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A wholesaler recently told me: “The system says we have 1,240 units in stock. The warehouse says we have 1,117. Which number should I trust?” The uncomfortable answer was: neither. Because when inventory reconciliation isn’t happening consistently, every report becomes questionable. And once business owners stop trusting their numbers, decision-making gets harder — purchasing, pricing,…
A business owner I worked with checked his bank balance every morning. Every single morning. Coffee in hand, phone open, refreshing the banking app like it was a cricket score. Sales were healthy. Invoices were going out on time. Customers seemed happy. But cash was always tight. When we finally sat down and pulled his…
A wholesaler in Pune was convinced someone was stealing from his warehouse. Margins had been shrinking for three quarters straight. The inventory report showed healthy stock levels. But every time he walked into the warehouse, things didn’t add up. Products he expected to see weren’t on the shelves. Items that should’ve been sold weeks ago…
Last month, I spent two days inside a mid-sized electronics store in Pune trying to figure out why their inventory numbers were off by ₹3.2 lakhs every quarter. The owner was convinced it was a pilferage problem. He’d installed cameras. Hired a night guard. Even started doing surprise stock checks on weekends. Turns out, nobody…
I spent a week last month helping a friend untangle his company’s finances. He had 14 Excel files — “Sales_Final,” “Sales_Final_v2,” “Sales_ACTUAL_Final” — and none of them matched. His GST return was due in four days. That’s not a productivity problem. That’s an operational crisis hiding in plain sight. If you’re running a growing business…
Quick Summary Poor invoice tracking isn’t a minor administrative inconvenience — it’s a slow financial bleed. Businesses lose money not because of one dramatic event, but through a steady accumulation of delayed invoices, missed follow-ups, duplicate entries, and spreadsheet chaos that quietly erodes cash flow. Research shows 82% of companies have lost revenue due to…
Last month, a manufacturing business owner showed me his “reconciliation system.” It was seven Excel files across three email threads, two of which had conflicting ITC numbers for the same quarter. He’d been chasing a ₹2.3 lakh mismatch for six weeks. The root cause? A single wrong digit in a vendor’s GSTIN — entered back…
Quick Summary Closing books of accounts means reviewing, reconciling, and finalizing every financial record for the year so your financial statements are accurate and your tax returns are filed correctly. For FY 2025–26, Indian SMEs should reconcile all bank accounts, verify receivables and payables, review inventory, reconcile GST and TDS filings, pass year-end adjustment entries,…
Last year, a textile trader in Surat called me—panicking. He’d crossed the ₹5 crore turnover threshold mid-quarter and had exactly 11 days to start generating IRNs before penalties kicked in. His accountant was on leave. His billing software didn’t support e-invoicing. And the “enterprise solution” his CA recommended wanted a 3-week onboarding cycle. He needed…
You’ve delivered the work. The client’s happy. And now you wait. Thirty days. Forty-five. Sometimes sixty—while rent, payroll, and supplier bills don’t wait even one. In practice, invoice factoring usually comes up when businesses are stuck waiting 30–60 days for payments while expenses continue. It’s not a topic most founders research out of curiosity. It’s…
A trademark is one of the most valuable assets a business can own. It helps distinguish products and services in the market, builds brand recognition, and protects a company’s identity from misuse. However, obtaining a trademark is only the beginning. Many businesses realise this only when they face legal notices, objections, or renewal issues after…
You already know the accounting grind. The “what’s our cash balance?” question that shows up every single Monday. The three-step process just to pull a simple expense report. The inbox thread about an invoice that was “definitely sent last week” – except nobody can find it in the system. Small business accounting has traditionally demanded…
I spent the better part of last quarter stitching together four different tools just to get a single blog post from outline to published. Notion for planning, Google Docs for drafting, Grammarly for editing, WordPress for publishing. And somewhere between tab seventeen and a broken Zapier automation, I thought: this is absurd. That experience rewired…
How should small businesses manage accounting daily? Small businesses should record transactions daily, track expenses, reconcile accounts regularly, and review reports to maintain accurate financial records. A consistent routine—even 20 minutes at end of day—prevents the backlog that turns tax season into a nightmare. Daily Accounting Workflow at a Glance: Record all sales and income…
Quick Answer: If a client is not paying in India, do not immediately send a legal notice. Instead, follow these steps: 1. Stop all further work immediately. 2. Send documented follow-ups via email and WhatsApp. 3. Use the GST portal (“Communication Between Tax Payers”) to officially log the non-payment. 4. Email your MSME certificate, citing…
Last quarter, a retail client walked into my office with a stack of GST notices — three demand letters, two ITC disallowances, and a registration suspension warning. His business was doing well. Sales were growing. But his GST compliance was a mess, and it had been silently compounding for months. He’s not alone. Most small…
An accounting and invoicing system is a structured process that connects invoice creation, accounts receivable tracking, automated follow-ups, and financial reporting—so payments arrive predictably and cash flow stays visible. Last quarter, a service-business founder showed me his “system” for getting paid. It was a spreadsheet with client names, invoice dates, and a column labeled “Paid?”…
“Why is GST different on this invoice compared to last month?” I’ve watched small business owners freeze when they hear this question. The calculation is correct. The compliance is perfect. But the customer’s confused—and now there’s a 15-minute phone call explaining something that should’ve been clear from the start. Here’s what most businesses miss: GST…
Your pitch deck was flawless. The chemistry call went better than expected. They loved your case studies, nodded at your rates, and verbally committed to the retainer. Then you sent the invoice. Radio silence for 47 days. Here’s the uncomfortable truth I’ve seen play out dozens of times: high-ticket clients (the ones cutting $25K+ checks)…
I’ll never forget the day a frustrated client called me about a “quote” we’d sent him three months earlier. “Mohnish, you said it would cost ₹50,000,” he said, clearly annoyed. “Now you’re telling me it’s ₹65,000?” The problem? What we’d sent wasn’t actually a quote—it was an estimate. But we’d labeled it “Quotation” at the…
I remember sitting across from Rajesh, a first-time founder who’d just incorporated his design agency as a private limited company. He looked genuinely worried. “Mohnish, I got a letter from my bank asking for my GSTIN. Do I need to register immediately? My CA said I might face penalties if I don’t, but my revenue…
The Truth Every Small Business Owner Needs to Know Last month, a friend who runs a small design agency called me, frustrated. “Mohnish, I sent an invoice to a client, and they keep asking why I’m billing them twice. I’m so confused—aren’t they the same thing?” I’ve had this conversation dozens of times. The confusion…
I’ll never forget the panic in Rajesh’s voice when he called me last year. He’d just had a massive argument with his business partner over profit distribution. “Mohnish, we both put in different amounts at different times, and now neither of us can agree on who owns what percentage of the company.” This wasn’t a…
You know that sinking feeling when everything’s on the line? Tuesday morning, 9:15 AM. My phone buzzed with a WhatsApp message from Rajesh, a small textile shop owner in Mumbai: “Mohnish, I’m standing in front of a client who wants an immediate invoice for ₹2.3 lakhs. My laptop is at home, and I need this…
I wasted three months picking invoicing software for my first startup back in 2015. Demos looked flawless, pricing seemed straightforward, then reality hit—GST compliance headaches, inventory sync failures, and support that vanished when deadlines loomed. If you’re a small business owner or startup founder drowning in manual invoices while trying to track stock levels, this…
Last week, I sat across from Priya—a brilliant startup founder I’ve known for three years. She was literally on her third coffee of the morning, looking defeated. “I just spent two hours trying to send one GST-compliant invoice with a payment link,” she said. “The file wouldn’t export, UPI wasn’t working, and my client’s still…
Last month, I was consulting with Priya, a startup founder in Bangalore who’d been using a basic spreadsheet to manage her growing e-commerce business. “Mohnish,” she said, clearly frustrated, “I spent three hours last night trying to figure out my GST returns, and I’m still not sure I got it right. My chartered accountant friend…
I wasted three weeks last year helping a client migrate from Vyapar to something that could handle their growth. What looked simple on paper—invoicing, inventory, GST compliance—turned into a maze of hidden costs, migration headaches, and feature gaps. If you’re running a small business or startup and hitting Vyapar’s limits, you don’t need another generic…
I’ll never forget the chaos of my first tax season after GST implementation. Picture this: it’s 2 AM, I’m surrounded by coffee cups and crumpled receipts, frantically trying to reconcile invoices that my client had been creating in Excel. Half the invoices were missing HSN codes, the tax calculations were all over the place, and…
I’ll never forget the morning I realized I’d been losing money on every invoice I sent. It was 2024, and I was working with a small manufacturing client who’d been using a “free” invoicing tool for two years. We were reviewing their books when I noticed something alarming – their average payment time was 47…
I wasted weeks picking accounting tools when I started my first business. Demos looked perfect; real work was chaos. If you’re a startup founder drowning in spreadsheets and chasing invoices, here’s what I wish I’d known on day one—the truth about which tools actually deliver when the invoices, deadlines, and investor questions pile up. …
When I first started advising small business owners on billing software, I made the same mistake most of us do—I assumed all invoicing tools worked the same way. Then I watched three different clients try to export their data during busy season. One took five minutes; another required a support ticket that lasted two days;…
When Manufacturing Dreams Meet Accounting Nightmares I’ll be honest with you. Three years ago, I nearly lost a manufacturing client because I recommended the wrong accounting software. The owner of a textile manufacturing unit in Chennai called me at 10 PM, frustrated beyond belief: “Mohnish, we can’t track our raw material costs, GST returns…
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…
The Night I Almost Lost My Business: A Complete Guide to Preparing Profit and Loss Statements I’ll never forget the evening I sat across from my banker, sweating through my shirt despite the air conditioning, fumbling through a stack of receipts and invoices. He’d asked for a simple P&L statement to review my loan application,…
I still remember that panic-inducing moment three years ago when my client called at 11 PM, voice trembling: “Mohnish, the GST filing deadline is tomorrow, and our invoicing software just crashed. We have 847 pending invoices, and the export function isn’t working!” We spent the entire night manually recreating invoices, cross-checking HSN codes, and praying…
You know that sinking feeling when you’re staring at a spreadsheet at 11 PM, manually typing invoice numbers for the third time this month? I’ve been there. Actually, let me be frank—I lived there for way too long. Three years ago, I was helping a talented graphic designer in Mumbai who’d just landed her biggest…
Picture this: It’s 11 PM on a Tuesday, and we’re watching Mr. Sharma, a CA from Delhi, frantically refresh his laptop screen during a video call. His client files scattered everywhere like autumn leaves, coffee cups multiplying on his desk, and his phone buzzing non-stop with anxious business owners asking about their GST return status. …
When I Finally Understood What Field Sales Teams Actually Need You know that moment when everything you thought you knew gets turned upside down? Mine happened on a sweltering Tuesday afternoon in Chennai, watching our field rep Pradeep fumble through three different apps just to create one invoice while his customer waited impatiently in the…
Remember that sinking feeling when you realize you’ve been doing your books wrong for months? I was there three years ago, staring at my laptop screen at 11 PM, trying to reconcile invoices that didn’t match my bank statements. Coffee had gone cold hours earlier, and I was drowning in a sea of Excel sheets…
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…
Last week, I was on a call with Rohan, a small business owner from Coimbatore. “Mohnish,” he said, frustration evident in his voice, “I’ve been using three different tools just to file my GST returns. One for billing, another for calculations, and a third for actual filing. I’m spending more time on compliance than growing…
Picture this: It’s 2025, and I’m sitting across from Arjun, a textile exporter from Gujarat, in his factory office that smells like cotton and ambition. The walls are lined with fabric samples, and his desk is buried under export documents. But what caught my attention wasn’t the chaos – it was the three laptops he…
When Accounting Software Makes You Question Your Sanity: My Journey from Tally Nightmares to Cloud Freedom You know that feeling when you’re staring at your computer screen, completely defeated? That was me, sitting in my Mumbai office last monsoon, watching raindrops streak down the window while my accountant – for the fourth time – tried…
Only 17% of marketers optimize their landing pages. This leaves a great chance for businesses to gain an edge by investing in the right tools. My years of testing top landing page builders have shown that picking the right one directly impacts your conversion rates. The data speaks for itself. The average landing page converts…
Do you remember that moment when you first started your business? I certainly do. There I was, sitting on a wobbly chair in my studio apartment, staring at my laptop screen, wondering how on earth I was going to run a business without spending a fortune on software. The bank account was nearly empty, and…
Last month, I was on a client call when Zoom suddenly crashed mid-presentation. Here I was, scrambling to reconnect while my potential customer waited on the other end. That embarrassing moment made me realize something crucial: relying on just one video conferencing tool isn’t a smart business strategy. The best Zoom alternatives include Google Meet,…
Ever wondered why some companies seem to attract all the best talent while others struggle to fill positions? I’ve spent the last 12 years building and growing ProfitBooks, and if there’s one thing I’ve learned, it’s that having the right tools can make all the difference—especially when it comes to hiring. As a SaaS founder…
Picture this: It’s 2 AM, and Sarah, the treasurer of a small arts nonprofit, is sitting at her kitchen table surrounded by receipts, grant documents, and a calculator that’s seen better days. She’s trying to figure out whether the $5,000 grant from the community foundation can cover the new sound equipment they desperately need, or…
Picture this: I’m sitting across from Rajesh, a successful textile manufacturer from Pune, when he casually pulls out his phone and says, “Let me just WhatsApp you our balance sheet.” My heart nearly stopped. Haven’t we all been there? That moment when you realize someone you care about is walking into traffic, but they can’t…
You know that feeling when Sunday evening rolls around and you suddenly realize you have no idea what you worked on last Tuesday? Been there. Early in my ProfitBooks journey, I was drowning in a sea of spreadsheets, sticky notes, and hastily scribbled time logs. During a particularly chaotic month, we nearly missed payroll because…
You know that sinking feeling when you realize you’ve been doing something the hard way for way too long? Yeah, that was me in 2019, frantically typing what felt like a novel to explain a simple ProfitBooks feature to a confused customer. Picture this: I’m sitting in our cramped office in Pune, surrounded by empty…
Picture this: It’s 2:30 AM, and I’m sitting in my kitchen, laptop glowing in the darkness, surrounded by empty coffee mugs and crumpled sticky notes. My coaching business was growing faster than I’d ever imagined, but I was drowning. We’ve all been there, right? That moment when success starts feeling like failure because you can’t…
Last week, I was chatting with Sarah, a fellow entrepreneur who runs a growing consulting firm in Dubai. She looked exhausted and frustrated. “Harshal,” she said, “I’m drowning in manual data collection. My team spends hours organizing client feedback, and half the forms we send out never get completed.” Sound familiar? I’ve been there. When…
Picture this: It’s 3 AM, and I’m scrolling through our 247th resume for a single marketing position. My coffee’s gone cold, my eyes are burning, and I’m pretty sure I just accidentally rejected someone named “Microsoft Excel” thinking it was spam. Sound familiar? That was me three years ago, sitting in my cramped home office,…
I’ll never forget the frustration in Amelie’s voice when she called me last month. She’d just started a small environmental nonprofit in Melbourne and was drowning in spreadsheets, donor receipts, and grant reporting requirements. “Harshal, I’m spending more time wrestling with Excel than actually protecting wildlife,” she said. “There has to be a better way.” …
I’ll never forget the day Sarah walked into my office, looking defeated. She’d been running a small nonprofit focused on education in rural communities for three years, and her spreadsheet-based “accounting system” had finally collapsed under its weight. “Mohnish,” she said, slumping into the chair across from my desk, “I just spent my entire weekend…
Last month, my friend Akash called me at 11 PM, and I could hear the desperation in his voice. “Harshal, I’m drowning here,” he said. Picture this: a talented graphic designer who’d built a thriving freelance business working with clients across three continents, completely unraveling during tax season. “I’ve got invoices in USD, EUR, and…
Picture this: It’s 2 AM, and I’m sitting at my kitchen table, surrounded by shoeboxes overflowing with crumpled receipts. My coffee’s gone cold hours ago, and I’m staring at a spreadsheet that might as well be written in ancient hieroglyphics. There I was, questioning every life decision that brought me to this moment of financial…
You know that feeling when you’re staring at a pile of receipts, wondering if you’ll ever make sense of your business finances? I’ve been there. Five years ago, I was running my small consulting business with a chaotic mix of spreadsheets and shoeboxes full of receipts. Tax season was my nightmare. Then a fellow entrepreneur…
You know that moment when you realize you’re paying for 50 features but only using 5? That was me with my previous accounting software. Last month, I was catching up with my friend Marcus, who runs a digital agency. He was stressed about his ZohoBooks renewal. “I’m paying $492 a year plus user fees, and…
You know that feeling when you’re staring at your spreadsheet-based accounting system, and you realize it’s completely broken down? I do. Last year, my service business hit a growth spurt, and my DIY Excel accounting system imploded spectacularly. I had invoice numbers that didn’t match, expenses I couldn’t categorize, and the tax season looming like…
I remember the day vividly. Three years ago, I was sitting in my office surrounded by stacks of invoices, receipts spilling out of folders, and an Excel spreadsheet that was one formula error away from a complete nervous breakdown. My business was growing, but my financial management system was stuck in the Stone Age. “There…
Last Tuesday, I got a frantic call from Sarah, a friend who runs a small marketing consultancy. “I’m drowning in invoices and spreadsheets,” she said, her voice cracking with frustration. “I spent three hours yesterday trying to figure out which clients still owe me money, and I’m pretty sure I made mistakes on my tax…
You know that feeling when you’re buried under a mountain of receipts at 11 PM, trying to cobble together invoices for tomorrow’s meetings, and your spreadsheet crashes for the third time? Yeah, that was me about three years ago. I remember staring at my screen, a cold cup of chai beside me, wondering why I’d…
Last month, I found myself sitting across from Raj, a pharmacy owner who was drowning in paperwork. Between tracking inventory, managing suppliers, and keeping his books in order, he was spending more time on admin than actually running his business. Sounds familiar, right? “I just need something that works,” he told me, frustration evident in…
Look, I’m going to be straight with you: I’ve been running my service business for over a decade now, and if there’s one thing that used to keep me up at night, it was my accounting mess. You know that feeling when tax season approaches and you’re scrambling through shoe boxes of receipts and random…
Have you ever found yourself at 11 PM, frantically trying to reconcile your Excel spreadsheets before a tax deadline? Oh my goodness, I certainly have. Three years ago, I was hunched over my laptop, desperately searching for a ₹5,000 discrepancy in my quarterly financial statements. The culprit? A simple formula error in cell G245 of…
After a decade running ProfitBooks, I’ve learned one thing about email marketing: newsletter software choices can make or break your customer relationships. Did you know newsletters generate $42 for every $1 spent? That’s right, but only when you’re using the right tools. I’ve personally tested dozens of newsletter platforms while growing our accounting software from…
Let me share something that might surprise you. Despite running ProfitBooks for over 12 years, I’ve probably spent more time testing landing page builders than most digital marketing experts. Why? Because when you’re bootstrapping a SaaS business like I did, every conversion counts. Back in 2013, I lost nearly $5,000 on Google Ads because my…
When the ProfitBooks team reached out to interview me about my dropshipping journey, I laughed and said, “You sure you have enough recording time? This story has more twists than my attempts at assembling IKEA furniture!” I’m Sarah Chen from Melbourne, Australia. Five years ago, I was sitting in my tiny apartment, staring at my…
Running an online clothing business in India presents unique challenges and opportunities, especially during seasonal sales. According to IBEF, India’s e-commerce market is projected to reach $200 billion by 2026. Seasonal events like Diwali, Durga Puja, and wedding seasons drive significant consumer spending. In fact, a RedSeer report highlights that festive sales alone contributed to…
In our free invoicing software guide, where we listed those software, that are not only feature-packed, but also free to use. Though we mentioned the pricing plans for each software, we made sure that every tool in the list at least has a free version. As our software’s friendly users in Australia are ever-growing, we…
I’ll never forget the night I sat on my office floor at 2 AM, surrounded by scattered invoices, frantically trying to match bank statements with our GST returns. It was March 2018, and I’d just made what I thought was a “smart” decision to handle ProfitBooks initial GST compliance manually. Haven’t we all been there?…
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…
If you’re reading this blog, you probably already know what affiliate marketing is. And the basics of how affiliate marketing programs work. Although I’ve explained these topics briefly at the beginning of the blog, then I’ve listed the most profitable affiliate programs of SaaS companies. But wait, it’s not just a list! We’ll dig deep…
In today’s competitive job market, attracting and retaining top talent is crucial for small and medium-sized businesses (SMBs). But for SMBs with limited HR resources, managing the recruitment process efficiently can be a challenge. This is where recruitment software comes in. Recruitment software, also known as Applicant Tracking Systems (ATS), streamlines the entire hiring process,…
Feeling overwhelmed by messy spreadsheets and overflowing inboxes? Juggling multiple projects can quickly turn into a productivity nightmare. But fear not; this is where project management software comes into the picture! There’s a shining knight in (digital) armour to rescue you: free project management software. In this article, we’ve laid down the ten best free…
A Sales or a Product Demo Platform is a crucial, effective, but also, an exclusive tool. At the moment hiring a sales team is the traditional and accepted approach to closing those deals. However a product demo platform can take things up a notch. You might have an idea that sales demo platforms are something…
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…
We have covered the best Ecommerce platforms to sell your products online earlier. In that blog, we mentioned that building your own website, using robust ecommerce website builders, is the best, when it comes to maximizing profitability and having complete control of your inventory and operations. Yes, managing an ecommerce inventory may become a tedious…
Running a SaaS company is a thrill ride! However, between building your product and keeping customers happy, finances can fall by the wayside. Choosing the right Saas accounting software can save you a ton of headaches (and maybe even some cash). In this article, we’ll break down key tips to help you find the perfect…
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…
Finding the perfect salesperson can feel like catching lightning in a bottle – there’s no guaranteed formula. Writing good sales emails may be one thing, but hiring a sales professional is what does the trick. It requires a blend of skill, intuition, and maybe even a dash of good fortune. But fear not! This guide…
It is not very common for small business owners to use Digital Asset Management or DAM software. Honestly, DAM softwares is so unpopular; it makes choosing between them feel like picking your favorite vegetable at a dessert buffet. It’s a tough sell! But fear not! We’ll help you navigate this buffet and ensure you get…
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…
Do you know the often overlooked yet highly influential tool crucial for a thriving business? In this QuickBooks vs ZohoBooks guide, you will. Last year, I consulted with several African businesses struggling to find accounting solutions that truly addressed their unique regional challenges. What became immediately clear was that the “big name” global solutions weren’t…
Digital marketing strategy steps are about creating a solid plan that aligns with what a company wants to achieve with its marketing efforts. The aim is to determine the best way to promote products or services to make the most profit and keep the business strong. This plan includes important details like what makes the…
As an accounting software, we, ProfitBooks convert website visitors into customers all the time! As a Saas (software as a service) company, we rely heavily on website traffic and generate all our customers organically. Being in this business for over a decade has almost perfected our website game for us. This is why, in this…
Any marketing agency must leverage digital asset management tools. Why? Let me break it down for you. Firstly, digital asset management (DAM) tools provide centralized storage for all marketing assets. No more searching through scattered folders or drowning in endless files. With DAM, everything is organized in one place, making finding and sharing assets…
Do you know the often overlooked yet highly influential tool crucial for a thriving business? In this Odoo vs ProfitBooks guide, you will. It’s a well-designed and effective software catering to various business needs. Optimal accounting software ensures financial management excellence, which is vital for business success. If you’re new to business accounting software, you’ve…
Do you know the often overlooked yet highly influential tool crucial for a thriving business? In this Quickbooks vs ProfitBooks guide, you will. It’s a well-designed and effective software catering to various business needs. Optimal accounting software ensures financial management excellence, which is vital for business success. If you’re new to business accounting software, you’ve…
As a co-founder of ProfitBooks, I’ve spent the last decade interacting with countless UAE business owners navigating the complex world of accounting software. And there’s one question I hear time and again: “Harshal, which is better for my UAE business – Tally or Zoho Books?” Let me tell you right away – this isn’t a…
Ever wondered what tool is critical for your business success but often gets overlooked? As someone who’s spent over a decade in the SaaS industry, I can tell you it’s your accounting software. After co-founding ProfitBooks and working with countless UAE businesses, I’ve seen firsthand how the right financial management system can make or break…
Do you know the often overlooked yet highly influential tool crucial for a thriving business? In this Sage vs ProfitBooks guide, you will. With stringent financial regulations across Africa requiring thorough record-keeping and annual audits, plus tax regulations varying from country to country (with profit taxes ranging from 0% to 9% depending on earnings), choosing…
Is cold email still a relevant marketing strategy in the ever-evolving landscape of 2023? In a world saturated with digital marketing techniques, it’s natural to wonder if cold emailing is still an effective way to reach your target audience. Have you ever questioned whether your carefully crafted cold emails were hitting the mark? Or just…
Welcome to the world of email marketing, where success hinges on your ability to connect with your audience in a meaningful way. A/B testing, often called split testing, is a powerful tool in the arsenal of email marketers, and today, we’re diving deep to explore its nuances and strategies. At its core, A/B testing…
Links are still a big deal when it comes to how Google and other search engines decide which websites should rank higher. Think of it this way: search engines use links to find new stuff on the internet, and they also use them to decide if a webpage is good or not. So, when you…
WordPress SEO plugins are like your sidekick, making tricky stuff easy. They’re like a map guiding you through the maze of SEO tasks, helping you ace things like finding great posts, fixing broken links, and sprucing up your site’s layout. In this blog, we’re diving into the top 10 WordPress SEO plugins that’ll make your…
When you’re at a bustling market, you stroll past vendors, eyeing their products, and suddenly find yourself drawn toward a stall. That journey, from catching your eye to making a purchase, mirrors what we call a sales funnel in marketing. In this article, we’ll learn about what a sales funnel is, why it’s important,…
Guess what’s been causing waves lately? AI Tools. It’s not just some sci-fi chatter anymore—it’s becoming the real deal, shaping how businesses run and defining what success means in this fast-paced world. Now, here’s where it gets exciting. We’ve got this lineup of ten AI tools that are like the superheroes of efficiency. They’re not…
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,…
If you’re on the hunt for a video marketing guide, you’re in good company. About 79% of marketers who haven’t dabbled in video yet are gearing up to create a video strategy in 2022. Video marketing is like the superhero of strategies – it’s fantastic for educating, snagging leads, and turning curious folks into customers.…
In the dynamic business landscape of the United Arab Emirates (UAE), efficient invoicing is paramount for success. This is why we’re discussing the best invoicing software in the UAE today. As businesses strive for streamlined financial operations, selecting the right invoicing software becomes a crucial decision. In this article, we explore the best invoicing solutions tailored…
What is billing software for distributors? Better yet, what is billing software in the first place? It is a necessity that distributors, wholesalers, retailers, and super stockers need to manage their huge inventories and their sales for it. As they deal in bulk items, robust billing software for distributors, like ProfitBooks, plays a crucial role.…
In the contemporary business ecosystem, Software as a Service (SaaS) companies stand at the forefront of technological innovation, transforming operational landscapes. They face regular accounting challenges, something that we’ll explore in this blog. This article meticulously examines the intricate accounting challenges confronting SaaS companies, shedding light on the complexities inherent to revenue recognition, subscription-based models,…
Through content marketing strategies, you have the opportunity to engage effectively with your audience. Content marketing strategies ultimately foster the growth of both your brand presence and revenue streams. An overwhelming 97% of marketers express some level of success with content marketing, and 61% highlight the paramount value of effective content marketing strategies in serving…
Web designing and marketing go hand-in-hand. This is why we’ve brought you this guide on the best web design and marketing blogs. We’ve covered all aspects of web designing, like UX design, website responsiveness, SEO aspects, and more. The same goes for Marketing. In this article, we’ll cover all you need to know about web…
After a crazy long year, the holidays are here at last! Your team is probably brainstorming ways to enjoy it, especially as employee management slacks off around the holiday season. Since the celebrations might not be the usual this time, it can be a bit tough for them, causing some stress and low spirits. This…
As a co-founder at ProfitBooks for over a decade, I’ve had countless conversations with UAE business owners struggling with their accounting software. The journey can be overwhelming when it comes to finding the right accounting solution in the UAE. While Tally ERP9 has dominated the UAE market for years, many businesses actively seek alternatives that…
Over time with changing trends, one of the best ways to connect with your audience is through Email Marketing. Free email marketing tools are remarkably convenient and cost-effective ways to showcase your products and services to your customers in no time. Since nowadays people can check their emails anytime and can access them on multiple…
As a business owner, we are always looking for ways to cut costs. If you operate out of a metro city, it’s difficult to find cost-effective options for business meetings, conducting interviews, or finding an affordable place to work. Sometimes investing in an office infrastructure is not possible for early-stage businesses. This is where…
Coworking spaces are quickly gaining popularity among organizations and have doubled their inventory in the past few years in the major markets in India. Seeing coworking spaces climbing charts industry experts and asset owners are researching whether this segment holds a future or not. Data on Coworking Spaces In India Flexible workspaces or business centers…
E-ledgers are like online registers maintained for each registered person. It will reflect the details regarding the GST liability, ITC available, tax liability paid, late fees, and interest. It is a handy tool provided in the GST system wherein the registered taxpayer can have information about his liabilities and credits at a single location which…
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…
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…
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…
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.…
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…
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…
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…
In the retail game, keeping track of inventory is key. It’s all about having the stuff people want, when they want it, and at a good price. Retailers use fancy tech, number crunching, and savvy employees to make sure they’ve got the perfect mix of products to meet demand without going broke on storing too…
A Bill of supply is an invoice that is issued when no tax is to be charged on supplies made or where tax is charged but no ITC can be passed on to the recipient. Here in this article, we have explained in detail situations where this bill is to be issued, its contents, and…
All businesses or organizations have two indispensable financial flows: Expenses and Revenue. The expenses part is what we refer to as accounts payable (AP). Let’s have a quick understanding of the mentioned terms. In simple words, revenue refers to the money coming in, and expenses refer to the money going out. The money coming in…
In our previous article, we discussed the MSME registration process in India. As it was an integral part of MSMEs in general, we had to talk about the benefits of MSME registration, that you can enjoy as a small business owner. There are many legalities surrounding MSMEs in India, however, we’ll discuss the benefits and…
The demand for revision in the definition of MSME has been pending for a long. The low threshold in MSME definition has created a fear among MSMEs of graduating out of the benefits and hence killing the urge to grow. The new MSME registration process and definition have been simplified, clearing away any previous fears…
Most good startups have one thing in common – a very social entrepreneur who is smooth at networking. In today’s world, it is extremely important to showcase your wares and ideas in front of the right people, at the right time. Due to the growing popularity of startups and the need for a place for…
A free inventory management software that works well is difficult to find and use. All software cannot be like ProfitBooks, which offers powerful and 100% free inventory management and is also easy to use. In this article, we discuss how inventory management works, and what free inventory management software you should use as a small…
There is a plethora of fluffy easy-reading business blogs that constitute the bigger business publications on the internet these days. Do not fall for them. These business blogs are written to appeal to the broadest possible audience, which in turn makes their content generic and useless to real businesspersons. Instead, try these business publications because…
Any business owner needs to do proper accounting to ascertain that the business makes profits. In the past, business people kept paper records that would, often, be difficult to consolidate. In the present day, the advancement in technology has eliminated the need for large paper files. Instead, small business owners can use free accounting software…
If you’re running a business in Australia, you’ve probably heard of the Business Activity Statement, or BAS for short. It’s not just another piece of bureaucratic jargon; it’s a crucial part of managing your finances. BAS is like a financial report card that Aussie businesses must submit regularly to the Australian Taxation Office (ATO). In…
Australia has a rather simple business structure. Unlike the rather complex 11-type business structures of the UAE, Australia only has four main types of companies that can be formed. In this article, we will talk about all four of these business structures, how they operate and what are tax systems surrounding them. So let’s get…
To start a business in Australia, you need to first apply for an Australian Business Number or ABN. This is a basic necessity every Aussie business needs to take care of. Taking care of the legality is the number one priority, and every legal step has guidelines that must be followed. According to recent data,…
Over the years, marketing as a concept has developed a lot. Gone are the days when businesses used conventional marketing techniques such as pamphlet distribution and newspaper advertisements to reach their custom target audience. With changing times and the evolution of technology and advertising platforms, brands have explored digital channels. This is where they get…
Payroll in general refers to the process of managing employee compensation, including calculating wages, deducting taxes, and distributing payments, usually on a regular schedule, like biweekly or monthly. In Australia, there are certain payroll rules and regulations and a special tax asserted by the Australian Taxation Office (ATO). Australia’s thriving economy and welcoming business atmosphere…
Are you a budding entrepreneur Down Under? If so, you’ll want to get cozy with the ins and outs of sole trader tax in Australia. Being a sole trader comes with a whole set of perks, like calling the shots and keeping all the profits, but it also means taking the reins when it comes…
Working on your own (sole trader) or running a company are two ways to go about conducting business. You’ve completed your learnings, put in your hours working for someone else, and now it’s the moment to start your own business. Starting your own thing, even if it means working with the same company as a…
As the co-founder of ProfitBooks, I’ve had the privilege of working with countless Australian business owners over the years. Through these relationships, I’ve gained deep insights into the Australian taxation system and its impact on businesses of all sizes. Two taxes that consistently generate questions from our Australian users are Capital Gains Tax (CGT) and…
In the world of Australian taxes, the Goods and Services Tax (GST) is a big deal. But calculating GST for your business may not be a daunting task. It started back in 2000 and has become an important part of how the country collects money. This tax system has helped Australia grow and build things…
As a small business owner who’s been running ProfitBooks for over a decade, I’ve seen firsthand how understanding tax systems can make or break a business’s financial health. When I first expanded my SaaS operations to Australia, I had to quickly get up to speed with their Goods and Services Tax (GST) system. GST in…
Do you run a small business in Australia and are curious about the legality and taxes of your business? Taxes in Australia for a small business are well-defined and not way out of the ordinary. This article will allow you to gather enough knowledge before consulting your accountant. Major Taxes For Small Businesses In…
Want to start a small business in Australia? This guide is all about the things needed to start a business in general, such as your business plan and model. We’ve talked extensively from a legal standpoint about how to start a business in Australia while adhering to the regulations. Recent data shows that while new…
4 Xero Alternatives in Australia explained in detail with a study on Accounting software.
Hey there, fellow business owners! I’m Harshal Katre, co-founder of ProfitBooks. After spending over a decade in the SaaS industry, I’ve learned that choosing the right accounting software can make or break your financial management experience. Today, I’m diving deep into Xero vs Reckon—two platforms that dominate the Australian accounting software landscape. I’ve had countless…
A good accounting software helps take a big load off during tax season. An accounting software is the best way to make and maintain a financial report. To help you find a perfect accounting solution, here is the list of Top 5 accounting software. Before we talk about the top 5 software, let’s talk about…
AI is currently taking over the world. Though the topic is so prevalent in our day-to-day conversations that you, your mother, and your grandmother are all talking about it. Importance Of AI Tools In Your Business. We are all aware of how demanding the startup and business market is. You, as a business owner, always…
The purchasing power of people is increasing tremendously and especially now that we are bombarded with ads coaxing us to buy something, there’s no doubt that online selling is booming. If you have a product to sell but don’t know where to sell it, this is the perfect place for you. We know that using…
No code and low code development platforms used to be buzzwords and now they are a reality. Entrepreneurs are using no code/low code platforms left and right, resulting in a tremendous efficiency boost. As a business owner, you might face several issues if you do not leverage no-code/low-code platforms. This can include facing a massive…
In today’s fast-paced digital world, managing your finances is easier than ever. Discover the top 7 online bookkeeping service providers that can help you streamline your financial tasks, track expenses, and keep your financial records in check. Whether you’re a business owner or simply looking to stay organized, these services have got you covered. Why…
Ever found yourself staring at tax forms as your coffee gets cold, wondering how GST works and if you’re doing it right? You’re not alone. As a co-founder of ProfitBooks, I’ve spent the past decade watching Australian business owners wrestle with GST compliance. And I’ve learned a thing or two about making it less painful.…
The pandemic taught us a lot of things. How to make coffee, how to make sourdough bread. The one thing we all learned during the pandemic is how easy it is to be a sole trader. In Australia, more than 31% of Businesses are sole traders, and the trend seems to be catching fire worldwide.…
How do you look for hotels from different websites, do you look at all the e-commerce platforms for hotel booking or are you thinking about trivago, like everyone else? wouldn’t it be wild to have a decentralized network like trivago, but for more than just price comparison? Well then let us introduce you to ONDC…
E way Bill is an electronically generated document issued for the transportation of goods by vehicles. Without an Eway bill, a registered person is not permitted to transport goods from one place to another if the value of the goods exceeds? 50000 or in some special cases where the supply is inter-state i.e., transport of…
Business expenses management is tough, especially for a small business. It requires more work, less time, and, most importantly; even less business expense. Managing your small business expenses can help you in ways that you would not have imagined. For starters, you will be able to understand your spending behavior more closely. You’ll be able…
Are you looking for a marketing method that can connect you with your customers, win over potential buyers, and boost sales? Well, look no further than email marketing! With this powerhouse tool, you can slide right into your audience’s inbox, showcase your products, and build trust in your brand. It’s like having a one-stop shop…
We have seen those movies and TV shows where the lead takes the company American Express credit card and goes shopping on her business day, and say, “Put it on my card.” As a business owner, I must have thought Wow, one day, I will have a credit card for my business and recreate this…
For any business looking to establish its identity in the US market, registering a trademark is an essential step. Not only does it give the legal business ownership over its brand, but it also safeguards its intellectual property rights and establishes credibility with its customers. It’s not a perk you can get, it’s more of…
Are you on the hunt for the ultimate cold email software to expand your outreach efforts? Look no further than the cold email solutions that we have mentioned in this article. With its assistance in sending automated cold emails, you can rev up your outbound lead generation game and skyrocket conversion rates. However, given the…
In the last five years since the introduction of GST?1,40,00,000 businesses have registered for GST, this is a milestone figure for the government. In the last five years, more than 92 lakh?new businesses have registered under GST which is 75%?of the total sum. The majority of these new businesses that have registered in the last…
Since the availability of the adorable Internet, we have shifted and outsourced the majority of our work to the Internet. Accounting is one of those things. This is why we have seen a rise in the cloud accounting software. If you are a business owner who wants to use accounting software, cloud accounting software is…
Whenever you come across a business WhatsApp account, you’d generally be more trustworthy towards the companies that are verified businesses. You must have noticed a green tick after the company name displayed on WhatsApp. This badge of honor is an indication of the business is an official business account. And it also gains tremendous trust…
Trademark registration is a must for any serious business. It makes the company legitimate, trustworthy, and most importantly secure from intellectual property theft. We all have a basic understanding of the importance of trademark registration, but more often than not, most business owners aren’t aware of the process of registering a trademark for their company.…
What Is Bharat QR Code? Since the demonetization of old currency notes, the Government of India has been making a big push for digital payments. To encourage cashless transactions, it has launched Unified Payments Interface (UPI) for smartphones, and for basic and feature phones, it has introduced Unstructured Supplementary Service Data (USSD). With the help of…
Starting a new business is one of the toughest decisions you can ever make. First, you need to find a good idea, then build a plan for marketing, branding, sales, hiring, etc. Then, you need to work on the product strategy and finally, raise capital to execute your plans. Sounds like a lot of work..…
In 2023 If your businesses can’t be found online, you might not have a business at all. No matter what your product or service is, you need to have an E-commerce site. Having an e-commerce website amplifies your company’s customer experience and solidifies loyal customers. India is building a robust internet infrastructure. According to data…
Picture this: you’re shopping online, eager to make a purchase, and suddenly you have a question about the product. You fire off a message to the seller, and… no response. How frustrating! A good live chat software can solve this problem in no time! In today’s fast-paced world, customers want quick and decisive answers to…
Five Essential Traits Of Successful Startup Entrepreneurs India is slowly becoming a hub for startups and micro and small businesses. With over 40 million small and micro businesses registered in India, it’s safe to say that a lot of people dream of being successful entrepreneurs. But who are these successful entrepreneurs? Are they born with a bit…
We are no strangers to counterfeit products like POMA instead of PUMA, or such fake products, both on online platforms and in local shops. Though Imitation is the sincerest form of flattery, a company can experience a loss of revenue due to people selling counterfeits or cheap fake products under your company branding. For a small business,…
Imagine a business owner. What is the image that comes to your mind? a person in a suite running around calling the shots and making big deals, but will you think that your local mobile repair shop is a business owner or your dry-cleaning lady is a business owner? The answer is simple: these small-scale…
Recently, I was reading about an Indian IT company InfoEdge’s monthly performance report. This company is behind many popular businesses such as Naukri, 99acres, Zomato, and PolicyBazaar.com. While reading the report, I noticed an interesting point. Just take a look at some numbers for Naukri.com : This one site takes 68% traffic share in the…
Google search (or as I lovingly call it, “googling”) has become synonymous with the word “search” itself. As a business owner, the single best thing you can do is create and optimize a Google Business Profile (formerly Google My Business) for your company. I discovered this firsthand when I set up ProfitBooks’ profile years ago,…
Instagram is becoming a prominent platform for just sharing photos and videos, but also for but also for new age pop marketing. You can reach your target audience in a very efficient, simple, and eye-catching way. Many businesses struggle with marketing on Instagram as the algorithm seems to be not in their favor. In this…
LinkedIn is a very unique social media platform. Unlike other platforms, LinkedIn is exclusively used by business owners and other professionals. People use this platform exclusively to talk bout their professional journey and businesses. LinkedIn is by far the most useful platform to get potential clients, talk about your businesses, and improve your professional network.…
With over 2. 11 billion active users per month, Facebook is a social media platform that gives small businesses several ways to promote their products and services, increase customer support and boost recognition in the market. Having a presence on Facebook is a must if you want your business’s content and products to your desired…
An entrepreneur’s journey starts with an idea. But when his small business gets off the ground, capital is required to fuel the growth. Earlier, I had written about 10 funding options for startups in India. Raising venture capital is one of that options. In this article, we’ll discuss VC funding in detail. What is…
The idea behind introducing Udyam Registration was to simplify the procedural format that business owners had to go through to register their business under Micro Small Medium Enterprise or MSME. Before the introduction of Udyam Registration, the procedural format for the same was quite hectic and a time-consuming bureaucratic process that used to require handling…
According to a recent study conducted in 2021 over 47% of new businesses fail during the first year of operation. Lack of funding turns out to be one of the common reasons. Money is the bloodline of any business. The long painstaking yet exciting journey from the idea to revenue-generating business needs a fuel named capital.…
One of our customers, Mr. Ashok deals in Solar Panels. He recently got a huge order from one of the state governments. He will get some advance payment but it won’t cover the initial investment in buying Solar Panels. Since, its a government order, full payment is assured after completion. However, his biggest challenge…
A very important metric that every business owner should be well aware of is the metric of managing once cash flow. Cash flow helps you understand how you are using your funds as well as help you allocate your capital resources appropriately. For a new business owner learning how to manage their cash flow is…
When it comes to the financial management of any business, it’s often said that Cash Is King! Whether your business is growing or struggling, managing your cash flow effectively is essential, and for many, it’s the key to business survival. You’ve probably heard the statistic that over 60% of businesses that fail are still profitable…
Want to kick some serious SEO butt for your small business this year? Maybe you’ve been itching to give it a go, but you’re not quite sure how to start. Well, fear not! We’ve got you covered with the top free SEO tools that are perfect for small business owners and entrepreneurs just like you.…
In today’s digital world, running a successful business often requires using a wide range of tools to increase productivity, streamline workflows, and improve marketing strategies. When it comes to online tools, free Google tools are undoubtedly one of the most powerful and versatile solutions available. While many business owners are familiar with popular Google products…
In recent years, digital payments have become increasingly popular worldwide, as of 2022 UPI has hosted more than 300 million transactions per day as more people opt for the convenience and security of paying through their smartphones. India has taken a significant step toward achieving a cashless economy with the introduction of the Unified Payment…
At a monthly meetup of local entrepreneurs, one business owner posed a thought-provoking question that got everyone thinking: “What are the simple cost-cutting ideas that I can implement today?” This question led to a lively discussion where participants shared their experiences and discovered practical strategies for reducing expenses and saving money. Through this blog,…
Are you an Indian business owner looking to gain a competitive edge in today’s fast-paced market? As the number of startups continues to rise in India, it’s more important than ever for entrepreneurs and business owners to stay informed and up-to-date with the latest industry trends and strategies. What can be a better way for…
In India, Financial Year is from 1st of April to 31st March every year. Hence, 31st March is an important date by which important financial obligations should be fulfilled. It is important for those who are required to follow mercantile system to ascertain the transactions accrued up to 31st March and to properly record the…
Looking to boost your business without hampering your bank account? As a small business owner, you know that promoting your products or services is essential to growing your business. However, traditional advertising methods such as TV ads or billboards can be costly, making it difficult for new businesses to compete. But worry not! In today’s…
Mr. Rakesh is a distributor of industrial pumps for the past couple of years. Recently, he met a potential customer at one exhibition and after explaining about the products he sent a quotation to that customer. After receiving that quote, the first thing that the customer did was to google Mr. Rakesh’s company name on…
As a business owner, you know that time is money. And while it may seem like a good idea to handle every aspect of your business on your own, the truth is that it’s not always the most profitable option. In fact, sometimes saving money can actually cost you money in the long run. That’s…
Last year, I spoke with a business owner who switched accounting software twice in under two years. The first system couldn’t handle inventory properly. The second looked impressive during the demo but required so much manual work that the team went back to Excel for reporting. The problem wasn’t the software. It was how the…
If you’re a business owner, you must have faced the issue of wasting your precious time on menial tasks like scheduling interviews, conducting manual accounting, sending hundreds of emails to generate leads, and spending countless hours on video creation. All this, while getting slow results. No worries; automation tools and business software are here to…
Do you know which is the underrated yet one of the most powerful and promising tools that play a great role in the success of a thriving business? It is a well-functioning and efficient software for all your business needs. Accounting software that meets all your business requirements helps the business to stay on top…
Top Payment Gateways In UK An online store is the best way to achive the dream of owen a buinesses for many new buinesses owners, but haveing a buinesses is chalanging especially the flow of money and customer transactions. This is where a payment gateway comes into picture. They are a fantastice resource…
Online payments have become a part and parcel of our daily lives. We’re transacting online not only through debit or credit cards but through numerous other modes like UPI, net banking, and wallets as well. Paying online is a fundamental feature that every e-commerce platform in the world offers. And they can provide this facility…
One challenge I consistently hear about is finding the right payment gateway for their growing digital businesses. With Africa’s e-commerce market projected to reach $5.3 trillion by 2028 at a nearly 10% annual growth rate, choosing the right payment solution has never been more critical. McKinsey estimates that the African financial services market…
If there is one technology that has flourished on a huge scale in the last couple of years and has redefined the e-commerce industry, it is the rise of online payments. From UPI payments to internet banking, the birth of online transaction methods has undoubtedly made things easier. Any business can integrate different types of…
Each aspect of your business is equally important, but if there’s one that stands more crucial than others, that would be the point-of-sale (POS). It’s the moment when a potential client finally transitions into a paying customer. Most businesses already have an established point-of-sale system. For brick-and-mortar stores, that would be the cash register…
Do you find it hard to get new business leads, or retain your customers? Anyone who owns a business has faced this situation at some time or the other. If you are a business owner, you must be aware of how important it is to be up-to-date with your leads and customer data. To sustain…
Nowadays, everybody can record and share videos instantly, but not everything can be done with the limited editing options that come with regular smartphones! There are plenty of special effects, styles, and liberties that youll want to feature on your video content, and can only be accessed through video editing solutions. The thing is that,…
ChatGPT is all people are talking about these days, you might have read about it in the news or on the internet. If all that buzz about ChatGPT has grabbed your attention and you know more about AI technology and how to utilize this tool in your business or startup you have come to the…
A digital marketing tool is very crucial for increasing your visibility on social media platforms and increasing your sales. What are these digital marketing tools, and how can digital marketers utilize them? All the tools available on the internet look very attractive and important. However, discerning which tools are great and which are not suitable…
Top 9 Global Payment Gateways Online payments have become a part and parcel of our daily lives. Were transacting online not only through debit or credit cards but through numerous other modes like UPI, net banking and wallets as well. Paying online is a fundamental feature that every e-commerce platform in the world…
If you are someone who has recently set up or has been running a small business for some time, as a business owner you must be aware of the challenges that come with it. All the nitty-gritty, taking care of every single detail and managing everything almost alone can get quite daunting. Maintaining different kinds…
Have you ever imagined or visualized your business succeeding and thriving because of one good software? Activities like keeping a track of all your bank accounts, manual expense management, or expense tracking feel very overwhelming. This feeling can be managed by using a good accounting solution. Well, it is all a matter of selecting a…
If you are someone who has just entered the accounting software market, you might be feeling overwhelmed by all the options available out there. There exist a number of alternatives for all types of accounting, invoicing, bookkeeping, to track expenses, making financial statements, financial report, understanding cash flow, accounts payables, etc. There are a lot…
Shopify Vs Amazon: Where Should You Sell? There has been a longstanding debate on Shopify Vs Amazon and which e-commerce giant will be best suited to your selling needs. This battle, Shopify Vs Amazon, can easily be regarded as the biggest in the world of e-commerce. In addition, it cannot be denied that…
The demand for accounting software has doubled due to the increase in small businesses and freelancers in India. But an all-in-one software like Xero is too expensive and difficult for small business owners and startups. Let us look into Xero’s usability and alternatives that save small businesses in India. Who should use Xero? What are the…
Ever found yourself checking your bank account for the fifth time in a day, hoping that invoice payment finally came through? Yeah, I’ve been there, too. I remember sitting at my desk one afternoon, staring at my unpaid invoices, and feeling a tight knot in my stomach. Three major clients were late. Again! And I…
Struggling with outdated spreadsheets and late payments? Consider switching to free invoicing software! These user-friendly platforms streamline the process of creating and sending professional invoices, track expenses, and accept online payments. Whether you’re a freelancer, a small business owner, or just starting out, there’s a free invoicing software solution to simplify your finances and get…
Finding the right person for the right job is the difference between successful and unsuccessful businesses. As this is largely dependent on the HR department, finding the HR tools can also make a difference. To find these perfect candidates who are in line with the company goals and vision, business owners have an HR department.…
In the modern business landscape, business owners have to keep track of a lot of moving parts. Even small businesses cannot keep track of all their accounts payable, accounts receivable, payments, etc. without the help of proper bookkeeping software. Today, there is a huge and diverse menu of accounting software that you can use for…
Businesses are very demanding. Constant innovation, development, and being creative keeps all entrepreneurs busy. Accounting should be the last of your worries. Leaving all your financial issues to a tech firm that doesn’t take a lot of your attention and still provides results? It’s a very efficient way to outsource your accounting needs. If…
Quickbooks is a very convenient accounting software, but they are not well suited for the Indian market, They have also announced its exit from the Indian market. Hence there is a need to find alternatives to Quickbooks. Whatever the reason may be for your shift of platform, we got you covered. Today we will be…
Released in 1986, Tally is one of the first software solutions that originated in India. When first released, it was a simple collection of accounting functions. Now, it is an all-around product that allows large companies, small businesses, and startups to plan available resources systematically. The software hit its stride in the early 2000s and…
The best way to grow any business is by providing great customer service and in order to create that bond with your customers you need a customer service department or a customer helpdesk. After all, having a great relationship with the clients is what makes a business thrive and grow. Support and Query management are…
After years of research, courage, and innovation you have finally made a product or service you are proud of. Your creation is ready to be out in the world to buy or use, the website looks applicative; you are ready to make it live. Now the only problem which is bothering you is which payment…
If you own a business, your gains are subject to taxes by the government. Business owners often lose a big part of their gains to income taxes. Therefore, business owners need to understand how to identify tax deductions relevant to their field of work. Higher tax deductions for small businesses also equate to a faster…
If you are an individual who had lived a life, you have fun stories to share and experiences to talk about. Your friends and family have heard your stories before, it’s time for you to have a podcast. From CEO to college students having a podcast can be an experience of a lifetime, Podcasting…
How would you feel when the most critical software that you use to run your business suddenly announces that they will no longer serves you? This is what happened when Intuit QuickBooks announced that they are going to shut down their India business. As a founder of a competing accounting software (ProfitBooks), I was surprised…
We all have heard the terms invoice and bill. However, I’m sure that not many of us are fully aware of the subtle differences between an invoice and a bill. Even I wasn’t, for several years after I started working. After running my business for over a decade, I’ve seen the confusion on people’s faces…
Podcasts are like the Swiss Army knives of knowledge, fitting an entire library of insights into the palm of your hand. Consider the following scenario: you are an entrepreneur who has recently started a new firm or has been running one for quite some time. You can barely find time for yourself in your busy,…
If you are a new business owner, then you might be familiar with the struggles of running a business. Buying raw materials, and organizing the business takes immense effort. Checking your money inflow and outflow and tracking all your payments and expenses for the business can be a challenging process. Switching to accounting software to…
Delayed payments are a persistent problem for small businesses, leading to increasingly severe effects and several concerns about their liquidity as a result. One in three businesses considers overdue payments one of the most serious dangers to their viability. A significant gap between income and managing real cash flow could be one major issue, particularly…
It’s not uncommon these days to discover folks who want to start from scratch and construct something from the ground up rather than looking for employment that doesn’t pay much. This is when a eureka-type business idea can save the day. Business ideas are one thing, but implementing them is another thing entirely. It is…
When you run your own business, every sound of tick-tock in the clock is precious for you. But, when it comes to keeping yourself going, regardless of where you are in your business journey, you always look for sources to learn something new each day. For that, YouTube has been an excellent platform for…
On 16th Jan 2016, Prime Minister Mr. Narendra Modi announced a bunch of benefits and schemes to promote the start-up ecosystem in India. The event was called ‘Startup India, Stand up India’. It has immense importance because, for starters, it was the first of its kind dialogue between Indias startup community and the government. Startup…
Ever wondered which accounting software truly delivers for African businesses? As the co-founder of ProfitBooks, I’ve spent the past decade interacting with thousands of African business owners, understanding their unique financial management challenges, and helping them streamline their operations. While I don’t personally run a business in Africa, these conversations have given me valuable insights…
If you own a business, your gains are subject to taxes by the government. Business owners often lose a big part of their gains to income taxes. Therefore, business owners need to understand how to identify tax deductions relevant to their field of work. Higher tax deductions for small businesses also equate to a faster…
Having a good plan for your business is very beneficial, not only gives you clarity but also helps for other reasons like getting investors. A solid plan is very crucial for all businesses making a business plan, is not an enjoyable process. In this blog, we will help you to create business plans as well…
Have you ever been in that awkward situation where a client wants to know exactly what they’ll pay, but you’re not quite ready to send an official invoice? I’ve been there more times than I can count. Proforma invoices saved my business relationships time and again. After running my small manufacturing business for over a…
In the end, everything comes down to your copy. To open a sales email, or not to; this is a common question that every person (including you and I) faces every single day. B2B buyers receive hundreds of emails regularly. They only open a small fraction of sales emails, read even fewer, and act on…
A common challenge for both small and large companies is how to handle inventory problems and solutions. The many processes involved in inventory management mean you need to keep a careful eye on your items. Knowing this is crucial for understanding inventory inefficiency. Otherwise, your products can easily get lost or damaged. This task…
Understanding what your expenses are is the first step in establishing a business that has a solid foundation. While its true that counting your expenses can be a lot less exciting than counting the profits of what your business provides, it still is an important part of how you can fully understand how the…
All businesses or organizations have two indispensable financial flows: Expenses and Revenue. Let’s have a quick understanding of the mentioned terms. In simple words, revenue refers to the money coming in, and expenses refer to the money going out. The money coming in (revenue) is responsible for meeting the requirements and helping to run the…
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 a bunch of these videos to your marketing strategy,…
It takes a long time and a lot of effort to get to where you can finally start your business. But the hard work doesn’t stop once you begin running your firm. You will face a slew of other milestones and obstacles, accounting being one of them. Accounting is critical as you start your small…
Small business email marketing might be a headache for many, as the owners try to find the best tools and platforms to invest in. Businesses are looking for effective ways to boost their presence and engagement with a limited budget, ensuring the money is well spent. Email marketing has experienced huge growth in the past…
Small business owners, should be very cautious with the money they are spending on their businesses. This might be very difficult for a lot of individuals. As not all business owners don’t have fancy business degrees but worry not! In this article, we are going to talk about the most common financial mistakes that small…
The Indian Prime Minister, Narendra Modi, launched an electronic voucher-based digital payment system, ‘e-RUPI‘ (or e Rupee), on August 2, 2021. The platform will be a person-specific and purpose-specific payment system. The launching of the e-Rupi confirms India’s first step towards having a digital currency in the country. Let us dive into the basic understanding…
In the business world, ‘It’s not about what you sell but how much and how well you sell it,’ states Brian Halligan, CEO & Co-Founder of HubSpot. And marketing is the key to increasing your sales in the business world. However, marketing in the traditional sense of the word no longer exists. In the digital…
A retail business’s inventory is among its most precious assets. As it has been proven to be the case, in the global ever-growing economy, for inventory-intensive industries such as retail, hospitality, and manufacturing, an entity’s finished products, raw materials, and other components are at the heart of its business. Therefore, a shortage of inventory at…
It’s been a long pandemic and it still continues to exist. Amid this pandemic, we have figured out a lot of solutions to our problems, a lot of ways to manage everything around us. We have changed some old methods and have transformed them into something that suits current situation and adjustments. One such…
However you look at it, email marketing continues to be a powerful advertising tool, even today. But it is also one that most businesses allow to go underused and is underestimated most of the time. It doesn’t take a genius to look at the numbers and realize the potential value there, yet for every bit…
According to the Bureau of Labor Statistics, about half of all businesses will close in their first five years of operations, and one of the most common reasons for closure is mishandling funds and running out of money. Rather than malicious fraud or disastrously low sales, what usually leads to financial crisis comes down…
The old adage “it takes money to make money” couldn’t be truer in the world of entrepreneurship. Unfortunately, getting the money that you need to expand or sustain your business is not always going to be easy. In some circumstances, you will be able to finance business endeavors with the revenue that your business is…
Website conversion rate is an essential metric to track for businesses large and small. A business owner or company leadership can learn a ton about consumer trust, website usability, lead generation, website optimization, user interaction, and more via conversion rates. Understanding your conversion rate more can also help you allocate precious marketing dollars toward the…
For startups and small businesses, bookkeeping can be a real challenge. As an owner or manager, you encounter these three options for accounting: do it yourself, hire an employee to do it, or let a third party take care of it. All of these options have drawbacks. With your spread-thin time, doing it yourself eats…
The digital age has brought endless possibilities to start online businesses of all shapes and sizes, so there’s something out there for all types of people. If you’ve got a knack for numbers and a good head for organization, starting a bookkeeping business might just be the right choice for you. It’s also a very…
If you’ve been running a small business for a few years, your questions have likely evolved from the earlier days of How do I attract more customers ? to questions more along the lines of How can I utilize my time better? And what questions don’t I know to ask that could grow my business faster? You…
Have you struggled to find the accurate amount of a transaction to close out the month? Maybe your team scrambled around to recognize what went wrong in the reporting cycle, or tried to identify how you achieved stronger sales last quarter. Problems like workflow issue solutions, significant accounting errors, and budget assessments can all be…
When you are running a company, there are some accounting basics you need to be clear about before you indulge in complicated transactions. Transactions can be difficult and to ensure that all is in place, bank reconciliation is necessary. If this prompts questions to pop into your head, further down is a full summary of…
As an entrepreneur running a SaaS company for over a decade, I’ve learned that building software from scratch isn’t always the smartest move. In fact, after 12+ years of running ProfitBooks, I’ve seen firsthand how white label solutions can be a game-changer for businesses looking to expand their offerings without the massive development overhead. Here’s…
After running ProfitBooks for over 12 years, I’ve had a front-row seat to how white-label accounting software can transform accounting firms. But I’ve also watched plenty of firms make costly mistakes when choosing the wrong solutions. Let me share the hard-earned lessons I’ve gathered while building and providing white-label accounting software to hundreds of accounting…
One of the best investments a small business owner can make is in people–both employees and customers. And you can easily serve your people with simple customer relationship management (CRM) software. The vast majority of companies have systems to handle data about product management. However, plenty of data and analysis is out there and received…
Being GST compliant isn’t a one-time checkbox — it’s a system you build and maintain every single month. And honestly, most small businesses don’t fail at compliance because they’re negligent. They fail because the rules shift faster than anyone can track, and no one tells you about the friction until you’re already stuck. This guide…
Small business owners make up for a majority of the working class around the world. Here are some numbers to support this claim: Small business units form close to 58% of the total employment. This number goes considerably up in low and middle-income countries. It might come as a surprise, but in countries that…
Why You Should Consider Starting an Online Business During the Pandemic For most niches, a business cannot continue as usual. Brick and mortar stores will feel the pinch that comes with behaving responsibly amid a global pandemic. Existing enterprises have an advantage over nascent ones, but they’re still struggling. Yet, according to the Wall Street…
Here’s an interesting statistic: at least 40% of online transactions are now done using mobile. With that in mind, more and more brands nowadays are using a responsive web design approach. However, to foster engagement and build brand loyalty, having a responsive web design alone won’t suffice. You also need to optimize your website for mobile search engine optimization…
“It’s not about ideas, It’s about making ideas happen” Entrepreneurs often believe that profit is what matters most in a new enterprise. But profit is secondary. Cashflow matters the most. When you are an entrepreneur, there are a lot of tasks and processes that demand your attention. On top of regulating employees and payroll,…
If you’re a software reseller, you’ve likely already discovered the massive revenue potential and business expansion benefits of white label software. I’ve been in the SaaS industry for over 12 years as co-founder of ProfitBooks, and I’ve watched this market evolve dramatically. The white label software market is projected to reach a staggering $225 billion…
The current pandemic has created financial instability for a lot of businesses. The measures that the government took to safeguard the citizens along with the threat of COVID-19 has led to the downfall of many businesses. A survey says that more than 30% of small businesses may go out of business due to this…
As we all know, people love to try products before they buy them. Looking at how something works with their own eyes is the best way to understand if a product is going to fill their expectations. And hey, that’s completely understandable. Nobody likes to feel disappointed by something they just bought! But with the…
Raising Funds For Your Business: Live Webinar By Mr Mukesh Mohan Gupta. At ProfitBooks, we believe that good financial health is key to running any successful business. That’s why we are on a mission to help 1 Million SMEs to organise their finances. After the Covid-19 impact, income has either stopped for a lot of…
Tough Times – Right Decisions: Chanakya Neeti for Managing a Business Through the Right Leadership. At ProfitBooks, we believe that good financial health is key to running any successful business. That’s why we are on a mission to help 1 Million SMEs to organise their finances. Things have changed dramatically in past couple of…
While remote working offers flexibility and access to a wider talent pool, it also presents unique challenges for business owners. One common problem faced by these owners is the effective management of remote teams. In a traditional office setup, communication and collaboration occur organically, but when teams are dispersed geographically, maintaining efficient workflows can be…
When it comes to running a small business, having the right free software for the job can make a huge difference in both your workday and your business performance. That’s why now is a great time to be an entrepreneur. You still need to wear a lot of hats, but there have never been more…
Within the past few decades, IT (information technology) has become a massive part of nearly every organization and office. The business world has gone digital in several aspects. A lawyer that aspires to achieve the best for his clients should also effectively devise a means of information flow between him and his clients. A lawyer…
Look, if you’re running a small business in 2026, you already know the drill: you’re managing payroll, chasing invoices, filing multi-state sales tax returns, and trying to figure out if that IRS notice about Employee Retention Credits is legit or just another audit trap. The right accounting firms don’t just “do your taxes” — they…
Ever been stuck in a nightmare of spreadsheets at 11 PM on a Sunday, desperately trying to organize your finances before tax season? I’ve been there. In 2013, before founding ProfitBooks, I ran a small digital agency and spent countless hours manually tracking invoices, expenses, and GST calculations. That frustration became the catalyst for creating a solution…
It’s your duty as an employer to provide and maintain a safe working environment for all of your employees. Whether you are working in an office or a factory, security should always be a priority. A safe workplace is one that’s free from hazards, which employees, managers and directors alike should work in harmony to…
How to Use Video to Build Consumer Trust in your E-commerce Company In the ephemeral online world, trust is too much of a precious thing. It’s not uncommon to see news about identity theft, online scams, phishing, and whatnot; people don’t usually associate shopping online with security, and who can blame them? This…
Stock damage or inventory damage is one of the biggest challenges faced by several managers and business owners in today’s highly competitive market. If you’re running an enterprise, along with the stock, you have to handle a lot many things. Read our article on 7 mistakes that entrepreneurs should avoid. for some tips on running…
7 Mistakes That Entrepreneurs Should Avoid Entrepreneurship is not a child’s play. The inevitable side effect that every entrepreneurship has to face is “failure.” Most of the thriving business persons have felt the taste of failure. Surely, it is not as satisfying as the feeling of success. However, it is a significant one. It is…
Are you torn between WooCommerce and BigCommerce for your online store? In this blog, we’ll dive into the pros and cons of each platform to help you make an informed decision. Let’s compare WooCommerce and BigCommerce head-to-head! Hunt for the Best eCommerce Platform Today, every business owner wants to take their business online due to…
The world of online retail is still showing considerable signs of growth on a global scale, and despite trends predicting a slight decrease in percentage growth for 2019 in comparison to previous years, there’s still scope for eCommerce businesses to scale up and take their share of the market. In this post, Jon Leighton…
What Is Order Management? Some businesses manage their orders manually and keep their records in ledgers. That being said, this is only good for small companies who process very few orders on a daily basis. For big companies with larger order inflows, the task of order management and processing can be challenging to carry out…
Buying and selling online- or eCommerce- in India will cross the UD$84 billion mark by 2021, says a joint report by Deloitte India and the Retail Association of India. The rising popularity of smartphones and inexpensive Internet packages will be the main drivers of this growth, the report entitled Unravelling the Indian Consumer further says.…
Inventory management can be a cumbersome task, especially if you have a large inventory to take care of for your company. Moreover, if it is not done the right way, it can lead to a lot of problems and losses. The right kind of inventory management is the key to success for a startup as…
4 Ways Flexible Packaging Could Benefit Your Business In an age where efficiency has become a guiding principle for every enterprise, saving time, money and energy has never been more important for financial decision-makers. Taking a conscious and robust approach to product packaging and delivery is one way to combat this issue in your enterprise.…
According to a Forbes-Google Video in the C-Suite study, lots of senior executives watch work-related videos and prefer video content over text. The study further found that these executives are open to sharing and viewing B2B videos on social media. In fact, among B2B marketers, videos are already the third most popular form of marketing…
Do you want to become a pro-Amazon seller? Here are the ten useful tips for selling on Amazon. Amazon is growing every year and is also a robust market place to survive. Numbers of Amazon seller accounts are rising day-by-day due to which the market is getting more competing than ever. If you have the…
Let’s talk about something that’s kept me up at night more times than I’d like to admit: late invoice payment. If you’re running a business, you’ve been there. That sinking feeling when you check your bank account, expecting to see a client payment that should have landed days ago, only to find nothing. Meanwhile, your…
Business! every step you take in your business should be calculated and tracked. If you are not tracking it, you are doing it wrong. Poor inventory management can be the absolute reason why your businesss efficiency is not the same as it was before. But there is much more to inventory than just its basic…
Every startup owner knows the struggle and importance of dealing with invoices. I’ve been there myself, juggling the excitement of building a business while managing the not-so-thrilling task of invoicing. Money is the core feature of your business, and you don’t want to mess it up, especially when you’re just starting, right? I learned this…
I’ve spent years running my accounting software business, and if there’s one thing I’ve learned the hard way, it’s this: Clear payment terms can make or break your cash flow. Let me share a little secret. When I first started ProfitBooks, I thought great software was all I needed. Boy, was I wrong! Our customers…
We are living in a world where carrying out daily business and personal activities is becoming very easy and smooth. In an era where digital signatures are being greatly embraced in the entire world, we no longer have any limitations in our business or personal lives. Typically, physical documents like invoices will always need a…
In our endeavour to help entrepreneurs to grow their businesses, we published lot of insightful business articles last year. Ive handpicked 10 of them that instantly stuck the cord with our readers. Hope youll enjoy these posts. Here are our most popular business articles from year 2017.. 1) How To Get Working Capital Loans…
Small business owners are often overloaded with tons of activities revolving around their business, and they have very little time left for managing cash flows or scratching their heads on companys finances. On the other hand, mismanaging your companys funds might lead to total failure of your business. Even though you have the brightest…
Using cloud technologies is crucial in today’s digital age. We at ProfitBooks encourage cloud technologies and computing more than anybody. Since we’re a cloud accounting software, we practice what we preach. Almost all companies are switching to cloud technologies, as it’s, simply put, a lot more efficient. Individuals don’t need to use local storage and…
In earlier articles, we’ve covered various aspects of Goods And Services Tax, how to create a GST invoice and finally how to file GST Returns. Now, once you file the returns, it becomes little tricky to make changes to the transactions of that particular month – specially Invoices. But we are humans and changes…
After a decade of debates, amendments, discussions, and varied opinions, India is all set for the implementation of GST Laws, which is a historic move by the government of India. The One Nation, One Tax is the core reason for the GST rollout, making way for GST software to emerge. It is a simplified, yet…
Every month suppliers will be required to upload their invoices to GSTN portal and those will be matched with the purchases from customers. So, invoice matching is going to be a monthly affair for businesses. Use of IT systems for bookkeeping and tax compliance work will be seen even in many small and medium…
GST is almost here and you must be wondering about lot of things, like – how this is going to impact my business, which vouchers will change, what are the minimum things I need to do in order to comply with GST and so on. We know this is going to be confusing and…
If sell products or services in India, you must be issuing invoice to your customers. Every business in India needs to know about the new GST invoice rules going forward. In this article, we’ve explained how to create GST invoice, various components that must be there on invoice, format of GST invoice and much more.…
It’s been a few years since you are running this business. You are about to end this financial year and now you want to know – What is my actual business worth? Most small business owners consider only revenue while assessing their business worth. However, they rarely consider one fundamental thing in the calculation Fixed Assets. An example…
Mr. Vinod manufactures solar panels. He just delivered a huge order to one Government office. As per the agreed payment terms, he will get the payment after 3 months. Now, he got another big order. But the problem is he doesn’t have enough money to procure raw materials to fulfill this order. His payment is…
I’ll never forget September 22nd, 2025. That Sunday morning, my phone started buzzing at 6 AM with panicked WhatsApp messages from business owners across the country. “Mohnish bhai, everything has changed overnight!” “My entire pricing structure is wrong!” “I don’t even know what GST rate to charge anymore!” You know what hit me that morning?…
Union Budget 2017 For Small Business And Start-ups Union budget is one of the biggest events in the financial calendar of the country and this year’s financial budget saw some great promises made for empowering the small and medium-sized enterprises (SMEs) and the start-up businesses. The finance minister announced some great tax exemptions and policies for the…
At ProfitBooks, we are committed to make taxation simple for small business owners in India. Since GST is set to replace various indirect taxes, we have started this series on frequently asked questions on GST. This article is next in this series. Earlier, we had covered Levy and Exceptions under GST and Tax payments under…
“You Can’t Improve What You Don’t Measure!” Small businesses must be well-informed to survive in a competitive environment and one of the vital competencies they must develop is to read and understand important financial statements. Understanding essential financial statements such as ‘Trial Balance’, ‘Balance Sheet’, and ‘Profit and Loss statements’ is of utmost importance, as…
In our endeavour to help entrepreneurs to grow their businesses, we published lot of insightful articles last year. Ive handpicked 15 of them that instantly stuck the cord with our readers. Hope youll enjoy these posts. Here are our most popular business articles from year 2016.. 1) 12 Inventory Management Techniques To Cut Losses Inventory is…
Mukesh Ambani takes Rs. 15 Cr as his annual salary, Snapdeal co-founders earn Rs. 46.5 Cr each, Flipkart founders take home Rs. 20 Cr every year, Mark Zuckerberg prefers to pay himself $1 per year, and Narayan Murthy earned just Rs. 1 as his annual payment. So, what’s the right salary for an entrepreneur? If…
Certain things just dont mix well like milk in Maggie or your parents and your goal plans, and even tho you can separate your goa plans and your parents .You should separate your business and personal finances separately. On paper this might sound simple and easy, but one day to get some groceries from…
ProfitBooks offers the simplest way to create professional invoices. However, creating and sending an invoice to your customer is a job half done. Most of our users tell us that it takes them average 18 days to receive money once the invoice is sent. So, to solve this problem, we had integrated Instamojo payment gateway with…
What is TDS? Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where the person responsible for making specified payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. As the…
In today’s scenario where doing business has become more stringent due to the mandatory requirement of complying with multiple & complex laws, taxation law is something you should outsource to an expert. Taxation laws not only in our country but worldwide are complex and not everyone’s cup of tea. As a business owner, you have…
When I first started my business, I was sending out invoices with vague payment terms like “Due upon receipt” and wondering why I was constantly chasing payments. After years of trial and error (and a few scary cash flow moments), I’ve cracked the code on writing invoice payment terms that actually work. Sometimes, your invoice…
We were planning to conduct a small workshop for business owners. There were a lot of activities to be done – Like sending invitations, confirming attendance, booking the venue, printing promotional materials, etc. Now, the problem was, we didn’t want to hire someone full-time just for this as it would involve more time and money.…
Setting up Taxes in ProfitBooks is easy. Just to go Accounting menu and click on Taxes. In this article, we’ll explain how to setup Service Tax, Swacch Bharat Cess and Krishi Kalyan Cess: Important Notes Here is a quick calculation for new service tax rates that is effective from 1st June 2016. Taxes are…
For small businesses, social media is the key to success. In the past, building a brand and attracting new customers was a daunting task, and while its far from easy, social media makes it more possible than ever before. If your business isnt on social media, its time to change that. Today well look at…
Update – Read about 5 Key benefits announced in Budget 2017 for startups. When finance minister, Arun Jaitley was about to open his Goodie Bag while presenting the union budget 2016, expectations from the startup community were sky high. In order to boost small business and MSME sectors, Mr. Jaitley announced various schemes and policies in…
A lot of businesses had to either change the way they work or shut down due to these fast-changing environments. This brings us to an important question – Can you future proof your business? Can we increase the chances of business survival? Let’s explore with a daily life example. Last weekend, I wanted to watch…
Now, get paid faster with ProfitBooks. You can now add a payment link to invoices when you email them to your customers. This guide shows how to integrate your Instamojo account and start receiving payments directly in ProfitBooks. Meet Instamojo Instamojo one of the best payment gateways in India. You can enable your customers to pay you…
Inventories that are mismanaged can create significant financial problems for a business. The use of inventory management techniques and advanced inventory management features can reduce supply chain challenges and improve operational efficiency. And an inventory management solution can provide a better future for retail business. Raj owns a retail store in Mumbai and last year he…
In our endeavour to help entrepreneurs to grow their businesses, we published lot of insightful articles last year. I’ve handpicked 12 of them that instantly stuck the cord with our readers. Hope you’ll enjoy these posts. Here are 12 best business articles of 2015 published on ProfitBooks blog Top 5 Payment Gateways & Wallet Providers…
Starting 15th November 2015, Hotel, Mobile Phone bills, airline tickets will get more expensive with the finance ministry of India deciding to impose a Swachh Bharat cess on all services. As a consumer, you will have higher input cost for your business and as a business owner, you need to be sure how to deal…
We know Facebook as a social network where we share updates with our friends. But did you know that you can use Facebook for business? Facebook is perhaps the only social medium that can help you reach out to over a billion people. It knows more about your customers than you do and can help…
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…
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…
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…
If you are providing your services to foreign clients, you might want to create invoices in currency that is different than your base currency. ProfitBooks supports multi currency accounting and invoicing. While creating new customers or vendors, you need to specify their currency & ProfitBooks will use that currency in invoices or other vouchers. Lets…
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…
ProfitBooks makes it very easy to create beautiful invoices. Lets see how to create an invoice for the first time. With ProfitBooks you can create 3 types for invoices: Credit Invoice (Used when the payment is expected in future) Cash Invoice (Used over the counter sales) Time-Based Invoice (Used for billing against tasks) Lets see how to create…