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Writing receipts of payment has become quite simple. Professional templates and software make bookkeeping as easy as possible. Your receipts are automatically filled in with all the necessary details and are ready for printing. But when is a receipt of payment required? And what…
Africa StudioshutterstockA well-crafted quotation template boosts your chances of converting interested prospects into customers. It’s essential that the quote aligns with their expectations while also ensuring the structure, format, and content are professionally presented. Quote templates for Word and…
G-Stock StudioshutterstockBusiness letters are essential for external communication, such as initiating or managing business relationships. In initial contact, they must provide the recipient with key information about the sender. Legal regulations require specific mandatory details depending on the…
Andrey_PopovshutterstockWhat does a cash discount accounting record look like? Once you know how to record a cash discount, it’s quite simple. However, the topic can be confusing at first: What about sales tax? Should I book the discount as a price reduction? Should I use the gross or net method? We’ll…
Watchara RitjanshutterstockHidden reserves can occur within a company through many ways. Some arise more or less of their own accord, others are created either intentionally or unintentionally. Usually these are completely legal or even required by law. On the other hand, however, these hidden assets can…
RomanRshutterstockWith the concept of a net operating loss (NOL) deduction, you can reduce your loss through tax relief and save taxes in the prior or future year. To apply for this, you would use the NOL carryforward or NOL carryback provisions with the IRS. We explain what these terms mean and…
Mohd KhairilXshutterstockHow can you make the most of tax deductions as a self-employed individual? This article outlines essential tax tips for freelancers and business owners in the U.S. Learn about the deductions you can claim, which taxes you need to pay, and how to reduce your tax liability with…
Andrey_PopovshutterstockInvoices are primarily known from business transactions. However, private individuals can also issue invoices—for example, when selling a used item or providing a one-time service. It is important to follow certain guidelines to ensure that the private invoice is correct and…
Zheka6120shutterstockGetting Things Done (GTD) is a productivity and time management system that was developed in 2001 by David Allen and now has a large community of followers. What’s so special about the GTD method? You can apply it to all areas of life to prevent important to-dos from falling…
pinholeimagingshutterstockYour to-do list is not getting any shorter, and you feel like time is slipping through your fingers? If you want to work more productively and efficiently, you should use time management strategies. With proven strategies, tasks can be prioritized, planned, and completed…