The entity or person that extends the credit facility is called the creditor and; the entity or person that owes money to the creditor is the debtor.
Read More
The FM Nirmala Sitharaman delivered the shortest budget speech on agriculture, healthcare, MSMEs & infrastructure. Let’s check key takeaways from the union budget 2022-23.
Read More
Top 5 Ways to Improve Your Cost Management Strategy
What is Capital in Accounting – Capital Account
What is Profit Before Tax (PBT)? – Profit Before Tax Formula with Example
Accounts and Auditing – Importance of Accounting and Auditing?
What is Just-in-Time (JIT)? | Just-in-Time Inventory management
Quick Ratio Formula: How to Calculate & Examples
An invoice is simply a document that contains the particulars regarding the goods sold and the services provided by a business. In short, an invoice is a documented record that specifies the details
Read MoreMicroenterprises are very small businesses that are started with small amounts of money. Though they are small and operate within a very limited geographical area, they impact the economy.
Read MoreYou may be tempted to think of a business plan as an unnecessary formality or something you must submit to authorities. However, the person who will derive the most value out of making a business plan
Read MoreCash flow is an important metric measuring the health of the business. Let’s check the five most common mistakes businesses make when forecasting cash flow.
Read MoreReport automation is the generation of reports through software that allows one to create many different reports in a fraction of the time. Check how automating reports boost business reporting proces
Read MoreBank reconciliation is a process whereby you compare your financial cash transactions with those of your business bank account.
Read MoreBusiness reports do not get the recognition they deserve. Used frequently and correctly, they can be indispensable tools for businesses. The root of the problem is that many business owners do not
Read MoreThe most valuable data for the owner is to improve the business efficiency & TallyPrime is a software tool that helps to manage it. Let’s understand how small businesses can save money.
Read MoreSmall business management is no easy feat. It requires hard work, smart work, time, dedication, patience, and skills. However, with a clear mind and determination to make your small business
Read MoreWhat is Capital in Accounting – Capital Account
Quick Ratio Formula: How to Calculate & Examples