Cash Inflow vs Profit Differences
Cash Inflow vs Profit Differences There are instances where the business would generate cash; However, it would not be generating a good profit from the operations. It can be vice versa as well-meaning it might generate cash flow, but there might be no profit. Cash flow analysis is a useful tool to track on what […]
Don’t get treated like a bank by your debtor- The Art of getting paid on time
Don’t Let Your Debtor Treat You Like a Bank-The Art of getting paid on time The Art of Getting Paid on Time We need navigation through the cash flow cycle to keep a tap on the behaviour of ‘accounts payable’ and ‘accounts receivable’. These two main components determine the proper flow of cash in terms […]
Financial Productivity Tools for Busy IT Managers
Financial Productivity Tools for Busy IT Managers Financial Productivity Tools for Busy IT Managers : By investing some bucks in IT, we can radically improve the productivity of entrepreneur.The best financial/productivity tool for busy IT guys (and everyone else). Expensify Mint Google Drive and Google Docs Do pdf Last Pass Skype Toogl Time management Asana […]
Chasing of Old Receivables
Chasing of Old Receivables How to Manage Effective Cash Flow? Managing healthy cash flow in any business is a prerequisite. It directly affects the working capital and daily needs of a business. A good source of maintaining the cash flow is chasing the old receivables that are pending; a methodical framework is a must for […]
Using Tradegecko with Xero
Using Tradegecko with Xero Tradegecko Vs Unleashed inventory management: Pros: Using Tradegecko with Xero: Tradegecko and Unleashed both are inventory management software that helps their clients to manage the stocks effectively and safely. Tradegecko is basically for small and middle-sized businesses whereas Unleashed is helpful for freelancers as well. Both give their prospective clients a […]
Benchmark of Successful Business
What are the benchmarks of success in business? Success in business comes with its own baggage of challenges, risks, and downfalls. However, careful research and understanding of financial concepts will lead to the growth of revenue and channelize its progress. Net Worth: A very basic sign of success in business is a gradual rise in […]
Thank you: The Key to have Positive Customer Relationship
Thank you: The Key to Have Positive Customer Relationship Customers are the focal point for any business without whom doing business is an aimless activity. Even in day-to-day activity customers are at the centre. They are the key to the growth of any business and thus taking care of customers is a part of doing […]
The Importance of Client Billing
The Importance of Client Billing A vital organization component is client billing, which guarantees accurate documentation of business-client transactions and effective payment collection. Accurate invoicing is simply one aspect of efficiently managing client billing; another is a methodical strategy that promotes openness and confidence. The complexities of customer billing, its significance, difficulties, and best practices […]
Investment in Bonds under Section 54EC
Investment in Bonds under Section 54EC Meru Accounting is a leading accounting firm in India and the main player for outsourcing work in India. So, here, we are explaining Investment in Bonds under Section 54EC. What is the section 54EC What is the requirement of investment? Where can you invest What to do if you […]
Xero: How to use Cash Coding
Xero: How to use Cash Coding What is Cash Coding? Cash coding is a tool for accountants or bookkeepers to reconcile their imported bank statements in bulk, which can reduce time drastically and also increases accuracy. So, if you enter transactions from bank statements but is very time consuming, cash coding can help to save […]
