A balance sheet is an important financial statement prepared by a company at a specific period in regular interval to showcase its financial position.
The Project Profitability report is used to monitor the planned and real cost related to a project.
Accounting originated when the first trading started back at 3000BC. It used to keep all exchange information in a book.
Among all the diverse projects you run, do you know which projects are most profitable?
Profitability is best described as the firm’s ability to earn financial profit/gain from a specific project. Continue reading “Project profitability: Overview and key factors”
Indian start-up ecosystem is lately emerging at a rapid speed. The umpteen numbers of players and the heavy funding requirements have further increased the challenges for the start-ups. Continue reading “10 ways to raise start-up and capital expansion for your web design business”
Start-ups are full of chaos. Everything around is uncertain. Continue reading “First 90 days survival tips for web-design startups”
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.
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.
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.
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.
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.
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.
Why companies or say start-up companies need a fully fledged budget plan to successfully run their business? But the question is why? What will happen if they just spend money on priority expenses without following any plan?
The hurdle rate is the minimal amount of rate of return an investor needed from his investment in a project. It also called as “minimum acceptable rate of return” (MAAR).
Lets’ define cash in a scientific way. If we take the company as a human body then cash is the blood. Then why blood, because it’s the most needed thing same as oxygen. A human can’t survive without blood and oxygen and a company can’t run without money, which is cash and human resource, which is an employee.
Every year many startups have been joining the startup journey but few exist for a longer period. The only way to survive in this competitive world is to have a strong marketing or business growth strategy.
When the liabilities of a company or entity become higher than assets, this situation called insolvency and the company called as insolvent.
Financial planning is a key growth factor for small businesses. Financial planning includes budget planning, cash-flow management, Income & expense management, investment planning etc.