Billing

Booking entertainment expenses: The rules

Most firms organize regular company events - business meals aren’t a rarity either. While selecting the menu plays an important role in the organization of such events, it’s just as important, if not more, to properly record all of your meal and entertainment expenses so that you can file for tax deductions. [...]  

Order confirmation template: Basics and Tutorial

If a customer accepts an offer that you’ve submitted, you should formally confirm the order. In theory, an oral communication is sufficient, but a written confirmation of the agreed services and conditions is much more serious and secure. With templates for Word, Excel, and others, you can create such order confirmations in just a few minutes. [...]  

Numbering invoices: What you need to know

Numbering your invoices isn’t required under U.S. law, but it’s a helpful tool for managing your business and tracking your transaction history. Utilizing a good invoice numbering system makes it easier to locate invoices for future referencing, and can come in handy when accessing sale records for customer service purposes. Following a structured invoice numbering system can also be helpful when conducting business with customers in other countries with stricter invoice regulations in place. [...]  

Cash flow statement: Cash flow according to ASC 230

Cash flow statements provide the recipients of quarterly or annual financial reports with an overview of the company’s use of funds. They help investors assess their financial and economic situation. Depending on the company’s focus, preparation of the cash flow statement must comply with the requirements laid out by the FASB and in the IAS 7. In this article, we give you a short introduction into the accounting practice. [...]