General

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The Difference between Invoicing and Billing

In regular commercial transactions, the phrases “invoicing” and “billing” are frequently used interchangeably. While both deal with requesting and receiving money, their functions, structures, and timeliness differ. Understanding the distinction between invoicing and billing is critical for maintaining clear communication, correct financial records, and seamless operations, whether you’re a freelancer, a small business owner, or

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How Multi-Price Lists Enhance Your Accounting Software’s Capabilities

In today’s competitive market, price flexibility can make or break a deal. Whether you run a retail store, a wholesale operation, or a service-based firm, having a multi-price list function in your accounting software is no longer optional—it’s required. This article discusses the importance, benefits, and applications of multi-price lists, as well as how incorporating

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CRYPTOCURRENCY

What is cryptocurrency? Cryptocurrency is a digital or virtual currency protected by encryption. Unlike traditional currencies issued by central banks, cryptocurrencies are decentralized and often use blockchain technology, which is a distributed ledger enforced by a network of computers Popular cryptocurrencies include Why is cryptocurrency considered a financial revolution? Cryptocurrency is more than just a

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BENEFITS OF AUTOMATED INVOICING

How Automated Invoicing Can Be Used Depending on your business model, automated invoicing can be used in the following ways: Recurring billing : Auto-invoices for subscriptions at regular intervals. E.g., monthly SaaS billing. Project Invoicing: Bills sent after project milestones. E.g., construction phase billing. E-commerce Sales: Invoice sent after order & payment. E.g., instant online

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