I’ve spent years running my accounting software business, and if there’s one thing I’ve learned the hard way, it’s this: Clear payment terms can make or break your cash flow. Let me share a little secret. When I first started ProfitBooks, I thought great software was all I needed. Boy, was I wrong! Our customers…
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What is an E-Way Bill E-Way Bill is the short form of Electronic Way Bill. It is a unique document/bill, which is electronically generated for the specific consignment/movement of goods from one place to another, either inter-state or intra-state and of value more than INR 50,000, required under the current GST regime. As per…
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We are living in a world where carrying out daily business and personal activities is becoming very easy and smooth. In an era where digital signatures are being greatly embraced in the entire world, we no longer have any limitations in our business or personal lives. Typically, physical documents like invoices will always need a…
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In our endeavour to help entrepreneurs to grow their businesses, we published lot of insightful business articles last year. Ive handpicked 10 of them that instantly stuck the cord with our readers. Hope youll enjoy these posts. Here are our most popular business articles from year 2017.. 1) How To Get Working Capital Loans…
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Small business owners are often overloaded with tons of activities revolving around their business, and they have very little time left for managing cash flows or scratching their heads on companys finances. On the other hand, mismanaging your companys funds might lead to total failure of your business. Even though you have the brightest…
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It is no news that the implementation of the GST (Goods and service tax) will pose some major advantages and a few disadvantages to the services industry. Many service businesses will face a lot of changes over the years as they try to conform to the introduction of this new taxation system and we…
DetailsUsing cloud technologies is crucial in today’s digital age. We at ProfitBooks encourage cloud technologies and computing more than anybody. Since we’re a cloud accounting software, we practice what we preach. Almost all companies are switching to cloud technologies, as it’s, simply put, a lot more efficient. Individuals don’t need to use local storage and…
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Here is a quick guide on how to file GSTR 1 from ProfitBooks. GSTR 1 return is used to upload your sales data to the GSTN portal. Every tax payer needs to report following things: Invoice summary (Types of invoices, Credit Notes, Advance Receipts, etc) Summary of documents issued (Documents such as invoices, credit notes…
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In earlier articles, we’ve covered various aspects of Goods And Services Tax, how to create a GST invoice and finally how to file GST Returns. Now, once you file the returns, it becomes little tricky to make changes to the transactions of that particular month – specially Invoices. But we are humans and changes…
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