Following the steps outlined in this article, you can soon be on your way to a smooth and speedy billing process. This method means you don’t need to remember to chase payments and gives clients the gentle nudge they might need if making payment has fallen off their radar. If you’re using Toggl Track, you …
How to bill a client: An easy agency guide to payments Read More »
On the income statement, the gross profit line item appears underneath cost of goods (COGS), which comes right after revenue (i.e. the “top line”). If you offer discounts for bulk purchases, this can affect your gross profit percentage as volumes change. While gross profit is a useful high-level gauge, companies often need to dig deeper …
Gross Profit Margin Ratio Formula Percentage Example Calculation Read More »
In case you’re spending too many resources on a task or project, the option to set budgets in Clockify will give you a detailed insight into how you can better balance those resources. As a result, you’ll make informed decisions about future bids to clients and your internal cost calculations. The Importance of Segregating Costs …
Manufacturing Costs: Types and Cost Calculation + examples Read More »
Goods in transit are not the problem for local sellers, as the time of delivery is short and mostly the seller will take full responsibility until the buyer receives the package. However, international trade is another story, the goods may spend weeks on the ship, so they have to know exactly who takes responsibility for …
