The two words cash flow and profit often uses interchangeably, but there is a difference between these terms. The definition of profit is the amount of money left after cost subtracts. It is calculated by taking the revenue and subtracting the expense. On the other hand, cash flow is a dynamic financial concept that measures …
Cashflow Or Profit? Which Matters More For Your Business? Read More »
Many people need to think about the relationship between wholesalers and retailers. The truth is that retailers are always dependent on wholesalers for their goods. On the other hand, wholesalers need retailers to sell their goods. “Can a wholesaler also be a retailer?” the question remains. Yes, but it will require some time and effort. …
India has adopted the Goods and Services Tax (GST), a value-added tax. The tax is applied to the supply of goods and services in India on every transaction. The GSTIN is required if you’re a business with branches in different states. To register for the GST, you need to know whether you need a GSTIN. …
Do You Need More Than One Gst Registration If You Have Branches In Multiple States? Read More »
Cash flow is the amount of money that enters and leaves your firm during a specific period. When you have a positive cash inflow, you have additional money coming into your business, and you have to leave it there so you can pay your bills and cover other charges. You are unable to make those …
ERP (Enterprise Resource Planning) is a software package that manages a company’s financial, accounting, and production activities. On the other hand, accounting software is a software package used to manage and keep track of personal finances. Accounting software focuses on one specific aspect of business, whereas ERP systems handle many things. Accounting software is more …
Accounting Vs. ERP Software: Key Differences You Need To Know Read More »
Invoicing is one of the crucial aspects of every business. No matter how big or small the business is, it would be best if you issued an invoice for the supplies to the guests. A small business needs to induce different invoices due to various factors. The industry in which you deal, client type, regional …
Different Types Of Invoices For Small Businesses Read More »
Companies employing accounting software to manage their finances will get instructions from the Ministry of Corporate Affairs on how to adopt software with an audit trail function. The program keeps track of every sale in an audit trail. This regulation is a part of the Companies Amendment Rules of 2021 and will take effect on …
Businesses should adopt change because they are in a competitive market and must keep up with the times. If they don’t change, they will lose their market share. There are many other reasons why a business should adopt change & also. There are also many different reasons why a company should adopt change. One of …
It aims to achieve profitable development with stability and manage inflationary and deflationary pressure. It involves limiting the credit volume created by the commercial bank, regulating the credit volume, directing credit to productive uses, and applying measures that strengthen the structure of banks. Credit control is the lending strategy banks, and financial institutions employ to …
The Role Of Credit Control In Financial Stability And Growth Read More »
For every business proprietor, POS systems are considered the core of the business. The first step to success is having a solid retail POS system for your company. But not everyone understands POS and its advantages or what retail business needs POS. So, let us guide you through the delineations and benefits and help you …
How To Use The Pos System In The Retail Business? Read More »
