Business

The purpose of designing a sales report is to get a deeper insight into the sales-related activities of your company, and this helps people figure out what they can do in a different way to see different and more desirable results. Whether you are running a restaurant, a grocery store, or any store where you conduct sales, you will always need to generate daily sales reports. A business cannot succeed if it does not pay attention to its sales. The number of sales determines the total revenue a business generates. So, keeping an eye on daily, weekly, and monthly sales…

Business activities and operations cannot be effective without good communication and coordination. There are a number of stakeholders involved in a business organization. Starting with a customer, employees, and suppliers to regulatory authorities, alliances and partners. All these stakeholders need to remain in constant communication with each other so that their coordinated efforts can lead to a synergized outcome and accomplishment of goals. Meetings with people are one of the key methods to communicate and converse. It is direct contact between people where they not only exchange ideas and thoughts but share information and documents. But it is important that…

A tender is another name for helping a business obtain a new business opportunity. Unlike bids, tenders are usually on the buyer’s side. Some people also consider a tender a proposal because they make an offer to buy some products or services from them. What is a tender proposal? A tender proposal is always written in response to a company’s request for proposal (RFP). In this proposal, the buyer generally expresses his interest in expanding his business by working with you. Who writes the tender proposal? Entrepreneurs interested in expanding their business usually draft a proposal to gain more clients…

You must be fishing for an opportunity to write a tender proposal and you might be thinking writing a bid is a piece of cake. However, when you practically start writing a proposal for a targeted tender procedure, you realize that it is hard to write a proposal that stands out. No matter how challenging it is to write a proposal, you can never get a new contract unless you put down a professional-looking tender proposal. How to write a description in the proposal? Everyone knows details are required to be mentioned in the proposal. However, still, they don’t do…

I am writing this letter to seek your approval for switching departments within the company. I have been an integral part of the company for 7 years and have been serving in the capacity of a manager leading a team of 5 individuals. We strive to provide excellence in every project to contribute fairly to the company’s progress. After graduation, I joined this company as an intern, but I didn’t leave even when my time was over. I continued working hard and secured a position in the following department as an assistant. Later, because of my determination and passion, I…

Many organizations are unable to fulfill their hiring needs because sometimes the skill, they are looking for is rare. Sometimes, it is difficult for a company to meet its hiring needs because no applicant qualifies for the post in the company. In this situation, a request for a proposal is submitted. In this request, those companies who can help the organization fulfill its recruitment needs are asked to come forward and offer their services through the recruitment proposal. What is the hiring proposal? Just as any other proposal, this proposal is also used to offer your services to someone who…

A product price list is a document that documents the prices of various products. It lists all the products that your company sells, along with their prices. Why do we need a price list? Different sellers use the price list to exhibit the prices of different items. They usually hang the price list on the wall so everyone can easily see it. These days, sellers are using a digital product price list. Whether you need to use a hard copy or a soft copy of the price list, it is always advisable to use it appropriately. When we use a…

Tickets are necessary for many activities. When wanting to travel by air, train, bus, you need to buy a ticket. If you want to enter someplace like a movie, carnival, show, etc., a ticket is required. Therefore, this is an important document that has to be made carefully depending on what it is being created for. What is a ticket? A ticket tends to be some document that allows the holder a particular right, to enter someplace, travel via public transport, take part in an event, etc. Some places only allow admission to those who have a ticket. Importance of…

A salary slip, also known as a payslip or paystub, is an official document issued by an employer, finance, or payroll officials, to an employee for providing details of a salary breakdown. It contains complete information on the employee’s earnings and deductions for a particular month. The employer is obliged to issue a payslip to all of the employees, either in a printed or online form. Verification of employment… A salary slip not only verifies the employee’s employment but also documents the earnings of the employee, thus helping in record-keeping for the employee’s personal file. A salary slip could be…

Meeting minutes are a record of a meeting noted during the meeting and reported after the meeting to the concerned people. It is a formal document including the basic agenda of the meeting, mentioning the participants of the meeting along with the summary of the actions and decisions taken and assigned during a meeting. A meeting minute template includes sections divided according to the requirements of the meeting minutes being noted. The templates are of various types depending upon the type of the meeting, but most include the basic meeting sections comprising of agenda of the meeting, the respective speakers,…

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? A statement of account is a document used to outline the transactions an account holder has conducted from his account. It is issued by the financial institution in which a person has his personal account. In many cases, the seller issues the statement of account 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 What should be included in the statement? In order to…

A service price list is a document in which a service provider includes the list of services he provides and the cost of each service. This price list is designed for customers and clients who want to know the cost of services so that they can decide whether to use them or not. Importance of service price list Designing the service price list can sometimes determine a business’s success. When a business wants to evaluate its profit margin, it can create a service price list. Creating the service price list is undoubtedly the main element of any business’s marketing strategy.…

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…