Inventories that are mismanaged can create significant financial problems for a business. The use of inventory management techniques and advanced inventory management features can reduce supply chain challenges and improve operational efficiency. And an inventory management solution can provide a better future for retail business. Raj owns a retail store in Mumbai and last year he…
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In our endeavour to help entrepreneurs to grow their businesses, we published lot of insightful articles last year. I’ve handpicked 12 of them that instantly stuck the cord with our readers. Hope you’ll enjoy these posts. Here are 12 best business articles of 2015 published on ProfitBooks blog Top 5 Payment Gateways & Wallet Providers…
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Starting 15th November 2015, Hotel, Mobile Phone bills, airline tickets will get more expensive with the finance ministry of India deciding to impose a Swachh Bharat cess on all services. As a consumer, you will have higher input cost for your business and as a business owner, you need to be sure how to deal…
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We know Facebook as a social network where we share updates with our friends. But did you know that you can use Facebook for business? Facebook is perhaps the only social medium that can help you reach out to over a billion people. It knows more about your customers than you do and can help…
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How often you see someone starting a business with just an idea and then transforming it into an multi-million dollar business in couple of years? Today, I’m going to share a story about one such entrepreneur who did exactly this and much more. Meet Samir Palnitkar, President of Zinrelo. I got an opportunity to interact with…
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Whatsapp has more than 2000 million active users! dame that’s a lot of people sending good morning messages which cute animal pictures, but imagine the marketing and sales potential this one app has. If you create a business profile on the WhatsApp Business API, you will be able to sell and advertise, as well as…
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Advance accounting, is a skill every business owner should be well aware of. The way advance accounting works may feel very overwhelming for business owners, but this is were this article will come in handy! In the following article, we have listed 10 tips for advance accounting using journal entry. 1. Fixed Asset Purchase. Depreciation allocates…
DetailsEach business incurs certain expenditure to run. They can be further divided into purchases’ and expenses’. Expenses can be either cash expenses which are paid off immediately, or credit expenses, which are incurred on a particular date but settled later. Purchase usually deals with procurement process of inventory which we require to either manufacture, or…
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One of the most popular methods of financing is borrowing. Loans can be short term, long term, secured, or unsecured and should be recorded accordingly. It is important to keep track of the principle and interest amount, and record them respectively in books for correct accounting. Classification is vital as ‘interest’ paid on loan is…
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