The strategic importance of billable expense income

As a freelancer or small business owner, you always have to monitor your income. It fluctuates due to a variety of factors. You need to pay extra attention to the invoices you issue. You must also have control over your expenses (project-related on not) and the payments you receive. It’s not always an easy thing …

Irene Kalesi in Accounting

How to politely ask for a payment with email samples

As an experienced entrepreneur or an Elorus blog follower, you know how to streamline your invoicing and billing process. You know how to write up an invoice, how to send an invoice email, and how to structure your payment terms to protect your business. However, clients who cannot pay you on time will come your …

Irene Kalesi in Payments

Late fees to clients: To charge or not to charge?

It’s never easy to hunt down your clients to get paid for the work you have done. It is financially damaging and psychologically burdensome. This is the late fee’s cue to enter the scene. But do you know which is the typical late fee for invoices and when to use it? Or how much can …

Irene Kalesi in Invoicing Tips

Work from home with Elorus during the COVID-19 crisis

It’s true that this is the time to stick together like never before. The COVID-19 epidemic brought about waves of unprecedented changes that the majority of today’s workforce has never experienced before. That is the reason that every freelancer, small company, or creative agency, working from home, should take full advantage of the benefits that …

Irene Kalesi in Business Tips

How to write a project proposal: Expert advice for freelancers

Arguably, the business market is a wild world. Competition is relentless. So, professionals should find ways to secure their chances of getting the job. Freelancers that have been around for a long time know it firsthand, and newcomers come to realize it soon enough. The best method of increasing the likelihood of getting more clients …

Irene Kalesi in Freelancing

5 pieces of advice to improve your self-accounting skills

Many people, beginning their journey into the business world, dread the word accounting. For those who haven’t had the chance to plunge into the numbers and figures of business operations, all those invoices, payments, payrolls, and financial terms may seem a little daunting. However, basic accounting skills are nothing close to quantum physics. If you …

Elorus Team in Accounting

The tax deduction list for self-employed professionals

Being self-employed comes with benefits and drawbacks. For many, taxation is one of the latter, but it doesn’t have to be. There are various ways to achieve the much-sought tax deductions that any independent contractor wishes for. Freelancers, startup businesses and SMBs can proceed to job-related expenses deduction. Those expenses should be necessary and relevant to your field of business. To mention …

Irene Kalesi in Freelancing

The work from home (WFH) policy: A guide for first-timers

During this coronavirus epidemic, many companies have decided to send home most of their employees. The work from home policy aims at securing their workforce’s health. However, not all companies have incorporated the WFH (work from home) option in their everyday business routines. Therefore, this brings many professionals on the verge of an unprecedented situation …

Irene Kalesi in Productivity Tips

Smart tips to list freelance work on your resume

Building the perfect freelance resume is essential to your professional career. Updating it with all your new business experiences is equally imperative. Regardless if you are an independent contractor on the lookout for new clients or a professional transitioning from the land of freelance to the traditional 9 am to 5 pm, you need to …

Irene Kalesi in Freelancing

Net & other typical payment terms for contractors and SMBs

Ηaving and keeping the total control over the invoicing process from the invoice creation and emailing to the eventual payment is critical. Not only for your cash flow but also for your professional reputation. The choices you make regarding the payment process matter. Planning well before setting the invoice due date is crucial. That is …

Irene Kalesi in Payments