It was a Monday morning and I was responding to an important email on my laptop. One of our vendors had sent me an invoice couple of weeks back he was reminding me that it is already overdue. I had a feeling that I already issued a payment and even got the receipt for it.…
To sell is an art and to sell online is modern art. Learn how to sell online effectively with our comprehensive guide. Discover essential strategies, platforms, and techniques to maximize your success in the online marketplace. Whether you’re a beginner or an experienced seller, our article provides valuable insights on how to sell online, covering…
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…
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…
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…
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…
Lets first understand What is Proforma Invoice and where it is used. According to this definition on Investopedia, Proforma Invoice is like a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. Typically, it gives a description of the purchased items, notes the cost, as well as other important…
I’ve been running my private limited company in India for over a decade now. What I’ve learned is that compliance is one area where cutting corners will cost you dearly in the long run. I had to pay a few painful penalties in my early years. So, I’ve become somewhat of a compliance evangelist among…