How To Use WhatsApp For Business – 5 Tips With Examples

WhatsApp, the social messaging service acquired by Facebook for $19bn in 2014, is arguably the world’s fastest-growing communication app. As on January 2015, half a billion people around the world were regular, active WhatsApp users. These users are sharing more than 700 million photos and 100 million videos every single day. In India, its more popular than Facebook and…

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Advanced Accounting Using Journal Entry

Journal entry is the go-getter in Accounting. Anything and everything in Accounts can be done through a Journal Voucher. Let’s see some of the important transactions that require a journal entry. 1. Fixed Asset Purchase. Any business purchases few fixed assets for smooth functioning like Computers, Office Space, Printers, Servers, Trademarks, etc. Such transactions are…

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How to record Loan Transaction?

One of the most popular methods of financing is borrowing. Loans can be short term, long term, secured, or unsecured and should be recorded accordingly. It is important to keep track of the principle and interest amount, and record them respectively in books for correct accounting. Classification is vital as ‘interest’ paid on loan is…

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How to record owner contribution in the business?

Owners or co-founders keep investing in their own businesses during early stage of their startup or even at later stage. This helps them to improve the company’s cashflow or make funds available for new equipment, paid marketing or hiring additional staff. Recording capital investments of your own money or your business partner’s money is important for keeping company accounts…

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