Business

A purchase order is a document that a buyer creates when he wants to purchase something from the seller. Just like you place items to be purchased in the cart while shopping online on an e-commerce website, a purchase order can be used to place orders. Buyers take it as a legally binding agreement between the seller and them which binds the seller to sell their products to the buyer as specified in the purchase order. What is the purpose of using the purchase order document? Usually, a purchase order is used when the order of products in bulk is…

A home renovation is exciting but costly as well. The costs can add up fast and even exceed your expectations. To help you keep track of the expenses, you can set a budget. A home renovation and decoration budget sheet can help you out. What is a home renovation and decoration budget sheet? A home renovation and decoration budget sheet is a tool that can aid you in outlining the potential expenses connected with a renovation project. It allows you as well as the client to have an idea of everything you require before starting a renovation project. Home renovation…

Planning a wedding is no easy task. This is especially true if it is your daughter’s wedding. There are many expenses that you will face and it is easy to go beyond your budget. This will cause stress and complications. Therefore it is a good idea to plan the wedding by creating a daughters’ wedding budget sheet. What is a daughter’s wedding budget sheet? A daughter’s wedding budget sheet is a tool that the mother of the bride can use to let her get an idea of the expenses that will be incurred for her daughter’s wedding. It will help…

As the weather makes a shift from one season to another, we need to be ready for this switch. The onset of the summer season develops an urge in us to buy clothes and other accessories that can help us survive the scorching heat of the summer season. So, all of you gear up for summer shopping. What is a summer shopping worksheet? Whenever you are in the market to buy clothes and other stuff to welcome the summer season, you must be having a fear of spending too much here and then having to compromise on several other areas…

Almost everyone wants to throw a memorable birthday party that no one forgets. But, there comes a time when we are struggling due to a financial crisis, and a birthday comes our way. Organizing a party on a budget that perfectly fits your finances is normal and acceptable. What is a birthday budget worksheet? A birthday budget worksheet is an amazing tool that helps a person plan and keep track of all the expenses related to the birthday event. When people have a tool like a worksheet to use, they become more conscious, and this way, they control their expenses.…

On the arrival of festivals like Eid, people get so excited about the celebrations. Every festival has its own charm and related traditions. It is very common to see a surge in Eid shopping every passing day. Due to this, many of us end up spending more than required and when we see we have broken our bank, it makes us regret it. To prevent this situation, we all should plan our Eid shopping and spend prudently.  What is an Eid shopping worksheet? It is a tool that is used for planning and keeping track of expenses someone makes in…

Keeping track of everyday expenses is critical for small businesses’ financial planning and budgeting. Daily expense reports are an efficient method to manage finances and monitor expenses regularly. For this purpose, businesses employ a daily expense report sheet, a document that records and tracks the daily expenses of the firm. How to make an expense worksheet? A basic spreadsheet software program, such as Microsoft Excel or Google Sheets, can be used to make the daily expense report worksheet. It can be tailored to the specific needs of the company. Some businesses may require more comprehensive information, whereas others may only…

Automobiles run on energy derived from the combustion of fuel. Fuels are of different types and different automobiles have different requirements for fuel based on their functioning. Fuel provides enough energy to travel a designated distance and then it needs to be replenished. Vehicle mileage refers to the kilometers traveled by an automobile at the expense of one liter of fuel. It is used to track the efficacy of the fuel in accordance with the functioning of the automobile. Furthermore, fuel consumption refers to the usage of fuel because of its use for running any automobile. These terms are coined…

Employees are paid for the work they do. The payment is paid to them through a paycheck which is a clear sign that the employee is being compensated for the time and effort he has invested in. The payment through the paycheck has also been named the salary or wages of the employee.  When there are so many people working in an organization, a company looks for a smooth working of the system. Managing more people becomes a challenge especially when there is no such tool that you can use to handle your day-to-day tasks. Those who deal with the…

A personal ledger is a book or file in which records of money are kept. It keeps information regarding all the debits and credits in one place and makes it easy for people to look at a time whenever they want. A personal ledger statement is a document that shows information about money received and paid. Depending on the individual user, it can be simple or very complicated. What is the purpose of the personal ledger statement? As the name suggests, the personal ledger is a document that keeps the records of the individual. This statement focuses on a person…

No matter in which field you are working, it is crucial for you to manage your time well. Time management is an integral part of the human personality that decides whether a person will be successful or not. What is a controllable time worksheet? A controllable time worksheet is a spreadsheet document used to calculate and track a person’s working time, which is the production time that a person does at the workplace. Not all workplace time is productive. There are many distractions that impede the growth of the company and the employee. To prevent wasting time and consume most…

A real estate commission calculator is a tool that is used to calculate the total amount of commission that a sales agent will get in the form of a fee. When a real estate agent helps the property owner by convincing a buyer to buy that property from the owner, he gets the commission. There is a specific percentage of commission that every real estate agent deserves to get. This percentage of commission varies from country to country. When you have to pay the real estate commission you must find out how much you are required to pay.  It should be…

Keeping track of visitors in a place has become important due to security concerns. Gone are the days when sensitive institutions would monitor visitors. These days, all businesses, whether small or large, try to ensure that visitors are monitored, and this is done for a variety of reasons. What is a visitor entry register? To determine how many people are visiting a particular area, a register is used, commonly known as a visitor’s entry register. This register is a type of worksheet in which data regarding visitors is put. How to use the visitor entry register? It is very easy…

A cash memo is a formally used document by sellers because they want to keep track of all the sales they have made through cash. There are different ways to pay the bill the customer receives as a result of his purchase. Some customers choose to pay via card either debit or credit and others choose to pay in the form of cash. The transaction through the card is automatically documented. However, keeping a record of the cash is a challenge. A cash memo is used to hold the record of all the money that a seller receives in the…

The information on profit and loss is very important if you want to know whether your business is making progress or in the phase of recession. If you want to make your business successful, you cannot ignore the profits and losses it goes through. It is a document that gives a complete description of income expenses, and total earnings to see the progress of the business. Sometimes, you don’t need to get a separate statement outlining losses and profits. Rather, a simple income or account statement gives you information about both aspects. However, if you want to remain more focused,…

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…