Business

What is a cash memo? A cash memo is a document that is used whenever a transaction occurs between two parties. The transaction must occur in cash so that the memo can be used. In the case of the seller and buyer, the seller creates the memo and then gives it to the buyer at the time of purchase. In a business scenario, this memo is used as evidence that the purchase has taken place. The seller always makes two copies of this document. He keeps the original cash memo with him and sends a copy to the customer. How…

Working online is increasing these days. Many people prefer working online because it takes less of their physical effort and more of their mental energy. Furthermore, online work also keeps them up to date because it involves the use of computers and modern technology. What is an online work activity log? The online work activity log is used to keep track of all the activities that are performed to carry out online work. Importance of using the online work activity log If you are a freelancer whose job is to work online, you must use this activity log. When you…

The employee work tracking log is useful for employers because they can easily monitor the working of the employee remotely. The work tracking log is used by an employee also. Through this, he creates a picture of what he did on an entire day and what activities were involved in his duties. Why is the work tracking log used? Many employers use this log just to see the progress of work that the employee was assigned. However, some diligent employers also use this log when they want to figure out how productive the employee’s day has been. What are the…

We all buy many products now and then. We can’t keep track of the warranty for every product that we buy. The warranty of those products is required to be tracked that you have bought in recent times. People who don’t track the warranty of their products often get into trouble when they have to see determine whether they can claim the warranty or not. Due to this, it is recommended for everyone to keep track of the warranty of every single item that is a purchase in a specific time period.  Sometimes, we come across a situation when our recently…

A work estimate is an estimate of the work that a person is willing to do for an individual or an organization. When a person prepares a document of work estimate, he also includes the cost of that work.  Estimating the work can be a little tougher at times. Sometimes, the contractor puts so much effort but still, they are not able to estimate the work professionally. When it comes to performing the work estimate, it is very important to put the quality as well as professionalism together.  Contractors usually have experience working in a particular domain. Therefore, they are…

Special order pricing is a process or technique used by many businesses when they have to calculate the lowest price of the services or products at which they are willing to accept the special order. This technique also tells the lowest price below which a business never accepts the special order. It is called a special order because a business receives a special order from its clients and customers at a price that is usually lower than normal prices. A business never accepts a special order at a lower price than the normal price if it can sell its product…

What is a statement of account? It is a document that is used to outline the transactions an account holder has conducted from his account. This statement is issued by the financial institution in which a person has his personal account. In many cases, the statement of account is issued by the seller when he wants to document the transaction between him and his customers. What is the purpose of using the statement of account? There are many reasons why people use the statement of account. Some of the common reasons are For calculating the outstanding balance in the account…

Sellers of different items and services quote the price of the items they have to offer. The quoted price is for customers who are interested in buying those services and/or products. It should be remembered that the quoted price is subject to terms and conditions. The price quoted by the seller is a fixed price that cannot be changed once the customer accepts it and shows his willingness to buy the products or services at the quoted price. How does a price quotation work? Usually, a customer demands that the seller quote the price of the items he has to…

When someone wants to borrow money to get a house, he should determine how much he can afford to borrow. For this purpose, the borrower as well as the lender conducts the research and checks how much the borrower can afford. To check the qualification of the borrower, a mortgage qualification worksheet is used.  What is a mortgage qualification worksheet? A mortgage qualification worksheet is a calculator that helps a person or an institute determine whether or not the applicant qualifies for a house mortgage. When a person qualifies for the mortgage, then it is just how much he can…

Companies that need to analyze the data often use different tools that help them analyze the data by representing it in various forms. Many people believe in seeing the data by representing it in the form of graphs so that they can understand lots of things related to the data. What is a run chart? A run chart is a type of graphical representation of the data that helps a company in visualizing the data based on time. When it comes to determining the stability of any process and thinking of actions to be taken to make these processes successful,…

Everyone loves a vacation. Therefore, every organization allows its employees to go on vacation once or twice a year. The vacation refreshes the mind of the person when he gets a break from the tedious work.  Any person who is sick and tired of his daily routine can choose to visit a refreshing area to re-energize himself and to fill his life with happiness and enjoyment. Although going on vacation is something everyone loves, some people have to give it a second thought when they have to enjoy the vacation with a limited budget. Such people are required to stay…

Sudoku is a puzzle game that is based on logic-based strategies. In this game, the player has to perform the placement of the numbers based on logic. Sudoku is a Japanese word that means ” a single number”.   How to play Sudoku? Sudoku is a very interesting game. It becomes a mental exercise for many people when they focus on placing a number in the right grid. The basic objective of the person playing this game is to fill 9×9 grids with different digits in each row and column that each row and column gets all the numbers from 1…

Every company focuses on the organization of everything done. There is always a need to keep the data organized and then use it later on. It is also essential for an organization to keep track of all the data. Sometimes, there are lots of employees working in the organization. It is the basic requirement of every company to keep track of every employee regardless of the number of employees working in the organization. However, keeping track of each employee becomes difficult when the number of employees increases What is an employee’s timecard? An employee timecard is a document that is…

The future is unpredictable. Prudent people plan everything around it which enables them to change the gears and take necessary steps whenever it is needed. Every business conducts sales forecasts. However, conducting the sales forecast is extremely important for a small business than a large enterprise. A small business will be able to access all the sales opportunities available to it. What is a small company sales forecast? A sales forecast is a process used by every business to project future sales. A small business needs to forecast the sales so that it can know about the potential sales of…

A salary certificate is an essential form of documentation that is meant for working employees. This is needed to be used extensively for financial purposes by the banks.  At the time when an employee is approaching ahead for any sort of car loan or even for housing loan purposes, the banking system will first inquire about the repayment capacity of the borrower. Most of the banks are completely relying on the salary certificate which is issued by the side of the employee head department. The salary certificate format should be based on the below-mentioned major elements: What is the main…

Cover pages are also known as title pages. They are typically known as the very first page of your assignment, which is based on fundamental as well as general information. This information will be including the name of the author as well as your main topic, along with the name of the publisher, publishing date, and edition.  This cover page will generally be acted upon as the first introduction to your work. It can be different from other person’s work, depending on the assignment or the topic they are covering. The cover page of an assignment is the main requirement…

Any company needs to advertise itself so that people can learn about it. The same is true for a software company. A software company develops and distributes computer software that can be employed to understand, instruct, assess, perform, entertain, and calculate different tasks. What is a Software Company Newsletter? A software company newsletter advertises and communicates fresh ideas and events to subscribers. Therefore, it can communicate with businesses in this way. What to Include in a Software Company Newsletter? If you need to create a software company newsletter, you can consider the following points: Advantages of the Newsletter: The advantages…

As the name suggests, a promissory note is a written promise or a written agreement, like an IOU, that is drafted at the time of borrowing money from someone. In this note, a borrower makes a promise to pay the money back to the lender at the pre-decided time, at the pre-agreed interest rate, and with the predetermined repayment schedule. The promissory note for a personal loan is written evidence, which is usually used when a lender is lending to a relative or a friend. When an individual borrows from a bank, it involves many legalities and often takes a…

Working from home has become a very common practice. Millions of people across the world are working from home and earning a lot. The world is facing a lot of financial crises, due to which many people have thought of launching a home business. Many people think that starting a home business and working from home is very easy. However, it is very hard to even start a home business. The profit earned from the home business is not immediate and is not easy to earn. One has to work with diligence and hard work to be successful. Tips for…

When you want to analyze the home business market, you can use the template to help you get information about the market. How to conduct the Business market analysis? It sometimes seems to be very overwhelming to write a business plan for the home business market. However, if you want to conduct the analysis, it is an easy job. The purpose of the market analysis is to get information about the market as much as possible so that you can act according to the market to boost sales. For a better analysis, one needs to focus on the potential customers…