GSTR-1 filing is a regular monthly sales return filing. It’s mandatory for all businesses who registered themselves under GST.
Accounting software helps a small business owner to track & monitor all his expenses and transactions in a month. It provides various financial reports to understand & analyze business health.
India’s Consumer Price Index ( CPI ) growth was measured at 5.0 % YoY in Jun 2018 which when compared to that of May was 4.9 %.
The retail industry is the fastest growing industry in India also in the world. The retail industry growth rate was 23% in 2017 in comparison to 2016 and is expected to grow at a higher rate in 2018.
A lot of small businesses don’t have a fixed salary for their owners. They think the profit should be their salary so they don’t include that in pricing etc.
(I’m reposting this old post again, as I see this again and again) Continue reading “Where is your salary business owners?”
The initial years for any business are very crucial for the long-term success, with many challenges to overcome and lessons to be learned.
GST council came up with new changes in GST tax rules after 28th GST council meet held on 21st on July 2018. The best and most accepted change is an exemption of GST on sanitary napkins.
Accounts payable occurred when a company procured some goods or raw materials from a seller on credit. So, on credit means the company opts for late payment within a stated duration.
Nearly two months ago, I shared why web design companies face cash crunches. Today I’ll show you a demo on how you can do that with ProfitBoard: Our cash flow management app for web design businesses.
Hope you will like it.
Please let me know what else you wanted to cover next.
If you want to use ProfitBoard, do signup on our website.
Profits are defined as revenue fewer expenses. They may also be referred to as net income. Cash flows, on the other hand, refer to the inflows and outflows of cash for a particular business. Bringing in profits does not always increase cash instantly and incurring an expense does not always reduce cash instantly. Continue reading “How Profits and Cash Flows Are Different?”
Before moving to accounts receivable management first, let’s find out what’s the definition of accounts receivable management.
Accounts receivable referred to as the collection of due payments or credit sale payments a company or business owed to its customers. Continue reading “8 best ways to turn accounts receivable into cash”
First, you should treat your web design and development company like any other startup. Focus on using similar strategies. Continue reading “How to market your web design company’s business with any budget?”
Business owners most of the time feel the need of an accountant at the time of tax filing. But do you an accountant can add more value to your business.
Under this GST regime, it’s mandatory for every business to register them under GST. Currently including GSTR-3B companies have to file three other returns i.e. GSTR-1, GSTR-2, and GSTR-3. Continue reading “All you need to know about GSTR-3B Filing”
Having a creative idea can’t only help a startup to grow. The one & only aim or goal of every startup business is to grow financially also to maintain financial stability throughout its lifetime. But the path to achieving this goal is not that easy for startups.
We see around that the economy is booming, yet small business failure is flat? It’s because macroeconomic successes have nothing to do with the day-to-day operations of small companies. Continue reading “3 technologies a small business should use for better cash flow”
Project budgeting is the process of allocating or assigning a cost for a particular project. This cost includes all expenses need to run the project like new equipment purchase, employee costs, average delay costs, operating cost etc.
Financial statement analysis can be referred to as the analysis of financial reports like balance sheet etc. This analysis can be done quarterly or annually as per the business requirement. It helps to assess the past, current & future financial situations of the business.
Cash flow and revenue are very necessary for a small business as it shows the health status. Cash flow & revenue both are different so never take both of this as equal. Revenue shows how the business performs and sales
An investment center is responsible for the growth in revenue of a business or entity through various investments in capital assets. Continue reading “What is Investment Center?”
Ending inventory estimation is a difficult task to carry out. Ending inventory is the amount of ending units of inventory at the end of a month or fiscal year.
We all know that an invoice is raised for the product or service rendered by a business. But do you know a simple invoice can help you to generate more sales for your business?
Income tax form 16 is issued by an employer to its employee as a proof of the amount deducted as income tax has been deposited. Income tax form issued on annual basis i.e. every year on or before May 31st.
Budgeting is the backbone of every start-up. Foresee cash crunch before get sunk in the debt ocean. From simple to complex budgeting do everything with ease. Budgeting can save your business from sinking in debt burden.