Last Tuesday, 11:47 PM. My phone buzzes. “Mohnish sir, GST filing deadline is tomorrow and our invoicing software crashed. We have 847 invoices to process and no way to generate compliant reports.” That panicked call took me right back to 2018 when I made the biggest invoicing mistake of my career. You know what I…
Last Tuesday, I got a call that still haunts me. Rajesh, who runs a thriving auto parts business in Pune, was practically in tears. “Mohnish sir,” he said, “my invoicing software just locked me out during month-end. I’ve got 200 pending invoices, GST filing due tomorrow, and I can’t even access my client data.” Haven’t…
Last month, I got a call from Priya, who runs a small textile business in Chennai. She was crying—actually crying—on the phone. “Mohnish sir, it’s been three days since my invoicing software crashed, and I can’t access any of my client data. GST filing is due tomorrow, and I don’t even know how much I…
Understanding your financial health is crucial. Financial reports provide a clear picture of your company’s financial performance, revealing your income, expenses, assets, and liabilities. As it’s crucial, we’ve made this guide to help our users generate financial reports using ProfitBooks! Even if you’re not a user, you can get started within a few minutes, for…
We can guess that you probably own a wholesaler, retailer, or distributor business since you’re reading this blog. Our inventory management tool is catered specifically towards businesses like yours. Thus, this guide covers all the important stuff surrounding inventory management for wholesalers and such. We have covered what inventory management for wholesalers is,…
Accounting software in the UAE is growing faster than the inflation rate after the pandemic. With robust software like ProfitBooks and Zoho Books taking over the market, UAE businesses are looking for even faster and easier ways to manage their finances. In this article, we’ll cover what accounting software is, and why they’re needed from…
If you own a small business, you know how time-consuming and expensive inventory management can be. Managing inventory manually is very labor-intensive. There is a large amount of data that we need to keep track of. Also, aren’t you done with the “Excel sheet life” by now? Those sheets have been a nightmare for several…
Accounts payable is a bill to be paid or the money owed to a creditor. But first, let me ask you a question. Who wouldn’t love the idea of cutting costs but also spending wisely? Everyone right? Managing accounts payable and receivables can help you with this idea. A real-world example of account payable is…
The input tax credit is one of the most important parts of GST and so in this article, we have answered some basic questions about ITC like conditions for availing the ITC, the manner of utilizing ITC, the time limit for availing the ITC and we have also explained with the detailed list of items…
To make your staffing business efficient, you need software for staffing agencies. Using relevant software for staffing agencies can help your business grow. As simple as it sounded, choosing the right staffing software for your business can be a hit or a miss. There are various software in the market to fulfill your business’s requirements.…