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Why Proforma Invoice is essential for any Business

A Proforma invoice is a preliminary bill of sales sent to the client before completion of works. It is considered to be a commitment to goods or services that are to be delivered yet. It lists all the work that is left to be completed and knowing the prices that are being charged to goods and services. It is not an invoice but is made for accounting purposes needed either by you or the client.

You can prepare proforma invoices using Invoice Office as it offers easy billing systems along with time tracking of projects. The software is always available along with tax returns and business reports. You can make your invoices using the brand logo and image.

Purpose of creating Proforma invoices

The process of Proforma invoices is the streamlining of businesses and sales. After sending the invoice, the customers accept and agree to the price after which you send the goods and services. It helps in creating a good faith for estimating what the customers want and what they are expecting. Some other uses of these invoices are listed as under:
● It is sent for declaring the value of goods and services to the customers for ensuring the smooth delivery process.
● When you don’t have details of commercial invoices, then Proforma invoice comes to rescue at that point
● Some clients also use it for making any kind of internal purchase approvals. These are most often used for trade exports and import transactions.

Can proforma invoices be used for making payments?

By making these invoices using the Invoice Office, the accounts payable department can be used for issuing payments regarding advance to an actual document. It helps in avoiding any kind of misunderstandings for owing any kind of amount. After completion of the job, proforma invoices also have a reference number that can be added to the standard invoice for avoiding any kind of duplication of payments by the clients.

Benefits of these invoices

● It also serves as a pre-legal binding agreement
● It helps in the inclusion of all relevant and useful information anytime the client wants it
● It helps in tightening of sales to customers
● It helps in taking a great and final step towards sales
● It helps in minimizing errors and checking them

When to use the proforma invoice?

It is the first export document that you will make while making goods and services. It acts as a voluntary document and is used by businesses for exporting purposes. This invoice is made before the sale happens. This is the first document shown by the seller when the purchaser expresses for buying of goods. The final amount is also stated in the pre proforma invoice.

These invoices are sent for declaring the value of goods and services with regulatory services like customs, etc. So what are you waiting for? Visit www.invoiceoffice.com for dealing with these invoices and selling your goods to customers. You will not find anyone more reliable than this!
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Instagram posts are an incredible way to connect with followers and create new leads. One of the advantages of overfeed posts is that we can add links to them. In the past, Instagram only allowed us to add a clickable link in the bio. Understanding Instagram's features are so crucial for marketing. For marketing, executives use Instagram to grow companies' brands. Instagram is one of the enormous gifts to social media. In 2019 Instagram stats, the platform has over one billion monthly active users. Among them, 60% of products-discover through it. Today we will talk about how to add a link to the Instagram post. I am going to share a few steps to clear your doubts. It is free to upload multi-scene posts by selecting videos and pictures from a massive gallery. ● First, Take a photo and upload an image to your post. ● Then go below in the middle of the screen of your Instagram homepage. ● Tap +URL ● Type in the URL of the website you like to link. ● Go to the upper right corner of the screen and tap Done. ● Adding a NON-clickable URL in each content using apps that enable adding a link. Changing the link in the bio each time, we post something new with the complication of Having to edit the content to send users to that URL. The link in the social media bio is like a mystic gateway. You can utilize it to upgrade your content. You can also use it to achieve traffic to your blogs. We have a bone to grab with some social media platforms. Their linking options change businesses and marketers' life like a nightmare. Now let's know one of the most prominent bio link tools. Link book. Bio: Link book is the best bio link tool in this modern age. There are Lots of best quality features available for attractive and unique structures to display wonderfully. It gives life to links. It runs more traffic and adds conversions with animated links and images. Linkbook.bio provides numerous links in one bio link for Facebook, Instagram, Tiktok, Twitter, or anywhere on the web. The tool allows you to choose from Miscellaneous fonts, styles, and layout themes. You can add button text, images, title images so much more to create your social bio link more appealing. Users like links for their versatility. If you are looking to build daily promotions, social profiles, recommended books, or product pages, then a link book tool can be your best choice. elink.io: elink io is a rebellious tool that offers you the vastest choice of visually and stunning fully responsive layouts for your social bio link. There is a format for business, brand, influencer to make your content crack, wobble, and stand out. People Can add product links, affiliate links, articles, brand pages, YouTube videos, music tracks, etc. We tried to submit the best bio tools and link adding process to help you. We hope this post will help you enough.
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All people have an equal right to enjoy the modern benefits of technologies. After time-consuming research; I have concluded that buying a fridge on installment is the best way to own it. So, I would suggest you always buy a smart fridge. As they consume less electricity and offer more than old-fashioned fridges. Hence, if you invest heavily in them; you easily save more!
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How to Save Costs on Custom Software Development for Startups
The article was originally published on Codica blog Building a software product from scratch may seem costly for a startup on a small budget. In reality, expenses vary significantly depending on the solution, experience, and your partner's team. In this article, we will discuss our key findings to bring down the cost of software development. 1. Create a detailed business plan Be clear about the main objectives you ultimately want to achieve. Bear in mind the wide range of business goals based on your particular product. To begin with, define who your target audience is and set a pricing strategy. Who are your competitors? What advantages do you have over them? To achieve success, you have to dive deep into the details. As you write down each of the elements, you will be able to reach the finish line more quickly and easily. This approach will also highlight areas where cost reduction is possible. An example below by Instamojo depicts essential elements that a business plan should include. As all elements have been set, the question of progress tracking arises. Use the right key performance indicators (KPIs) and metrics that reflect startup dynamics. You have to stick to the indicators that are meaningful for your startup. If you’re not sure about the best starting point, you could begin with the following KPIs: * Customer Acquisition Cost; * Customer Churn Rate; * Customer Lifetime Value; * Monthly Recurring Revenue; * Daily Active Users. Read also: How to Build a SaaS Startup in 10 Smart Steps 2. Build an MVP first By the time you have summed up all plan details, you can take a look at the minimum viable product. It may cost too much for some startups to build a fully-featured product at once. For this reason, you need to know what level of “minimum” is ok for your MVP. Since an MVP has only basic functions, developers will need less time to deliver measurable results. Consequently, the development part becomes less expensive. Importantly, in this case the users will adopt your solution much earlier. Apart from the cost reduction, a huge benefit of building an MVP is shorter time-to-market. Proof of Concept vs Prototyping There are two more things we would like to mention in this section, namely the proof of concept and a prototype. Let’s take a look at the differences between those terms. Both of them describe a version of your future product, albeit in different ways. Proof of Concept (POC) describes whether you can realize the idea or not — it’s a test of certain functions. This is where you need to step aside from such frills as performance and usability. A prototype, in contrast, offers you a graphical presentation of the final product. It gives you a basic idea of crucial design elements, including layout and navigation. In our examples below, you can see the prototypes built-up by Codica. The first one is an e-commerce prototype selling online courses for children. The second prototype is for a trailer marketplace. Read also: Minimum Viable Product vs Prototype: What’s Best to Validate Your Business Idea 3. Start testing as early as possible You can reduce app development costs by avoiding the need for redevelopment. It is recommended that software is tested at early development stages. Otherwise, you can risk accumulating bugs, which will need a considerable budget to get fixed. Performing regular tests, in contrast, will allow you to fix all emerging errors. Another thing is that continuously reworking the project will delay the release date. Thus, ignoring the test results at the early stages can turn out wrong. For example, you risk skipping the right timing to attract customers. Speaking of testing, we have to underline the importance of early adopters. The sooner you reveal your MVP to the audience, the faster you will get valuable feedback, and use it to develop a full-featured product. You may also like: How to Calculate the Cost to Build a SaaS App in 2020 4. Use the Agile approach The strongest side of the Agile methodology is that it leaves room for a rapid turnaround. Thus, it's possible to add new features to an ongoing project with no delays or extra expenses. In our experience, the Agile approach is the best one for startups because it is: * Flexible * Cost-effective * It helps mitigate risks The Agile approach ensures that your partner works only on the required functionality. A product manager, for its part, bridges the gap between the development team and a client. Overall, Agile deepens the collaboration between the software developer and a client. As a result, you increase your chances to complete the project on time, on budget, and with high-quality results. 5. Hire a proven software company Now It's time to think about a dev team that will provide you with a software solution for a startup. You may go for sourcing freelancers. It's getting easier every day due to a large number of freelance marketplace websites. But keep in mind that it has certain risks. For example, the low hourly rates can lead to the poor quality of services. Alternatively, you can build an in-house development team. In this case, you will get high engagement. Still, this option can be fairly pricey. When creating an in-house team, be ready for the following expenses: * Salaries and compensations * Software licensing * Taxes * Holidays and sick leaves * Hardware Finally, partnering with a company experienced in software development for startups helps you reduce many expenses. You don’t have to recruit, train, and retrain software engineers. Similarly, there's no need to deal with downtime costs or finding an optimal replacement. If a development agency provides full-cycle development services, their team will include developers, UI/UI designers, project managers, and QA engineers. Therefore, they will be able to cover all your needs on custom product development. What is more important, specialized MVP development agencies have accumulated expertise of building multiple Minimum Viable products. Which means that you will get not only the product itself but recommendations based on best industry practices. As a result, this team will help create your MVP within a short timeframe and reasonable budget. How can Codica help Case study: Babel Cover App Since 2015, Codica has been offering a wide range of services to help startups to thrive. Our expertise in transforming ideas into final products includes full-cycle application development. Take a look at one of our many projects, an insurance progressive web application. Codica built an app for Babel Cover, an early-stage startup specializing in digital insurance. The solution we delivered allows users to quickly and easily purchase the insurance right from their smartphones, as well as report an incident. As already mentioned, the application created is a PWA. It is cross-platform, which helps the customer save time and budget instead of building two separate Android and iOS apps. Conclusion Custom software building can be challenging. It is, however, not a stop sign if you find a development partner that suits your project well. Hopefully, the tips we have uncovered will be impactful to your future startup. Here at Codica, we enjoy meeting complex challenges specific to the startup context. Do not hesitate to ask our specialists about your projects and get a free quote.