An income statement is a financial report that shows how much money you made from a certain source, like your job or investment. A cash flow statement is a financial report that displays all the money that came in and went out of your pocket during a certain time. So, if you want to know …
Cash Flow Vs. Income Statement: Uncover The Key Differences You Need To Know Read More »
There are always ways to grow your business and make more money. One of them is by joining a wholesale business. You may think wholesale enterprises to are only for large companies or companies that need many products. However, there are many ways to start your own wholesale business, whether you like to sell old …
One of the most important aspects of any business is sales and marketing. With the right sales and marketing strategy, a company will be able to sustain itself and will likely go out of business. The wholesale industry is a hotbed for sales and marketing, but is it safe to say that the wholesale industry …
Will The Wholesale Industry Be Eliminated In The Future? Read More »
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. …
Can A Wholesaler Be A Retailer? Here’s What You Need To Know Read More »
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 …
