Whenever you come across a business WhatsApp account, you’d generally be more trustworthy towards the companies that are verified businesses. You must have noticed a green tick after the company name displayed on WhatsApp. This badge of honor is an indication of the business is an official business account. And it also gains tremendous trust…
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…
Being an entrepreneur is no cakewalk. Let’s not forget about the biggest obstacle of them all – finding the right resources to help you on your journey. You’ve got books, webinars, podcasts, and a whole lot of other stuff promising to give you the secret formula for success. But with so much information out there,…
Managing finances is an essential aspect of running any business, big or small. business growth of any business is impossible Without a proper accounting system in place, it becomes challenging to keep track of income, expenses, profits as well as other business operations. Investing in the right accounting software is important for any business…
Each aspect of your business is equally important, but if there’s one that stands more crucial than others, that would be the point-of-sale (POS). It’s the moment when a potential client finally transitions into a paying customer. Most businesses already have an established point-of-sale system. For brick-and-mortar stores, that would be the cash register…
A company’s inventory is one of its most valuable assets. Be it retail, manufacturing, food service, and other inventory-intensive sectors, a company’s inputs and finished products are the core of its business. Inventory management software is a small investment that can give you massive returns. Managing that inventory is again a significant task for…
Timely payments are very crucial for a business. You will be able to have a smooth operation if your cash flow is regular and consistent. This cash flow is important especially for small business owners as they don’t have heavy capital like big co-operations. Unfortunately, business is not as ideal as we wish it…
Invoicing explained Invoices are a critical element in business. In simple words, it is a commercial document that helps maintain records of a transaction between a buyer and a seller. An invoice tells your client how much they owe you, when the payment is due, and what services you provided. If goods or services were…
As a business owner, you must understand that record-keeping of revenues, expenditures, and net profits is crucial for your company’s optimal financial health. In other words, maintaining the books is an important responsibility of an accountant or a business owner. You must close the books periodically, which in simpler terms refers to balancing the income…