SMALL BUSINESS GUIDES
Your guide to invoicing
10 Benefits of Online Invoicing
If you issue invoices while running your small business, you should pay attention to how you send and manage these invoices. The benefits of using online invoicing have simply become too big to ignore. Gone are the days of manual and paper invoicing practices...
10 Benefits of Online Invoicing
When running a small business you need the best tools available. Learn why online invoicing will help your small business grow!
What is direct debit?
Direct debit is an important facility used when running your business. Read on to find out how you can make it work for your small business.
What is credit control?
Credit is an important facility used to keep your business running. Read on to find out more on how to use it.
What is an invoice?
Learn more about invoices with Reckon! From what is an invoice to tips on how to create professional looking invoices for your business, find out here!
How to write a quote?
If you’re in the service industry & provide your time, skills, & materials to clients, then it’s likely you’ll be asked for a quote. Keep reading our article to find how.
Bad debts written off
No matter what industry you’re in, if you are a business owner and would like to learn more about writing off bad debts, just keep reading!
What is a price quote?
A price quote is a way of pre-informing a customer what they should expect to pay for your goods or services. Keep reading our article to find out more.
How to avoid invoicing mistakes
Some invoicing mistakes could take a long time to be fixed. In this article, you’ll discover 7 sins you need to stop committing to avoid mistakes.
How to collect debts from clients
All small business will probably have to chase payments from customers at some point. Discover how to collect debts from clients here!
Download your free tax invoice template
Tax invoice template
Not sure what to include on tax invoices? Use our free customisable tax invoice templates for small business. The easy-to-use editable document contains all the legal requirements of an invoice to help you get paid faster. Simply add your business name and a few other details and you’re ready to go!
Invoicing FAQs
Invoice vs receipt: What's the difference?
An invoice is a request for payment. Whereas a receipt is the proof of payment.
Examples:
- Buy a coffee in a cafe, you will get a receipt
- Get a tradie to do some plumbing and they will send you an invoice.
What's an invoice number?
An invoice number is just a unique identifier that many businesses add to their invoices when sending them to clients. Used as a way to track payments and keeping the business organised.
Types of invoices
- Regular invoice: If you run a business that is not registered for goods and services tax (GST), your invoices won’t include a tax component. They should not include the words ‘tax invoice’.
- Tax invoices: If you’re registered for GST, you must provide tax invoices. Tax invoices include the GST amount for each item along with some extra details.Â
What is an invoice used for?
An invoice is a document used for recording an agreement between a business and a customer. Invoices outline the product or service provided, the amount owed and the date due. Invoices include payment terms, bank details etc to help ensure the business is paid on time.
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