What Is Surplus Inventory Anyway? Surplus Inventory is a term used to describe a situation where fewer supplies are used than what is stocked, and that affects the profit margin and the unsaleable, yet expensive items lock up cash that could have been better used to sell other saleable products. If youāre a merchant looking…
The GST registration process is a long one that involves business-related documents. For registration, you need to submit different types of documents according to the type of company registration. Find out the documents required for GST registration for Sole Proprietorship or Individual, Partnership or LLP, Private Limited or Public limited or One Person Company,…
Wouldn’t it be an ideal situation in any line of business if all customers paid on time? There would be no problem with cash flow and projects would run like clockwork. Unfortunately, business is not as ideal as we wish it to be. The secrets to getting your debtors to cough up the cash…
An advance payment is paying a part of the payment to theĀ seller before the work begins. It has become a norm while taking up large projects. Small businesses deserve an equal opportunity at work. But they may not have the financial backing to undertake large projects. And here’s where advance payment comes into action.…
Every Startup owner knows the struggle and importance of dealing with invoices. Money is the core feature of your business and you don’t want to mess it up, especially when you are just starting off, right? Everybody carries a manual of all the right things to practice in their business but it’s equally important to…
