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How To Price Products for Wholesale

August 6, 2021Cash Flow , Invoicing

It’s an exciting time when you are finally ready to launch your new product. But the question is, how much do you sell your product for? This might seem like an easy question to answer. But if your pricing is off, potential customers could view you as a cheaper, less desirable product or as something …

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How to write a letter of demand (Template Included)

August 2, 2021Invoicing , Late Payments

How to Write a Letter of Demand (template included) A powerful addition to your collections toolkit is having a demand letter. This comes into play when you have tried everything to receive a payment from your customer/s. A letter of demand, also known as a dunning letter or debt collection letter, helps your B2B customers …

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The Best Way to Reconcile Invoices

July 16, 2021Cash Flow , Invoicing

The Best Way to Reconcile Invoices Reconciling your customers invoices is an important step in your accounting process. Not paying proper attention to this can not only cost your business revenue, but also affect the relationship of those you do business with. Shockingly, a large number of small businesses and SMEs skip this step. Whether …

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paper work being sorted for the accounts receivable process.

5 steps to improve your accounts receivable process

May 11, 2021Invoicing

5 steps to improve your accounts receivable process Running a business means constantly shifting focus – you’re so busy in the day-to-day, that it can be hard to keep track of all the moving parts. Pencil, on the other hand, is in a unique position. We have a birds eye view of the businesses we …

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A woman calculating her invoice costs for her small business.

8 Common Invoicing Mistakes

September 23, 2019Invoicing

8 common invoicing mistakes you need to avoid Sending invoices to your customers is obviously a very important step in receiving payment. But you would be surprised to learn that many business owners have a poorly constructed invoicing system and mistakes are made constantly. These small invoicing mistakes can lead to larger problems for your business, such as dealing …

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