As a SaaS entrepreneur who’s been in the trenches for over 12 years, I’ve seen accounting software evolve dramatically. When I founded ProfitBooks a decade ago, I had to thoroughly evaluate all market players to understand what small businesses truly needed. Today, MYOB and Xero dominate the Australian accounting software landscape, but which one delivers…
In today’s fast-paced digital world, managing your finances is easier than ever. Discover the top 7 online bookkeeping service providers that can help you streamline your financial tasks, track expenses, and keep your financial records in check. Whether you’re a business owner or simply looking to stay organized, these services have got you covered. Why…
Ever found yourself staring at tax forms as your coffee gets cold, wondering how GST works and if you’re doing it right? You’re not alone. As a co-founder of ProfitBooks, I’ve spent the past decade watching Australian business owners wrestle with GST compliance. And I’ve learned a thing or two about making it less painful.…
E way Bill is an electronically generated document issued for the transportation of goods by vehicles. Without an Eway bill, a registered person is not permitted to transport goods from one place to another if the value of the goods exceeds? 50000 or in some special cases where the supply is inter-state i.e., transport of…
An organization must track its accounts accurately based on the golden rules of accounting to have a good understanding of its financial condition. The organization must record all its transactions under appropriate accounts to do so. If an investor or third party wants to take a look at the company’s finances, it will head to…
For any business looking to establish its identity in the US market, registering a trademark is an essential step. Not only does it give the legal business ownership over its brand, but it also safeguards its intellectual property rights and establishes credibility with its customers. It’s not a perk you can get, it’s more of…
The well-known accounting software QuickBooks Online will exit the Indian market on 30 April 2023. As the deadline approaches, the rush to migrate from QuickBooks Online to other software is at an all-time high. This migration process is creating a lot of chaos and leading to a lot of confusion. You might be thinking about migrating from Quickbooks to…
At a monthly meetup of local entrepreneurs, one business owner posed a thought-provoking question that got everyone thinking: “What are the simple cost-cutting ideas that I can implement today?” This question led to a lively discussion where participants shared their experiences and discovered practical strategies for reducing expenses and saving money. Through this blog,…
In India, Financial Year is from 1st of April to 31st March every year. Hence, 31st March is an important date by which important financial obligations should be fulfilled. It is important for those who are required to follow mercantile system to ascertain the transactions accrued up to 31st March and to properly record the…
One of the biggest and positive changes that took place in 2020 is E-invoicing under GST. The main intention or reason behind introducing the concept of e-invoicing was to restrict and reduce fake invoicing that had been happening and was a great concern of the government. The government has introduced e-invoicing in a proper phased…