InvoiceBerry Tips for for Freelancers & Small Businesses The 6 Worst Small Business Accounting Mistakes | Page 6

3. No payments received Receivables, in accounting lingo, are crucial for accurate bookkeeping: • it’s very important for determing cash flow • helps you keep accurate payment records • very important for your tax purposess In order to record payments received, you’ll best use InvoiceBerry’s online invoicing software to quickly add payments from anywhere at anytime.