How often you see someone starting a business with just an idea and then transforming it into an multi-million dollar business in couple of years? Today, I’m going to share a story about one such entrepreneur who did exactly this and much more. Meet Samir Palnitkar, President of Zinrelo. I got an opportunity to interact with…
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Whatsapp has more than 2000 million active users! dame that’s a lot of people sending good morning messages which cute animal pictures, but imagine the marketing and sales potential this one app has. If you create a business profile on the WhatsApp Business API, you will be able to sell and advertise, as well as…
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Advance accounting, is a skill every business owner should be well aware of. The way advance accounting works may feel very overwhelming for business owners, but this is were this article will come in handy! In the following article, we have listed 10 tips for advance accounting using journal entry. 1. Fixed Asset Purchase. Depreciation allocates…
DetailsEach business incurs certain expenditure to run. They can be further divided into purchases’ and expenses’. Expenses can be either cash expenses which are paid off immediately, or credit expenses, which are incurred on a particular date but settled later. Purchase usually deals with procurement process of inventory which we require to either manufacture, or…
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One of the most popular methods of financing is borrowing. Loans can be short term, long term, secured, or unsecured and should be recorded accordingly. It is important to keep track of the principle and interest amount, and record them respectively in books for correct accounting. Classification is vital as ‘interest’ paid on loan is…
DetailsIt 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.…
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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…
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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…
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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…
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