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…
DetailsCreating a professional invoice might seem like an easy thing to do but its often the toughest task, specially if you are doing it for the first time. Its often the last communication with the client and hence, must leave a good impression about your company. Lets find out how you can create a good looking…
DetailsIf you have a business, you need accounting software to record your income and expenses. Ideally, this is the first piece of software you should purchase when you start the business. However, most business owners get one only when they need to pay taxes or apply for loans. So, how to choose the right accounting…
DetailsEvery month, local entrepreneurs in my city get together and share their business experiences. During one such monthly meetup, one of the business owners asked the group an interesting question : What are the simple cost cutting ideas that I can implement today? This question made us put our coffee mugs back on the table. It really…
DetailsRecently, I was reading about an Indian IT company InfoEdge’s monthly performance report. This company is behind many popular businesses such as Naukri, 99acres, Zomato and PolicyBazaar.com. While reading the report, I noticed an interesting point. Just take a look at some numbers for Naukri.com : This one site takes 68% traffic share in recruitment market Its 90% revenue comes…
DetailsMr. Gupta runs a retail shop in Mumbai. One fine day, when he started his computer to enter sales transactions, he was in a rude shock. He was unable to open any program and some casino advertisements with nude ladies were flashing all over the screen. His computer was infected by a virus and the worst part…
DetailsIf you are providing your services to foreign clients, you might want to create invoices in currency that is different than your base currency. ProfitBooks supports multi currency accounting and invoicing. While creating new customers or vendors, you need to specify their currency & ProfitBooks will use that currency in invoices or other vouchers. Lets…
DetailsMr. Rakesh is a distributor of industrial pumps since past couple of years. Recently, he met a potential customer at one exhibition and after explaining about the products he sent a quotation to that customer. After receiving that quote, first thing that customer did was to google Mr. Rakesh’s company name on Google! He was hoping to find…
DetailsWhat is a Sales Order & where is it used? The Sales Order, sometimes abbreviated as SO, is an order issued by a business to a customer. A sales order specifies the details about products and/or services ordered by a specific customer along with the price, quantity and terms and conditions. Businesses use it as a confirmation…
Details
