Have you ever heard of TCS; Tax Collected at Source, yes, it is a term that you must know if you own and operate an online business or sell your products on e-commerce platforms. This guideline essentially states that the e-commerce platform keeps a percentage of your sales before paying you. But don’t worry! This… Continue reading Understanding TCS (Tax Collected at Source) for E-commerce Businesses in India
7 Reasons Why the Apparel Industry Needs Inventory Management Software
“Digital era drives the clothing industry to a dynamically evolving sector. Today, fashion is reshaped as a fusion of creativity and technology.” The clothing industry is a dynamically transforming sector that quickly adapts to market trends. With new tech inventions, the fashion industry is rapidly growing. Designers are leveraging accounting solutions to streamline financial management. … Continue reading 7 Reasons Why the Apparel Industry Needs Inventory Management Software
How Munim Billing Software Benefits Medical Business
The healthcare industry is widespread, and enhanced patient care is the need of today’s era. Settling claims and handling bills efficiently is the key to a successful business. Earlier medical billing involved piles of paper documents, physical billing files, and cash payments. It is time-consuming and error-prone, which decreases efficiency in patient care. Challenges Faced… Continue reading How Munim Billing Software Benefits Medical Business
The GSTN Latest Update: GST Composition Scheme for FY 2024-25
Prepare for potentially incredible news if you oversee a small business in India! You have a significant update from the Goods and Services Tax Network (GSTN). Business owners like you have an updated strategy to make your tax compliance for the next fiscal year a breeze. You can use the GST Portal and decide to… Continue reading The GSTN Latest Update: GST Composition Scheme for FY 2024-25
5 Simple Steps to Prevent Delayed Payments from Customers
Growing businesses require maintaining cash flow regularly. Steady revenue is the need of every enterprise in the business world. But, delayed payments make it almost impossible for companies to maintain a steady income. According to a survey, 93% of Indian businesses report payments delayed by their customers. It leads to ruined vendor relationships and inadequate… Continue reading 5 Simple Steps to Prevent Delayed Payments from Customers
Difference Between A Debit Note and A Credit Note: Meaning, Purpose & Use
As a business owner, credit note & debit note are the two terms that might confuse you. However, their roles are different, the debit notes and credit notes. No matter how fancy these terms might appear, you should know about them as a business owner to have smooth finances. Delve into the blog below, and… Continue reading Difference Between A Debit Note and A Credit Note: Meaning, Purpose & Use
How to Streamline Your Restaurant Accounting Process?
“Culinary Brilliance Presents Every Plate Like a Masterpiece!” Owning a restaurant chain or managing a hotel is a difficult task. Though it looks easier, hotel management involves multiple intricacies. “Sourcing ingredients, onboarding a chef, getting a supporting staff, preparing meals, buying some crockery, and serving customers” is a myth today. However, reality is way ahead… Continue reading How to Streamline Your Restaurant Accounting Process?
UPI is Going Global: Payments Now Accepted in 7 Countries
Exciting news on the digital payment front! Well, here it is: the Ministry of Foreign Affairs has astonished everyone by expanding Unified Payment Interface (UPI) services to 7 other international countries. Yes, you heard it correctly! This means that UPI, with its reputation for quick real-time payments, is now expanding to seven countries, making things… Continue reading UPI is Going Global: Payments Now Accepted in 7 Countries
Top Billing Software for Jewellery Shop
Jewelry stores cater to critical customer information, vendor details, and many customers. Until the last decade, we have seen jewelry shops working traditionally. Manual invoicing and handling one customer at a time was tedious for the store owners. The dawn of billing software brought a solution to all customer handling and invoicing concerns. It optimizes… Continue reading Top Billing Software for Jewellery Shop
What is Cloud Accounting, How It Works And Advantages
Running an enterprise with flexibility & limited manual work is what every business needs it! However, it is no longer just a dream! Enter cloud accounting software, offering a freeing and efficient approach to managing your finances, supported by some pretty impressive numbers. Check this out: Did you catch wind of this? Looking into the… Continue reading What is Cloud Accounting, How It Works And Advantages