In our previous guide explaining how to accept cross-border payments in India, we briefly touched upon the topic of the best payment gateways in India that let you transact in any currency. Just like ProfitBooks lets you raise multi-currency invoices ; ) Today we’ve come up with a list of the best five international payment…
All major businesses in India face a similar issue of accepting cross-border or international payments. Especially if you’re a SaaS-based company or a digital service provider, you will look for US, UK or Europe clients. You may even use an international accounting system like ProfitBooks to raise invoices to your US-based clients in US Dollars…
Previously in our trademark registration guide for American businesses, we mentioned how the United States Patent & Trademark Office (USPTO) is responsible for many regulations surrounding the company and trademark registration process. In this article, we’ll learn all about the United States Patent & Trademark Office or USPTO for short, and how businesses…
The tax you pay, fundraising potential, paperwork obligations, and personal liability are all influenced by your business structures. Prior to registering your business, selecting a suitable structure is crucial. Additionally, obtaining a tax ID number and acquiring necessary licenses and permits are typically required. Exercise caution in your choice as transitioning to different business structures…
Figuring out how much taxes your small business owes can be tricky. There’s a bunch of things to consider. Knowing how much you’ll owe in taxes is super important for planning your finances. This small business taxes guide in the USA will help you understand that nuances in the tax system set by the Internal…
Why pay for an accounting software, when you can manage all major finances using Microsoft Excel or Google Sheets? Transitioning from excel to accounting software is a must though. Transitioning from excel to accounting software is a must in fact, especially if the accounting software is free to use. Like ProfitBooks cloud accounting software, which…
Job work or job work procedure is the significant part of the manufacturing industry. Rather than investing in huge machinery nowadays manufacturers are preferring to outsources there activities like further processing, testing, repairs, re-conditioning. The advantage of Job work procedure in GST law is that the goods can be sent out for further processing and…
After spending over a decade helping African businesses streamline their accounting processes, I’ve had countless conversations about the challenges business owners face post-VAT implementation. The complexity of managing finances while staying compliant with ever-changing regulations is something I understand deeply. Handling accounts after the birth of VAT has been a difficult task for businesses in…
I’ve spent years talking with business owners from Cape Town to Lagos to Nairobi, and the story is always similar: “QuickBooks just doesn’t quite work for us.” Whether it’s the pricing that makes you wince, the lack of local support when you need it most, or missing features critical for African tax compliance, the struggle…
Listen, I’ve been there. Picture this: It’s 2 AM in Cape Town, the power’s been out for three hours thanks to load shedding, and I’m desperately trying to access our accounting data from Tally ERP9 on my phone. Nothing. Absolutely nothing. My laptop’s dead, the desktop at the office is useless without electricity, and here…