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…
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If there is one technology that has flourished on a huge scale in the last couple of years and has redefined the e-commerce industry, it is definitely the rise of online payments. From UPI payments to internet banking, the birth of online transaction methods has undoubtedly made things easier. But have you ever wondered what…
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Every business is built on the hope that people will find the product or the service the business owner offers. With the advent of the digital age, online marketing for a business, whatever it might be, is of utmost importance. You have to accustom yourself to the digital tools that help your business grow…
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Delayed payments are a persistent problem for small businesses, leading to increasingly severe effects and several concerns about their liquidity as a result. One in three businesses considers overdue payments one of the most serious dangers to their viability. A significant gap between income and managing real cash flow could be one major issue,…
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The duties of an accountant revolve around financial record keeping, decision making, and other aspects that can ensure that the company thrives well in the market. An accountant must prepare and analyze the financial records of a company while managing data that can be analyzed and used for consultation. The accountant is to ensure that…
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Instagram has proven to be a valuable investment for marketing. To capture a new audience and engage with your existing customers, you must consider using Instagram for your business. With over one billion Instagram users, it is one of the most prevalent social media tools at your disposal. Why use Instagram for Business?…
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If you own a business, your gains are subject to taxes by the government. Business owners often lose a big part of their gains to income taxes. Therefore, it is essential for business owners to understand how to identify tax deductions relevant to their field of work. Higher tax deductions for small businesses also equate…
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With over 2 billion monthly users, Facebook gives small businesses several ways to promote their products and services, increase customer support and boost recognition in the market. Having a presence on Facebook is a must if you want your business’ content and products to reach a wide range of consumers. Benefits of Facebook for…
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Businesses operate to make profits while minimizing expenditure. To do so, companies need to document their expenses and income. A company can do this in various ways. One of the most effective ways that one can resort to doing so is by creating a financial statement. A financial statement provides information that can help assess…
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