Your sales prices are values you consider sufficient for a product or for a service to cover expenses made directly for the sellable unit and to also cover for those general expenses not related to production or providing the service (your company\u2019s administrative, marketing and other expenses).\u00a0<\/p>\n
It\u2019s extremely important to price your goods and services accurately so to ensure that you\u2019re not ending up with losses from your operations. It is one thing to earn gross profits (that is you\u2019re covering your direct expenses), but you\u2019d also want to ensure that you\u2019re earning operating profits (that is you\u2019re also covering those indirect expenses you make for administrative or for marketing purposes for an example).<\/p>\n
As such, when we talk about controls over revenue and receivables, it\u2019s important to ensure that your sales prices are kept up-to-date and that your customers are charged with the most recent and agreed sales prices. Again, it\u2019s just step number one to update the prices, and another step to ensure that you apply updated prices to all new invoices.<\/p>\n
Make updating sales prices and invoices your number one priority!<\/p>\n","protected":false},"excerpt":{"rendered":"
Your sales prices are values you consider sufficient for a product or for a service to cover expenses made directly for the sellable unit and to also cover for those general expenses not related to production or providing the service (your company\u2019s administrative, marketing and other expenses).\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-5312","post","type-post","status-publish","format-standard","hentry","category-2-8-revenue-and-receivables"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=5312"}],"version-history":[{"count":1,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5312\/revisions"}],"predecessor-version":[{"id":5313,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5312\/revisions\/5313"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=5312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=5312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=5312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}