Cash flow is no doubt a vital part of any business especially small ones, but the accurate projections and forecasts of business are something which is needed to get the business moving.
The yearly return filed by the registered taxpayers in GST, including those listed under composition levy scheme, is known as GSTR-9.
As an owner of a small business, you must be seeking out ways to improve your accounting procedures and also increase the cash flow of your business.
Liquid cash is the most significant factor for growth in any organization and many companies continue to make improvements to managing their overall working capital.
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. Continue reading “Where is your salary business owners?”