Misconceptions about Accounting

technology

Busting common MYTHS about e-invoicing

It is the biggest misconception that businesses have come across about invoicing. Most of the time people, tend to think that sending invoices through e-mail is merely the function of e-invoicing. The shift from printing and sending invoices through the post to digitally sending through e-mail is e-invoicing. However, the PDF format invoices are not e-invoices. E-invoices are structured, formal, and reliable.

technology

Challenges faced in Traditional Invoicing

You must have thought the essentials for starting a business is that one should have enough or adequate resources, a reasonable business model, buying customers, and many more. But have you ever wondered how you could keep track of your records? And where can you keep the financial history of your business? Therefore, invoices are a necessary part of a business to keep it going. A legal document that’s given to the buyer from the seller to collect the payment. Basically, for all the record-keeping purposes.

technology

Traditional VS E-invoicing

The world of business is constantly evolving and, every day, we tend to see new digital innovations. They transform businesses to the extent where they can earn huge profits and grab more attention simultaneously, making the time count, reducing the everyday operational costs, and stimulating productivity.

Basic Accounting

new blog test 001

Basic Accounting

How to Make Sure Your Biggest Clients Pay Their Invoices on Time

As a business owner, keeping track of invoices and making sure they are paid on time is crucial to the success of your company. That's where invoice specialists like Olabooks come in. Olabooks is a leading provider of invoice management services, offering a range of tools and resources to help businesses streamline their invoicing processes and get paid faster.

Basic Accounting

How Small Business Owners Can Collect on Unpaid Invoices faster.

Small business owners often face the challenge of collecting on unpaid invoices, which can be frustrating and time-consuming. It's important for small business owners to have a system in place for tracking and collecting on unpaid invoices, as this can help to ensure that they are able to get paid for the goods and services they have provided in a timely manner.

Basic Accounting

10 Common Invoicing Mistakes You Can Easily Avoid

Any business must have a best invoicing system in place. Making a mistake will cause your cash flow and business operations to be disrupted. A well-designed invoicing system, however, may do more than just help you get paid. It can also help you build your brand identity, win over customers' trust, and even guarantee long-term repeat business.

Basic Accounting

10 Basic Invoicing Tips to Get Paid Faster

A straightforward solution for small businesses to accurately create invoices for their clients and maintain a record of their clients' payments. By directly sharing their professional-looking invoices with their clients and requesting payments, small business owners can accelerate the payment process.

Basic Accounting

How Small Business Owners Can Collect on Unpaid Invoices Faster

Using invoicing software like olabooks can be an effective way for small business owners to streamline their billing and payment processes and get paid faster. Here are a few ways that olabooks can help

technology

What is the Difference Between An Invoice and A Bill

Invoice is a detailed business document that lists all the goods and services provided to the client, the total amount due, and the desired mode of payment. The customer may receive paper or digital invoices from the seller. Depending on the agreed-upon payment, the invoices may be paid in whole at once or over time in installments. according to the intended use.

Basic Accounting

How to increase profitability and minimize costs in a business?

What is the purpose of a business? It’s simple: To earn profits as much as possible. And what makes a businesses successful? These are the right strategies to increase profits and minimize costs. So here are some strategies you can implement to make your business successful.

technology

Advantages and Disadvantages of Advertising to a Business

Is advertising a great or terrible thing? What are the pros and cons of numerous kinds of advertising? marketing techniques have shifted in the last decade to use social media as a number one advertising platform. With these modifications and competitive marketing campaign techniques, ads have made their way into our digital lives-huge tech organizations tune our every move and bombard us at every nook.

technology

How COVID-19 affected businesses all around the world?

Apart from its impact on public health, coronavirus disease 2019 (COVID-19) has caused a major economic shock. Based on different reports, it is the most horrible global crisis since WW II. According to Fairlie, the number of working business owners in USA decreased from 15.0 million in February 2020 to 11.7 million in April 2020 because of COVID-19 mandates and health- and economic-driven demand shifts.

technology

HOW TO GROW YOUR BUSINESS IN 21ST CENTURY?

An entrepreneur, is willing to fail. Why? Because only with small fails and mistakes you can avoid more costly mistakes in the future. If you want to learn from successful ideas and failures, you will be in the position to decrease the level of uncertainty around your ideas.

Products

Why do businesses fail?

So why do businesses fail? What makes one entrepreneur succeed while another experiences business failure? It comes down to a combination of preparation, strategies and knowledge.

technology

E-invoicing and management leading to enhanced security

If you are managing a company where safety and security of data is an important concern, then saving data electronically is way to go. Physical paper can be a significant burden on your company. Sensitive files can be easily compromised and paperwork can be misfiled, destroyed or stolen. Your customers' trust in you should depend on more than a locked file cabinet and shredder.

technology

Why E-invoicing will soon be the norm for businesses?

E-invoicing is a form of online account software like ola books. It is often provided on a subscription basis by expert third-party vendors. Businesses take most advantages of E- invoicing software especially new startups and small startups. In the 21st century a business’s best source of elevation is technology and digitalization.

technology

Why is E-invoicing the main focus at present times?

Given the growing popularity of E-Invoicing in today’s world, we have outlined some of the major benefits of using it in your business. Traditional invoice processing means spending endless hours on data validation, invoice matching, and invoice approvals. The month-end reports are a time-consuming project requiring a lot of human labor.

Basic Accounting

How to grow your business?

You can never be a good businessman if you are afraid to take risks. The most crucial feature of being a businessman and stepping into the world of entrepreneurship is to take risks.

technology

How to enhance your business with E invoices?

Best E-invoicing system is a form of billing between a supplier and buyer. It takes the traditional, paper-based document exchange and processes it with the internet. While the e-invoice is as legally valid and important as any traditional, paper-based document exchange, the digital process offers significant and compelling advantages ranging from lower costs and improving productivity to a faster, more accurate invoice operation.

technology

How automation with online invoicing can speed up your business’s growth?

E-invoices sends your invoices online. Online invoicing therefore, they travel directly to you, and are only accessible with secure entry to your account. Paper invoicing risks loss as a paper document is easily lost. Online invoicing only provides a paper copy if you want one.

technology

How your data is secured by switching to E-invoices?

Best e-invoicing system sends your invoices online. Therefore, they travel directly to you, and are only accessible with secure entry to your account. Paper invoicing risks loss as a paper document is easily lost. Online invoicing only provides a paper copy if you want one.

technology

How paper invoices from various businesses play a major role in deforestation?

Paper invoices play a major role in deforestation. 118,000 trees are cut down to make 1 billion invoices. Deforestation include much larger drawbacks than the profit we are getting. For example, deforestation is causing global warming at extreme levels. Glaciers are melting down , habitats are being destroyed. Many animals are going extinct

technology

Why switch to online invoicing software?

Online invoicing software is on demand in present world. As freelancers and new business owners are stepping in, thousands of sales are being made all over the world in a matter of seconds. With this growing technology, new business owners and those who are already running their businesses should get rid of the hassle of using ancient invoicing methods like printing and taping the invoices on their products.

Basic Accounting

How to improve finance and processing time by using E-invoicing software?

A new and small growing business face many problems, one of the biggest problem is managing finance and reducing the cost to maximize profit. Managing time properly has always been a key to success. Saving time is important for both seller and buyer. E-invoicing software steps in to resolve these problems of their user by providing E-invoicing system.

Basic Accounting

Top 5 Accounting Software that is Beneficial for your business

Accounting software automates most of your accounting-related tasks. You can send and receive invoices online. You do not need to keep track of your transactions and bills on paper. You can do it online and can access it anytime you want easily.

Basic Accounting

How are Book-keeping and Accounting different?

Bookkeeping is basically the first step of basic accounting. Consider bookkeepers to be the first runners in a track relay. By recording financial transactions, they establish the groundwork for accountants.

Basic Accounting

Accounting tasks that you can do yourself

If you are running a small business, you have limited resources i.e time, money etc. And there are many tasks that you have to handle yourself for example; business development, management, customer support etc.

technology

Advanced Invoicing tips

As a business or enterprise, it can be difficult to keep track of every transactional document of every customer because the workload involved can be overwhelming and exhausting, which can lead to a variety of problems such as errors in invoice issuing, delayed invoice, late payments, overlooked payments-to-be-made, and many other related consequences.

Products

5 reasons why you should use Ola Books

Whether you are running a small or a large business, you probably love looking for ways to save money. And for saving money one should have a track and record of where all your money is being spent.

Basic Accounting

How to cut your business expenses

Communication is an essential component of every small business. Broadband and phone costs can be among the most expensive recurrent expenditures, and they frequently rise gradually year after year.

Basic Accounting

Why is it important to track your business expenses?

Tracking your business expenses can be one of the most boring tasks of a business and it may seem unimportant to most people but there are quite a number of benefits of doing so. Being out of control with one's own finances is not something anyone wants.

Basic Accounting

Errors in Accounting

Accounting error is a mistake or inaccuracy in the financial records. Major mistakes are omissions or misstatements that might lead to or affect the decision-making of financial statement users, either individually or collectively.

Basic Accounting

Accounting and Book-keeping are two separate things but because they both deal with financial data, these are sometimes used interchangeably. Although they appear to be fairly similar, there are some significant distinctions between the two.

Basic Accounting

Track your business expenses

When you are running a business, it is important to keep track of your finances. How much cash do you have in hand, how much it has been spent, how much more expenses are to be made, what transactions have to be made?

Basic Accounting

Fasten your accounting with olabooks

When you are running a small business, you do not have many people with/under you to get everything done efficiently in time. You have to do much of the work yourself. Some businesses hire people for every kind of work but that can cost them quite a lot. Same is the situation when you are running a large business.

Basic Accounting

Cloud-based Accounting Software

Cloud-based accounting software is defined as a scalable and elastic way of doing your accounting. You do not need to download any software on your devices for doing so. You can access your financial data online whenever and wherever you want.

Products

Accounting For Small Businesses

Accounting software is helpful to all kinds of businesses. It not only simplifies but also fastens data entry capabilities in a business. It reduces the chances of human error, reduces operational costs, and improves collaboration between departments through a centralized database.

Products

What are the biggest challenges due to paper-based invoicing?

Most businesses have revolutionized their ways of working by embracing electronic invoicing. But still, some business affairs have not taken up this technological advancement. In this consequence, they are lagging in all aspects of reformism.

technology

What problems do businesses face due to paper invoicing?

Paper invoicing has done severe damage to businesses, from negatively affecting their brand image to impacting the working capital of some organizations. It seems some firms are already working on these issues to prevent them from collateral damage. Here we are going to discuss some problems these businesses face.

technology

Importance of digital invoices from a business standpoint

It is no wonder digital invoicing has become the key concept for businesses to impact the world as the driver of digitalization. Nowadays, many firms are showing concern regarding the importance of digital invoicing. Let's discuss the significance of digital invoicing in the light of business perspective.

Products

How can digital invoicing help your business in the long run?

Digital Invoicing has become one of the prevalent topics in the business community and, it is a crucial step towards digitalization. The way businesses adapt to digital invoicing can help them flourish in the long run.

Basic Accounting

Tips for effective digital invoicing

Making an invoice is not much of a task nowadays because of the unveiling methods introduced. Businesses are now adapting to innovation thereby, keeping pace with the business world. Here in this blog, we will talk about the tips that will help your invoicing methods be hassle-free and effective.

technology

Difference between Digital invoicing and E-invoicing

Often a layman will consider e-invoicing the same as digital invoicing. However, both the terms and their way of working have noteworthy differences. Let's delve into the differences between digital invoicing and electronic invoicing.

Basic Accounting

Why is digital invoicing need of the hour?

As we all know, that our mother Earth is facing an environmental crisis due to our deeds. The rapid increase in cutting down trees has done damage to the environment.

technology

Save the environment with Digital Invoicing

Unfortunately, our environment suffers the most because of our unnecessary paper consumption. Do you know? Over the last 40 years, paper usage has increased to 400% and, over two million trees are cut down every day for paper consumption globally.

Basic Accounting

What are some demerits of making invoices through word and excel?

There is no doubt saying that MS Word and Excel have helped businesses a lot for their accounting needs as it is convenient to the user and simple to operate. Despite the platforms being user-friendly, there are some drawbacks too.

Basic Accounting

Loopholes of using outdated invoice procedures

Have you ever contemplated how your business can flourish if you stop using outdated methods for invoicing? Your business might be going great now, but in the long run, it won't survive. Don't put your business at stake by still using paper-based invoices.

technology

How are businesses evolving with e-invoicing?

E-invoicing is a commendable innovation in the business world and, it has evolved the means of how business work. The dynamic shift towards e-invoicing has flourished in many businesses. It has become an essential part of the everyday operations of a business. The convenience it has provided to the tech-savvy people has transformed accounting needs.

Products

Why is e-invoicing beneficial for your business?

Businesses that adopt advanced technologies are more likely to thrive in the long run because of the rapid response to modern techniques and innovation. Many questions need to be taken into account while adopting advanced technology, but most importantly, you begin to think about the values it must provide to you and your business. It is not an easy task to run a business, especially in this tech-savvy world.

Products

Benefits of e-invoicing from suppliers perspective

As we know, email or paper-based invoicing takes a longer time to appear on the AP system, and also the overall functionality level is low. Also, there is a risk surrounding that data might get lost during the process. Whereas the electronically derived invoices are much safer, and the data is stored on the workflow system. It reduces all kinds of delays and days of sales outstanding which would undoubtedly accelerate the payment cycle.

Products

How does e-invoicing work?

The emergence of new technological advancements has made life pretty straightforward. Gone are the days when sending an invoice was a long and complex process. Creating an invoice is a simple process and, in this blog, we will give an overview of how e-invoicing works.

technology

Busting common MYTHS about e-invoicing

It is the biggest misconception that businesses have come across about invoicing. Most of the time people, tend to think that sending invoices through e-mail is merely the function of e-invoicing. The shift from printing and sending invoices through the post to digitally sending through e-mail is e-invoicing. However, the PDF format invoices are not e-invoices. E-invoices are structured, formal, and reliable.

technology

Challenges faced in Traditional Invoicing

You must have thought the essentials for starting a business is that one should have enough or adequate resources, a reasonable business model, buying customers, and many more. But have you ever wondered how you could keep track of your records? And where can you keep the financial history of your business? Therefore, invoices are a necessary part of a business to keep it going. A legal document that’s given to the buyer from the seller to collect the payment. Basically, for all the record-keeping purposes.

technology

Traditional VS E-invoicing

The world of business is constantly evolving and, every day, we tend to see new digital innovations. They transform businesses to the extent where they can earn huge profits and grab more attention simultaneously, making the time count, reducing the everyday operational costs, and stimulating productivity.

Basic Accounting

new blog test 001

Basic Accounting

How to Make Sure Your Biggest Clients Pay Their Invoices on Time

As a business owner, keeping track of invoices and making sure they are paid on time is crucial to the success of your company. That's where invoice specialists like Olabooks come in. Olabooks is a leading provider of invoice management services, offering a range of tools and resources to help businesses streamline their invoicing processes and get paid faster.

Basic Accounting

How Small Business Owners Can Collect on Unpaid Invoices faster.

Small business owners often face the challenge of collecting on unpaid invoices, which can be frustrating and time-consuming. It's important for small business owners to have a system in place for tracking and collecting on unpaid invoices, as this can help to ensure that they are able to get paid for the goods and services they have provided in a timely manner.

Basic Accounting

10 Common Invoicing Mistakes You Can Easily Avoid

Any business must have a best invoicing system in place. Making a mistake will cause your cash flow and business operations to be disrupted. A well-designed invoicing system, however, may do more than just help you get paid. It can also help you build your brand identity, win over customers' trust, and even guarantee long-term repeat business.

Basic Accounting

10 Basic Invoicing Tips to Get Paid Faster

A straightforward solution for small businesses to accurately create invoices for their clients and maintain a record of their clients' payments. By directly sharing their professional-looking invoices with their clients and requesting payments, small business owners can accelerate the payment process.

Basic Accounting

How Small Business Owners Can Collect on Unpaid Invoices Faster

Using invoicing software like olabooks can be an effective way for small business owners to streamline their billing and payment processes and get paid faster. Here are a few ways that olabooks can help

technology

What is the Difference Between An Invoice and A Bill

Invoice is a detailed business document that lists all the goods and services provided to the client, the total amount due, and the desired mode of payment. The customer may receive paper or digital invoices from the seller. Depending on the agreed-upon payment, the invoices may be paid in whole at once or over time in installments. according to the intended use.

Basic Accounting

How to increase profitability and minimize costs in a business?

What is the purpose of a business? It’s simple: To earn profits as much as possible. And what makes a businesses successful? These are the right strategies to increase profits and minimize costs. So here are some strategies you can implement to make your business successful.

technology

Advantages and Disadvantages of Advertising to a Business

Is advertising a great or terrible thing? What are the pros and cons of numerous kinds of advertising? marketing techniques have shifted in the last decade to use social media as a number one advertising platform. With these modifications and competitive marketing campaign techniques, ads have made their way into our digital lives-huge tech organizations tune our every move and bombard us at every nook.

technology

How COVID-19 affected businesses all around the world?

Apart from its impact on public health, coronavirus disease 2019 (COVID-19) has caused a major economic shock. Based on different reports, it is the most horrible global crisis since WW II. According to Fairlie, the number of working business owners in USA decreased from 15.0 million in February 2020 to 11.7 million in April 2020 because of COVID-19 mandates and health- and economic-driven demand shifts.

technology

HOW TO GROW YOUR BUSINESS IN 21ST CENTURY?

An entrepreneur, is willing to fail. Why? Because only with small fails and mistakes you can avoid more costly mistakes in the future. If you want to learn from successful ideas and failures, you will be in the position to decrease the level of uncertainty around your ideas.

Products

Why do businesses fail?

So why do businesses fail? What makes one entrepreneur succeed while another experiences business failure? It comes down to a combination of preparation, strategies and knowledge.

technology

E-invoicing and management leading to enhanced security

If you are managing a company where safety and security of data is an important concern, then saving data electronically is way to go. Physical paper can be a significant burden on your company. Sensitive files can be easily compromised and paperwork can be misfiled, destroyed or stolen. Your customers' trust in you should depend on more than a locked file cabinet and shredder.

technology

Why E-invoicing will soon be the norm for businesses?

E-invoicing is a form of online account software like ola books. It is often provided on a subscription basis by expert third-party vendors. Businesses take most advantages of E- invoicing software especially new startups and small startups. In the 21st century a business’s best source of elevation is technology and digitalization.

technology

Why is E-invoicing the main focus at present times?

Given the growing popularity of E-Invoicing in today’s world, we have outlined some of the major benefits of using it in your business. Traditional invoice processing means spending endless hours on data validation, invoice matching, and invoice approvals. The month-end reports are a time-consuming project requiring a lot of human labor.

Basic Accounting

How to grow your business?

You can never be a good businessman if you are afraid to take risks. The most crucial feature of being a businessman and stepping into the world of entrepreneurship is to take risks.

technology

How to enhance your business with E invoices?

Best E-invoicing system is a form of billing between a supplier and buyer. It takes the traditional, paper-based document exchange and processes it with the internet. While the e-invoice is as legally valid and important as any traditional, paper-based document exchange, the digital process offers significant and compelling advantages ranging from lower costs and improving productivity to a faster, more accurate invoice operation.

technology

How automation with online invoicing can speed up your business’s growth?

E-invoices sends your invoices online. Online invoicing therefore, they travel directly to you, and are only accessible with secure entry to your account. Paper invoicing risks loss as a paper document is easily lost. Online invoicing only provides a paper copy if you want one.

technology

How your data is secured by switching to E-invoices?

Best e-invoicing system sends your invoices online. Therefore, they travel directly to you, and are only accessible with secure entry to your account. Paper invoicing risks loss as a paper document is easily lost. Online invoicing only provides a paper copy if you want one.

technology

How paper invoices from various businesses play a major role in deforestation?

Paper invoices play a major role in deforestation. 118,000 trees are cut down to make 1 billion invoices. Deforestation include much larger drawbacks than the profit we are getting. For example, deforestation is causing global warming at extreme levels. Glaciers are melting down , habitats are being destroyed. Many animals are going extinct

technology

Why switch to online invoicing software?

Online invoicing software is on demand in present world. As freelancers and new business owners are stepping in, thousands of sales are being made all over the world in a matter of seconds. With this growing technology, new business owners and those who are already running their businesses should get rid of the hassle of using ancient invoicing methods like printing and taping the invoices on their products.

Basic Accounting

How to improve finance and processing time by using E-invoicing software?

A new and small growing business face many problems, one of the biggest problem is managing finance and reducing the cost to maximize profit. Managing time properly has always been a key to success. Saving time is important for both seller and buyer. E-invoicing software steps in to resolve these problems of their user by providing E-invoicing system.

Basic Accounting

Top 5 Accounting Software that is Beneficial for your business

Accounting software automates most of your accounting-related tasks. You can send and receive invoices online. You do not need to keep track of your transactions and bills on paper. You can do it online and can access it anytime you want easily.

Basic Accounting

How are Book-keeping and Accounting different?

Bookkeeping is basically the first step of basic accounting. Consider bookkeepers to be the first runners in a track relay. By recording financial transactions, they establish the groundwork for accountants.

Basic Accounting

Accounting tasks that you can do yourself

If you are running a small business, you have limited resources i.e time, money etc. And there are many tasks that you have to handle yourself for example; business development, management, customer support etc.

technology

Advanced Invoicing tips

As a business or enterprise, it can be difficult to keep track of every transactional document of every customer because the workload involved can be overwhelming and exhausting, which can lead to a variety of problems such as errors in invoice issuing, delayed invoice, late payments, overlooked payments-to-be-made, and many other related consequences.

Products

5 reasons why you should use Ola Books

Whether you are running a small or a large business, you probably love looking for ways to save money. And for saving money one should have a track and record of where all your money is being spent.

Basic Accounting

How to cut your business expenses

Communication is an essential component of every small business. Broadband and phone costs can be among the most expensive recurrent expenditures, and they frequently rise gradually year after year.

Basic Accounting

Why is it important to track your business expenses?

Tracking your business expenses can be one of the most boring tasks of a business and it may seem unimportant to most people but there are quite a number of benefits of doing so. Being out of control with one's own finances is not something anyone wants.

Basic Accounting

Errors in Accounting

Accounting error is a mistake or inaccuracy in the financial records. Major mistakes are omissions or misstatements that might lead to or affect the decision-making of financial statement users, either individually or collectively.

Basic Accounting

Misconceptions about Accounting

Accounting and Book-keeping are two separate things but because they both deal with financial data, these are sometimes used interchangeably. Although they appear to be fairly similar, there are some significant distinctions between the two.

Basic Accounting

Track your business expenses

When you are running a business, it is important to keep track of your finances. How much cash do you have in hand, how much it has been spent, how much more expenses are to be made, what transactions have to be made?

Basic Accounting

Fasten your accounting with olabooks

When you are running a small business, you do not have many people with/under you to get everything done efficiently in time. You have to do much of the work yourself. Some businesses hire people for every kind of work but that can cost them quite a lot. Same is the situation when you are running a large business.

Basic Accounting

Cloud-based Accounting Software

Cloud-based accounting software is defined as a scalable and elastic way of doing your accounting. You do not need to download any software on your devices for doing so. You can access your financial data online whenever and wherever you want.

Products

Accounting For Small Businesses

Accounting software is helpful to all kinds of businesses. It not only simplifies but also fastens data entry capabilities in a business. It reduces the chances of human error, reduces operational costs, and improves collaboration between departments through a centralized database.

Products

What are the biggest challenges due to paper-based invoicing?

Most businesses have revolutionized their ways of working by embracing electronic invoicing. But still, some business affairs have not taken up this technological advancement. In this consequence, they are lagging in all aspects of reformism.

technology

What problems do businesses face due to paper invoicing?

Paper invoicing has done severe damage to businesses, from negatively affecting their brand image to impacting the working capital of some organizations. It seems some firms are already working on these issues to prevent them from collateral damage. Here we are going to discuss some problems these businesses face.

technology

Importance of digital invoices from a business standpoint

It is no wonder digital invoicing has become the key concept for businesses to impact the world as the driver of digitalization. Nowadays, many firms are showing concern regarding the importance of digital invoicing. Let's discuss the significance of digital invoicing in the light of business perspective.

Products

How can digital invoicing help your business in the long run?

Digital Invoicing has become one of the prevalent topics in the business community and, it is a crucial step towards digitalization. The way businesses adapt to digital invoicing can help them flourish in the long run.

Basic Accounting

Tips for effective digital invoicing

Making an invoice is not much of a task nowadays because of the unveiling methods introduced. Businesses are now adapting to innovation thereby, keeping pace with the business world. Here in this blog, we will talk about the tips that will help your invoicing methods be hassle-free and effective.

technology

Difference between Digital invoicing and E-invoicing

Often a layman will consider e-invoicing the same as digital invoicing. However, both the terms and their way of working have noteworthy differences. Let's delve into the differences between digital invoicing and electronic invoicing.

Basic Accounting

Why is digital invoicing need of the hour?

As we all know, that our mother Earth is facing an environmental crisis due to our deeds. The rapid increase in cutting down trees has done damage to the environment.

technology

Save the environment with Digital Invoicing

Unfortunately, our environment suffers the most because of our unnecessary paper consumption. Do you know? Over the last 40 years, paper usage has increased to 400% and, over two million trees are cut down every day for paper consumption globally.

Basic Accounting

What are some demerits of making invoices through word and excel?

There is no doubt saying that MS Word and Excel have helped businesses a lot for their accounting needs as it is convenient to the user and simple to operate. Despite the platforms being user-friendly, there are some drawbacks too.

Basic Accounting

Loopholes of using outdated invoice procedures

Have you ever contemplated how your business can flourish if you stop using outdated methods for invoicing? Your business might be going great now, but in the long run, it won't survive. Don't put your business at stake by still using paper-based invoices.

technology

How are businesses evolving with e-invoicing?

E-invoicing is a commendable innovation in the business world and, it has evolved the means of how business work. The dynamic shift towards e-invoicing has flourished in many businesses. It has become an essential part of the everyday operations of a business. The convenience it has provided to the tech-savvy people has transformed accounting needs.

Products

Why is e-invoicing beneficial for your business?

Businesses that adopt advanced technologies are more likely to thrive in the long run because of the rapid response to modern techniques and innovation. Many questions need to be taken into account while adopting advanced technology, but most importantly, you begin to think about the values it must provide to you and your business. It is not an easy task to run a business, especially in this tech-savvy world.

Products

Benefits of e-invoicing from suppliers perspective

As we know, email or paper-based invoicing takes a longer time to appear on the AP system, and also the overall functionality level is low. Also, there is a risk surrounding that data might get lost during the process. Whereas the electronically derived invoices are much safer, and the data is stored on the workflow system. It reduces all kinds of delays and days of sales outstanding which would undoubtedly accelerate the payment cycle.

Products

How does e-invoicing work?

The emergence of new technological advancements has made life pretty straightforward. Gone are the days when sending an invoice was a long and complex process. Creating an invoice is a simple process and, in this blog, we will give an overview of how e-invoicing works.

technology

Busting common MYTHS about e-invoicing

It is the biggest misconception that businesses have come across about invoicing. Most of the time people, tend to think that sending invoices through e-mail is merely the function of e-invoicing. The shift from printing and sending invoices through the post to digitally sending through e-mail is e-invoicing. However, the PDF format invoices are not e-invoices. E-invoices are structured, formal, and reliable.

technology

Challenges faced in Traditional Invoicing

You must have thought the essentials for starting a business is that one should have enough or adequate resources, a reasonable business model, buying customers, and many more. But have you ever wondered how you could keep track of your records? And where can you keep the financial history of your business? Therefore, invoices are a necessary part of a business to keep it going. A legal document that’s given to the buyer from the seller to collect the payment. Basically, for all the record-keeping purposes.

technology

Traditional VS E-invoicing

The world of business is constantly evolving and, every day, we tend to see new digital innovations. They transform businesses to the extent where they can earn huge profits and grab more attention simultaneously, making the time count, reducing the everyday operational costs, and stimulating productivity.

Misconceptions about Accounting

Accounting is just Book-keeping:

Accounting is expensive

Accounting is for bigger businesses only:

Accounting is limited to old school accountants:

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How to Make Sure Your Biggest Clients Pay Their Invoices on

How Small Business Owners Can Collect on Unpaid Invoices fas

10 Common Invoicing Mistakes You Can Easily Avoid

10 Basic Invoicing Tips to Get Paid Faster

How Small Business Owners Can Collect on Unpaid Invoices Fas

How to increase profitability and minimize costs in a busine

How to grow your business?

How to improve finance and processing time by using E-invoic

Top 5 Accounting Software that is Beneficial for your busine

How are Book-keeping and Accounting different?

Accounting tasks that you can do yourself

How to cut your business expenses

Why is it important to track your business expenses?

Errors in Accounting

Track your business expenses

Fasten your accounting with olabooks

Cloud-based Accounting Software

Tips for effective digital invoicing

Why is digital invoicing need of the hour?

What are some demerits of making invoices through word and e

Loopholes of using outdated invoice procedures

Olabooks blogs

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How to Make Sure Your Biggest Clients Pay Their Invoices on Time

How Small Business Owners Can Collect on Unpaid Invoices faster.