When buying online, customers usually need an extra incentive that makes them feel confident about their decision. Luckily, product videos are a great way to provide all the helpful information (and that little extra push) most people need for a purchase. But before you start adding these videos to your marketing strategy, it can be…
Details
Retail inventory management is something we’ve discussed in depth, however, we barely touched the topic of inventory management methods. This is because we had to create a separate guide to make a clear distinction. There is no one hard and fast set of inventory management methods that all retailers, distributors, and wholesalers must follow. These…
Details
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.…
Details
When steering the course of a business, a pivotal decision arises in choosing the accounting method that will shape the financial records. Within the array of bookkeeping methods, we’ll be focusing mainly on the wholesale price method in branch accounting, and how it is important for wholesalers. Nestled among these methods is the branch accounting…
Details
Inventory management software is not a want, but a need of distributors, retailers, and wholesalers. This is especially true for large warehouses storing items in bulk. And of course, even for small-time retailers, inventory management software can be useful. In this article, we will cover all the pain points faced by wholesalers and distributors and…
Details
South Africa has a Value-Added Tax (VAT) regime, which is set at a fixed rate of 15%. VAT can be added and subtracted from any bill, invoice, PO, etc., while a taxable transaction takes place. In this article, we will cover what South African VAT is and how you can calculate VAT in South Africa.…
Details
In the dynamic realm of consumer finance, the significance of a retail credit facility cannot be overstated. Serving as the financial backbone of our purchasing power, this specialized credit mechanism facilitates seamless transactions that bridge the gap between desire and possession. In this article, we’ll dive into the nuances of a retail credit facility and…
Details
The Black tax in South Africa is essentially the financial burden carried by successful Black individuals who support less affluent family members. It involves transferring money from middle-class or prosperous Black individuals to relatives facing financial difficulties. This term not only encompasses financial transactions but also highlights the challenges faced by the well-off family member.…
Details
When you officially register a business, you’re essentially documenting its name, purpose, and other crucial details. This process comes with some neat perks, such as establishing a strong identity for your business and boosting its credibility. I’ve heard this question countless times from entrepreneurs looking to establish a presence in East Africa’s business hub. Kenya’s…
Details