Every company, big or small, is always concerned about this one thing – managing funds.
The Project Profitability report is used to monitor the planned and real cost related to a project.
GSTR-2 is an application of Return for Inward supplies for the tax period. It is the next step for the taxpayer once he has filed GSTR-1.
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?”
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.
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. 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. Continue reading “8 best ways to turn accounts receivable into cash”
First, you should treat your web design and development company like any other startup. Focus on using similar strategies. Continue reading “How to market your web design company’s business with any budget?”
Business owners most of the time feel the need of an accountant at the time of tax filing. But do you an accountant can add more value to your business.
Under this GST regime, it’s mandatory for every business to register them under GST. Currently including GSTR-3B companies have to file three other returns i.e. GSTR-1, GSTR-2, and GSTR-3. Continue reading “All you need to know about GSTR-3B Filing”
Having a creative idea can’t only help a startup to grow. The one & only aim or goal of every startup business is to grow financially also to maintain financial stability throughout its lifetime. But the path to achieving this goal is not that easy for startups.
We see around that the economy is booming, yet small business failure is flat? It’s because macroeconomic successes have nothing to do with the day-to-day operations of small companies. Continue reading “3 technologies a small business should use for better cash flow”
Project budgeting is the process of allocating or assigning a cost for a particular project. This cost includes all expenses need to run the project like new equipment purchase, employee costs, average delay costs, operating cost etc.