Owners or co-founders keep investing in their own businesses during early stage of their startup or even at later stage. This helps them to improve the company’s cashflow or make funds available for new equipment, paid marketing or hiring additional staff. Recording capital investments of your own money or your business partner’s money is important for keeping company accounts…
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I have been working in my company for more than 12 years now. And I still see entrepreneurs making the same invoicing mistakes I made when I started. Those mistakes cost me thousands of delayed payments and countless hours chasing clients. Look, creating professional invoices isn’t just about getting paid. It’s about setting the right…
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In simple words, cloud accounting means online accounting. Instead of accessing the software from your computer’s hard disk, you access it through the internet. If you have internet net banking or any email service like Gmail, Hotmail, or Yahoo, you have already experienced the power of cloud computing. So, instead of installing the accounting…
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If you are providing your services to foreign clients, you might want to create invoices in currency that is different than your base currency. ProfitBooks supports multi currency accounting and invoicing. While creating new customers or vendors, you need to specify their currency & ProfitBooks will use that currency in invoices or other vouchers. Lets…
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What is a Sales Order & where is it used? The Sales Order, sometimes abbreviated as SO, is an order issued by a business to a customer. A sales order specifies the details about products and/or services ordered by a specific customer along with the price, quantity and terms and conditions. Businesses use it as a confirmation…
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In simple words, business metrics is the collection of relevant and meaningful business data that can help you take informed decisions to grow your business. Some people call it KPI (Key Performance Indicators) or analytics. Depending on the nature of your business there could by 100s of KPIs you can track but I would definitely…
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A big Thank You for joining ProfitBooks. Here is how you can get started with your account setup.. What Next? Learn how to create an invoice Learn how to manage business expenses
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You can’t control what you don’t track! So, if you want to reduce business expenses, you must start tracking them. Here is how you can track and manage business expenses with ProfitBooks. Follow these steps if you have already paid for the expenses and now want to record the transaction details : Follow these…
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Hot100 Awards organised by CORE (Centre of Recognition & Excellence) announced ProfitBooks Solutions Pvt Ltd as winner for 2014! CORE felicitated innovative & best startups in india in consumer internet, B2B and SMAC (Social,Mobile,Analytics,Cloud) during a ceremony held at Mumbai, Maharashtra on December 12, 2014. Anoop Mathur, President, CORE says We are excited for the winners as…
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