Author: chikaofili

Sales Order vs Invoice: What’s the Difference?

In business transactions, several documents play pivotal roles in the order-to-cash process. Two key documents are sales orders and an invoice. While they might appear similar, they serve distinct functions in the sales cycle. This article will dissect the differences between sales orders and invoices, explore their purposes, and uncover the steps to create them […]

How to Calculate Net Profit: A Complete Guide

As a retailer or wholesaler, understanding your net profit is crucial for making informed financial decisions and assessing the overall profitability of your business. In this comprehensive guide, we will walk you through the concept of net profit, its significance for retailers and wholesalers, the formula used to calculate it, and how Vencru can simplify […]

[Guide] How to Use Sales Promotions to Boost Your Retail Business

[Guide] How to Use Sales Promotions to Boost Your Retail Business This downloadable guide explores different types of sales promotions, including discounts, coupons, loyalty programs, and flash sales, and explains how retailers can use these promotions to drive sales. The guide provides tips on how to set clear goals, choose the right promotion, promote it […]