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Knowledgebase : Invoices
You can produce an invoice from the exchange very quickly & easily - for jobs you have done with other members click on the green '£' icon in the diary entry for this job. The job details will be transferred to the invoice. Check the details and click sav...
To raise a credit note, find and view the invoice you widh to credit in the accounting section. Once the edit screen opens, you will be able to click 'Credit this invoice' button located at the bottom of the screen. Click 'Save' to save the credit note...
Whether we like it or not, work is generally carried out on a credit basis, which is generally given on trust. This is obviously risky as you are offering free credit to a company you have probably never worked for before or in some cases never even he...
There are precautions you can take to help reduce the age old problem of bad debt and late payment. Before starting out in any business venture write a "business plan". This should include a contingency for bad debt. The first thing you must understand ...
This is the time that your newly found knowledge of accounting comes into play. You essentially have to be organized. Document the date you are expecting payment and the date you will chase them if payment has not been received. If you do need to chase pa...
If payment has not been received before or on the date that was specified in the order / invoice, DO NOT start jumping up and down and blaming everything and everyone, there is generally a perfectly good explanation. Some of the more common reasons are...
It can be very frustrating (to say the least) when somebody hasnt paid you within terms. It is very tempting to get upset and think about 'revenge'. STOP!!! Think thrice before you do anything drastic that may put you in a very undesirable position. Wha...
Commonly used invoice payment terms. Invoice payment terms: * 7 Days (From Invoice) * 14 Days (From Invoice) * 30 Days (From Invoice) * 30 Days (End of Month) * 45 Days (From Invoice) * 45 Days (End of Month) * 60 Days (From Invoice) *...

Always use a PC to raise an invoice, handwritten invoices are not deemed to be professional in this day and age.  Excel is always a good starting point,...

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