Invoice faster, get paid quicker in 2023

Clock and coins symbolising financial growth over time.

It’s 2023, and it’s more important than ever to stay on top of your payments process. If you’re like most businesses, you’re likely sending invoices by email, but this can lead to delays. In fact, Stripe takes an average of 2 days to get you up and running! That’s why we recommend using Turbo Inventory in conjunction with Stripe: Turbo Inventory is a lean ERP system that automates invoice payment…

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Customer ABC Analysis and Customer Value

Income percentages by product groupings.

The customers of your business are not equally profitable. For some, intensive care is valuable for others less. The value of a customer is determined in order to distribute the support costs to the right profitable customers and to achieve long-term profits. Turbo Inventory automatically calculates your Customer ABC Analysis. The Customer ABC Analysis classifies the customers into A, B and C customers. This breakdown is based on the profit…

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How do I create a VAT only Purchase Invoice?

Invoice table with VAT and totals summary.

With Brexit a lot of customers are trying to deal with VAT only Purchase Invoices for the first time. This is where Turbo Inventory comes to help. This post goes over how easy it is to record a VAT only purchase invoice and in Turbo Inventory: VAT only purchase invoices typically come from freight shippers or Customs and relate to the VAT for goods previously imported.  They usually relate to…

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