We all have heard the terms invoice and bill. However, I’m sure that not many of us are fully aware of the subtle differences between an invoice and a bill. Even I wasn’t, for several years after I started working. After running my business for over a decade, I’ve seen the confusion on people’s faces…
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Podcasts are like the Swiss Army knives of knowledge, fitting an entire library of insights into the palm of your hand. Consider the following scenario: you are an entrepreneur who has recently started a new firm or has been running one for quite some time. You can barely find time for yourself in your busy,…
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If you are a new business owner, then you might be familiar with the struggles of running a business. Buying raw materials, and organizing the business takes immense effort. Checking your money inflow and outflow and tracking all your payments and expenses for the business can be a challenging process. Switching to accounting software to…
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Delayed payments are a persistent problem for small businesses, leading to increasingly severe effects and several concerns about their liquidity as a result. One in three businesses considers overdue payments one of the most serious dangers to their viability. A significant gap between income and managing real cash flow could be one major issue, particularly…
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It’s not uncommon these days to discover folks who want to start from scratch and construct something from the ground up rather than looking for employment that doesn’t pay much. This is when a eureka-type business idea can save the day. Business ideas are one thing, but implementing them is another thing entirely. It is…
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When you run your own business, every sound of tick-tock in the clock is precious for you. But, when it comes to keeping yourself going, regardless of where you are in your business journey, you always look for sources to learn something new each day. For that, YouTube has been an excellent platform for…
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The duties of an accountant revolve around financial record keeping, decision-making, and other aspects that can ensure that the company thrives well in the market. An accountant or a bookkeeper must prepare and analyze the financial records of a company while managing data that can be analyzed and used for consultation. The bookkeeper is to…
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On 16th Jan 2016, Prime Minister Mr. Narendra Modi announced a bunch of benefits and schemes to promote the start-up ecosystem in India. The event was called ‘Startup India, Stand up India’. It has immense importance because, for starters, it was the first of its kind dialogue between Indias startup community and the government. Startup…
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Ever wondered which accounting software truly delivers for African businesses? As the co-founder of ProfitBooks, I’ve spent the past decade interacting with thousands of African business owners, understanding their unique financial management challenges, and helping them streamline their operations. While I don’t personally run a business in Africa, these conversations have given me valuable insights…
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