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.
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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”