In this fast moving business and market environment, the competition is cut-throat. Most businesses, say retail shops in the same vicinity, purchases from the same wholesaler or dealer. So apparently two retailers buying from same origin and henceforth having same margin of profit should make profit equally. But, this does not happens in real life. […]
Category: Blog
What’s all the buzz about Customer Relationship Management (CRM)?
Customer relationship management is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study large amounts of information. Complex? Let’s simplify this, business is all about how the business generates leads, converts the leads into customers, sustains the customer and finally motivates the customer to […]
Why QR Code On Sales Invoice?
Quick Response Codes or what we know as QR codes are special codes directly linked to the bank account of the user to accept instant cashless and contact less payments. QR code these days have become the most common mode of payment in the market. And payments, we all know as businessmen is the most […]
Filing NIL Form GSTR-1 through SMS on GST Portal
A citizen may now record NIL Form GSTR-1, through a SMS, aside from documenting it through online mode, on GST Portal. 1.To document NIL Form GSTR-1 through SMS, the citizen must satisfy following conditions: 2.They should be enlisted as Normal citizen/Casual citizen/SEZ Unit/SEZ Developer. 3.They have legitimate GSTIN. 4.Telephone number of Authorized signatories is enlisted […]
Reduced TDS & TCS Rate from 14-05-2020 to 31-03-2021
In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, […]
Types of Inventory Management Systems
Are you thinking of organizing your business and adding a pro aspect of electronic or online management into it? Do you find it difficult to manually manage the inflow and outflow of resources and physical components of the business into that old ragged diary of yours? Is your business suffering from problems such as dead […]
Features of Inventory Management Software
Running a business, a factory or an industry? What bothers you the most? Sales and Profit. But it is impossible to obtain the level of sales that you aim for until you concentrate on managing your own product, the raw materials and the processing material such as spare parts of those machines which are required […]
10 Reasons why you need Business Accounting Software
Do you own a business of your own? If yes, then chances are that you always look to create your business more efficient in terms of management of money and material. Well in today’s fast paced business world technology can prove to be a great aid to your business issues. Smart phones, social media and […]
GSTR-9
1. What is Form GSTR-9? Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc in this return. […]
The Futuristic Approach To Business Accounting & Billing
With the increase of rules and peculiarities in this new generation business environment, all what a business needs is simplicity and organized methods to deal with the clients and suppliers. The basic problems faced by a small or medium scale business are marketing and exposure, but this is almost impossible to achieve unless the internal […]