If you own a small business, you know how time-consuming and expensive inventory management can be. Managing inventory manually is very labor-intensive. There is a large amount of data that we need to keep track of. Also, aren’t you done with the “Excel sheet life” by now? Those sheets have been a nightmare for several…
To make your staffing business efficient, you need software for staffing agencies. Using relevant software for staffing agencies can help your business grow. As simple as it sounded, choosing the right staffing software for your business can be a hit or a miss. There are various software in the market to fulfill your business’s requirements.…
4 Xero Alternatives in Australia explained in detail with a study on Accounting software.
The well-known accounting software QuickBooks Online is exiting the Indian market on 30th April 2023. As the deadline gets closer, the rush to migrate from QuickBooks online to other software is at an all-time high. This migration process is creating a lot of chaos and is leading to a lot of confusion you might be…
A very important metric that every business owner should be well aware of is the metric of managing once cash flow. Cash flow helps you understand how you are using your funds as well as help you allocate your capital resources appropriately. For a new business owner learning how to manage their cash flow is…
If you step out in the market often and interact with businesses or any transactions, you’d have encountered the terms‘ invoice‘ and ‘bill’. Businesses, accountants, and customers often use these two terms interchangeably. Though they do have some commonalities, they surely aren’t identical. If you are a business owner and wish to have some assistance…
It’s been a few years since you are running this business. You are about to end this financial year and now you want to know – What is my actual business worth? Most small business owners consider only revenue while assessing their business worth. However, they rarely consider one fundamental thing in the calculation Fixed Assets. An example…
What is Depreciation? In accounting terms, depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery etc. The land is the only exception that cannot…
Certain things just dont mix well like milk in Maggie or your parents and your goal plans, and even tho you can separate your goa plans and your parents .You should separate your business and personal finances separately. On paper this might sound simple and easy, but one day to get some groceries from…
Advance accounting, is a skill every business owner should be well aware of. The way advance accounting works may feel very overwhelming for business owners, but this is were this article will come in handy! In the following article, we have listed 10 tips for advance accounting using journal entry. 1. Fixed Asset Purchase. Depreciation allocates…