Difference between Consumption Tax and Income Tax
Consumption Tax vs Income Tax: Understanding the Contrast Understanding how taxes work is key to smart financial planning. A consumption tax is charged when you buy goods or services, while an income tax applies to the money you earn. These taxes help fund things like schools and roads. Some countries rely more on one than […]
Reconciling Undeposited funds in Quickbooks
A Simple Guide to Reconciling Undeposited Funds in QuickBooks Getting started with QuickBooks might seem hard at first, especially when you’re trying to manage your accounts smoothly. One common challenge for new users is managing undeposited funds in QuickBooks during the deposit process. To avoid confusion, it’s important to understand how undeposited funds work in […]
Strategic Cost Reduction Measures to Improve Profit Margins
Cost Reduction Measures As a leading accounting firm in India it is our responsibility that we time to time provide tips and tricks to business owners, in this series we are explaining cost reduction measures. Effective Cost Reduction and Streamline Cash flow for your business For effectiveness of any business, two things are necessary to […]
Integration of Quickbooks with Credit Card Processing Services
Integration of Quickbooks with Credit Card Processing Services According to the World Payment Report, by 2020, 726 billion transactions will be made via digital payment in the world using noncash methods like credit or debit card. So, if you are providing your customer with this facility, Quickbooks credit card processing services are there to help […]
Changing Dynamics of Accounting Industry
Changing Dynamics of Accounting Industry With changes in technology, there have been many changes in the accounting industry as well. From the traditional method of accounting, we now use advanced methods. For example, clouding software has changed this industry for better. Here we have differentiated these changes in a few parts. Cloud Accounting software: All […]
Cash Inflow vs Profit Differences
Cash Inflow vs Profit Differences Managing business finances requires understanding cash inflow and profit. These two concepts are vital to your company’s health, but they are often mixed up. In this post, we’ll explain the Cash Inflow vs Profit Differences and help you understand how each affects your decisions. Profit and cash flow are two […]
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 and Managing the Debtor Cycle In any business, getting paid on time is key to staying afloat. Cash flow is vital for your business to run well. If debtors delay payments, they may treat you like a bank […]
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 […]
