Business knowledge base.

Confused about which document to use? Here is a simple guide to understanding your business paperwork.

• 01Quotations (Estimates)A Quotation is a document you send to a client before you start working. It tells them exactly how much you plan to charge for your goods or services.+
• 02InvoicesAn Invoice is a formal request for payment. You send this after you have delivered the goods or finished the work (or reached a milestone).+
• 03ReceiptsA Receipt is proof of payment. It confirms that you have actually received the money from the client.+
• 04Payroll (Payslips)Payroll is the process of paying your employees. A Payslip is the document given to staff showing how their final salary was calculated.+
• 05Financial RecordsFinancial Records track your Cash Inflow (money coming in) and Cash Outflow (money going out). It is the health monitor of your business.+
• 06BudgetsA Budget is a financial plan that sets spending limits and income targets for a specific period — weekly, monthly, quarterly, or annually. It helps you control where your money goes before you spend it.+
• 07InventoryInventory is a real-time record of the physical goods or products your business holds in stock. It tracks what you have, how much it's worth, and when stock is running low.+