What Is a Statement of Account? The Document You Should Never Pay From
A statement of account summarises a period and is not a demand for payment. What it shows, why never to pay from one, and what to include.
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Remittance Advice: What It Is, What to Include and When to Send One
A remittance advice tells your supplier exactly what a payment covers. Here is what to include, when to send it, and why no law anywhere requires one.
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Proforma Invoice: What It Is, When to Send One and What to Put On It
A proforma invoice is not a quote and not an invoice. Here is what it is, what belongs on it, the VAT rule that catches people out, and when sending one is the wrong move.
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Late Payment Fee: What You Can Actually Charge in the US, UK and EU
A late payment fee only works if it was in the contract first. Here is exactly what you can charge in the US, UK and EU, how to calculate it, and how to make clients pay it.
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Statement of Work vs Scope of Work: The Difference and When You Need Each
Statement of work vs scope of work: what each document contains, why the difference decides whether you get paid, and which one you actually need before starting a project.
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Net 30 Payment Terms: What They Mean and When to Offer Them
What net 30 payment terms mean, when the thirty days actually start, what the law says if you agree nothing, what offering net 30 costs you, and when to offer it.
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Purchase Order vs Invoice: The Difference and When You Need Each
Purchase order vs invoice: who issues each, when, and why mixing them up leaves invoices unpaid. Plus the three-way match and when to start issuing purchase orders.
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How to Write an Invoice: What to Include and When to Send It
A practical guide to how to write an invoice: the nine fields that are legally required, what changes for sole traders and limited companies, how to set payment terms, and what to do when it is not paid.
