoices are one of the several types of invoices, there are several other types of invoices discussed in the other article. Whether you are new […]