What Is Surplus Inventory Anyway? Surplus Inventory is a term used to describe a situation where fewer supplies are used than what is stocked, and that affects the profit margin and the unsaleable, yet expensive items lock up cash that could have been better used to sell other saleable products. If youre a merchant looking…
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Choosing the right quantity of an item to keep up a satisfactory stock level is a challenging task in any business. If you don’t maintain a sufficient reorder level, you risk going with insufficient stock and might not be able to serve a client’s demand. On the other side, buying excess inventory can also…
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Let’s talk about something that’s kept me up at night more times than I’d like to admit: late invoice payment. If you’re running a business, you’ve been there. That sinking feeling when you check your bank account, expecting to see a client payment that should have landed days ago, only to find nothing. Meanwhile, your…
DetailsHere is some good news for tax-paying businesses in India. 28th GST council meet held on 21st of July 2018 has introduced a simple GST return filing system for the taxpayers. The government has introduced Sahaj and Sugam forms for filing GST returns. In this article, we’ve explained how these new forms will simplify…
DetailsBusiness! every step you take in your business should be calculated and tracked. If you are not tracking it, you are doing it wrong. Poor inventory management can be the absolute reason why your businesss efficiency is not the same as it was before. But there is much more to inventory than just its basic…
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The GST registration process is a long one that involves business-related documents. For registration, you need to submit different types of documents according to the type of company registration. Find out the documents required for GST registration for Sole Proprietorship or Individual, Partnership or LLP, Private Limited or Public limited or One Person Company,…
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Ever since the GST law was implemented on 1st July 2017, business owners repeatedly faced difficulties while filing GST returns. GST was a huge change where all the indirect taxes were merged into one single law. So, initial hiccups were expected. So keeping in mind all the problems businesses were facing, the government keeps extending…
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Advance payment is as safe to ensure proper cash flow especially if you are a small business owner who doesn’t have fluid cash flow like big businesses have. Small businesses deserve an equal opportunity at work. But they may not have the financial backing to undertake large projects. And here’s where advance payment comes into…
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Every startup owner knows the struggle and importance of dealing with invoices. I’ve been there myself, juggling the excitement of building a business while managing the not-so-thrilling task of invoicing. Money is the core feature of your business, and you don’t want to mess it up, especially when you’re just starting, right? I learned this…
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