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Register Trademark In The USA For Your Business

Trademark Registration Online In USA – Explained In 5 Easy Steps

For any business looking to establish its identity in the US market, registering a trademark is an essential step. Not only does it give the legal business ownership over its brand, but it also safeguards its intellectual property rights and establishes credibility with its customers. It’s not a perk you can get, it’s more of…

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Get Green Tick Verification On WhatsApp In 5 Simple Steps

WhatsApp Green Tick Verification Process In 5 Easy Steps

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…

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Everything You Need To Know About MSME Udyam Registration

Everything You Need To Know About MSME Udyam Registration (Earlier known as Udyog Aadhar)

The idea behind introducing Udyam Registration was to simplify the procedural format that business owners had to go through to register their business under Micro Small Medium Enterprise or MSME. Before the introduction of Udyam Registration, the procedural format for the same was quite hectic and a time-consuming bureaucratic process that used to require handling…

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25 Free Google Tools For Business Owners

25 Free Google Tools For Business – That You Never Heard Of Before

In today’s digital world, running a successful business often requires using a wide range of tools to increase productivity, streamline workflows, and improve marketing strategies. When it comes to online tools, Google is undoubtedly one of the most powerful and versatile platforms available. While many business owners are familiar with popular Google products such as…

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What is UPI & How it can benefit your business

What Is a Unified Payment Interface (UPI) and How it can benefit your Business

  In recent years, digital payments have become increasingly popular worldwide, as of 2022 UPI has hosted more than  300 million transactions per day as more people opt for the convenience and security of paying through their smartphones. India has taken a significant step toward achieving a cashless economy with the introduction of the Unified…

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30 Cost Cutting Ideas To Survive Cashflow Crunch

  At a monthly meetup of local entrepreneurs, one business owner posed a thought-provoking question that got everyone thinking: “What are the simple cost-cutting ideas that I can implement today?” This question led to a lively discussion where participants shared their experiences and discovered practical strategies for reducing expenses and saving money. Through this blog,…

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How to select a perfect accounting software

How To Select A Perfect Accounting Software- 8 Tips

  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…

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Top Ten Business Software With A Free Plan

If you’re a business owner, you must have faced the issue of wasting your precious time on menial tasks like scheduling interviews, conducting manual accounting, sending hundreds of emails to generate leads, and spending countless hours on video creation. All this, while getting slow results. No worries; automation tools and business process software are here…

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What is POS system

What Is POS System and How It Works?

  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…

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Xero, Quickbooks, Accounting, Software

Xero vs Quickbooks: What’s better for your business?

If you are someone who has just entered the accounting software market, you might be feeling overwhelmed by all the options available out there. There exist a number of alternatives for all types of accounting, invoicing, bookkeeping, to track expenses, making financial statements, financial report,  understanding cash flow, accounts payables, etc. There are a lot…

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Invoice Bill

Is an invoice the same as a bill?

If you step out in the market often and interact with businesses or any transactions, you’d have encountered the terms‘ invoice‘ and ‘bill’. Businesses, accountants, and customers often use these two terms interchangeably. Though they do have some commonalities, they surely aren’t identical. If you are a business owner and wish to have some assistance…

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Accounts Payable - Meaning, Definition and Process

Accounts Payable – Meaning, Definition and Process

All businesses or organizations have two indispensable financial flows: Expenses and Revenue. Let’s have a quick understanding of the mentioned terms. In simple words, revenue refers to the money coming in, and expenses refer to the money going out. The money coming in (revenue) is responsible for meeting the requirements and helping to run the…

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e Rupi

What is e-Rupi?

Prime Minister Narendra Modi launched an electronic voucher-based digital payment system “e-RUPI” on August 2, 2021. The platform will be a person-specific and purpose-specific payments system. The launching of e-Rupi confirms India’s first step towards having a digital currency in the country. Let us dive into the basic understanding of what e-Rupi is and how…

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Setup Inventory Management System

How To Setup Efficient Inventory Management System

A retail business’s inventory is among its most precious assets. As it has been proven to be the case, in the global ever-growing economy, for inventory-intensive industries such as retail, hospitality, and manufacturing, an entity’s finished products, raw materials, and other components are at the heart of its business. Therefore, a shortage of inventory at…

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5 Proven Ways To Boost Website Conversion Rates

5 Proven Ways To Boost Website Conversion Rates

Conversion rate is an essential metric to track for businesses large and small. A business owner or company leadership can learn a ton about consumer trust, website usability, lead generation, website optimization, user interaction, and more via conversion rates. Understanding your conversion rate more can also help you allocate precious marketing dollars toward the top…

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Hidden Costs of In-House Bookkeeping and Accounting

The Hidden Costs of In-House Bookkeeping and Accounting

If you’ve been running a small business for a few years, it’s likely that your questions have evolved from the earlier days of “How do I  attract more customers ?”  to questions more along the lines of “How can I utilize my time better?” and “What questions don’t I know to ask that could grow my business faster?” You might…

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Optimize Your Website For Mobile SEO

How to Optimize Your Website for Mobile SEO

  Here’s an interesting statistic: at least 40% of online transactions are now done using mobile. With that in mind, more and more brands nowadays are using a responsive web design approach. However, to foster engagement and build brand loyalty, having a responsive web design alone won’t suffice. You also need to optimize your website for mobile search engine…

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Free Software For Managing Remote Teams

30 Free Business Software For Managing Remote Teams

Essential Tools for Running Your Business Remotely In 2020, finding the right business software for managing remote teams has suddenly become very important. When you think about remote work, you probably think video calls, virtual meetings, and remote presentations. And you’re right! These are a big part of working online, especially with colleagues and customers.…

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Union Budget 2017 For Startups and Small Business

Budget 2017 Highlights – 5 Key Things Startups Should Know!

Union Budget 2017 For Small Business And Start-ups Union budget is one of the biggest events in the financial calendar of the country and this year’s financial budget saw some great promises made for empowering the small and medium-sized enterprises (SMEs) and the start-up businesses. The finance minister announced some great tax exemptions and policies for the…

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Input Tax Credit Under GST In India

Input Tax Credit under GST – 30 Important Questions Answered!

  At ProfitBooks, we are committed to make taxation simple for small business owners in India. Since GST is set to replace various indirect taxes, we have started this series on frequently asked questions on GST. This article is next in this series. Earlier, we had covered Levy and Exceptions under GST and Tax payments under…

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Important Financial Statements

3 Important Financial Statements Every Business Owner Should Know

“You Can’t Improve What You Don’t Measure!” Small businesses must be well-informed to survive in a competitive environment and one of the vital competencies they must develop is to read and understand important financial statements. Understanding essential financial statements such as ‘Trial Balance’, ‘Balance Sheet’, and ‘Profit and Loss statements is of utmost importance, as…

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Keeping Your Business and Personal Finances

How to Separate Your Business and Personal Finances

Certain things just don’t mix well — like a good scotch and soda, like Rajnikant and Laws of Physics, like Rahul Gandhi and politics and like your personal finances and your business’s. Keeping these things separate not only helps you reduce problems, it also greatly simplifies things and makes it easier to manage your finances.…

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Guide To Tax Deducted At Source - TDS

India’s Most Comprehensive Guide On TDS (May 2020)

What is TDS? Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where the person responsible for making specified payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. As the…

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5 Important Compliances for Private Limited Companies in India

We are writing this article specially for Indian SMEs to make them aware of the important compliances for private limited companies that can attract fine if ignored. If you have recently formed a Private Limited company and started your business in India, you must get yourself familiar with few important compliances by Companies Act 2013.…

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How to create an invoice

ProfitBooks makes it very easy to create beautiful invoices. Lets see how to create an invoice for the first time. With ProfitBooks you can create 3 types for invoices: Credit Invoice (Used when the payment is expected in future) Cash Invoice (Used over the counter sales) Time-Based Invoice (Used for billing against tasks) Lets see how to create…

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