Documentation is vital when lending money to people and businesses. A promissory note is an example of such documentation. It is a written promise by the debtor/borrower to pay back a specified amount and any applicable interest fees under defined terms of payment. Examples of payment terms include a predetermined …
Preparing and issuing receipts is an essential part of most businesses. As a business, you will need receipts to organize your financial records. They will help you identify the items you sold and the money you earned as payment from clients. On the other hand, customers will need it as …
A termination letter is a formal communication informing an individual or party that a business relationship, employment, contract, or agreement is being terminated. This letter can be written when dismissing an employee, canceling a lease, terminating an insurance policy, or ending a business contract between a client and contractor. It …
An essential aspect of any business that is crucial to the success of freelancers, self-employed individuals, contractors, and other businesses is the writing of bid proposals. Since drafting a proposal for a bid is difficult, you must distinguish yourself from the competition as a bidder by developing an attention-grabbing bid …
An event planning checklist is a list of tasks that need to be completed to plan and execute an event successfully. It is helpful when organizing and managing the various tasks and details that go into running a successful event. It helps to ensure that all necessary tasks are completed …
Peer evaluation is a process that enables you to give an honest assessment of your colleague’s performance. It is an activity carried out by one or more individuals who occupy jobs of the same level in an organization and belong to the same teams or departments. Peer evaluation is also …
A reference letter is typically written to vouch for an individual’s skills and expertise in a particular field. Traditionally, these letters were used for job and school applications. However, they can be used when applying for tenancy, loans, scholarships, visas, etc. Generally, the letter must be written by someone who …
A sign-up sheet is an online or physical document that allows people to sign up for an event or activity. It also allows organizations to collect contact information about prospective clients to fine-tune their marketing strategies. The sign-up sheet can be used for infinite reasons, such as to gather information …
A termination letter is a formal communication informing an individual or party that a business relationship, employment, contract, or agreement is being terminated. This letter can be written when dismissing an employee, canceling a lease, terminating an insurance policy, or ending a business contract between a client and contractor. It …
A lease termination letter is a document written as a formal notice of terminating a lease agreement. It is written by the tenant or landlord, whoever wishes to end the lease, to the other party in the lease agreement. The letter is a legal document that protects the sender from …
A permission letter is a formal document used to ask permission from a higher authority for certain requests to be fulfilled. The requests may include asking for a leave, attending an event, going on a trip, or requesting access to certain documents or information. To ensure your request gets approved, …
A board meeting is a formal, scheduled meeting of the board of directors of an organization. Members or shareholders of an organization appoint a director to represent their interests and make decisions on their behalf. Board meetings are typically held on a monthly, quarterly, or sometimes annual basis. These meetings …
An employee performance evaluation form is defined as a document that provides objective feedback/review on an employee’s performance at work. It indicates the employee’s strengths and weaknesses in their role at the company. Each employee is assessed independently to determine what they did well and identify areas of improvement. Performance …
Donation receipts are the means through which a nonprofit organization acknowledges financial contributions from its donors. While donation receipts come in various shapes and sizes, they all achieve the same purpose. Most donation receipts are filled-out forms, but a letter, email, or card can qualify as a donation receipt. Sending …
An award certificate is a document or piece of paper that is presented, either in writing or virtually, to an individual who participated in an event/activity. It is meant to celebrate the individual’s achievements by highlighting that they participated and won during an event. An award certificate can be presented …
An authorization letter is a legal document representing another person to perform particular tasks on your behalf. The letter states that the third party has permission to act on your behalf. Still, you will be responsible for those actions and whatever consequences will arise as a result. As such, this …