For every emerging enterprise, the biggest challenge does not involve coming up with a new idea; it lies in sustaining that idea. To be a successful business, the rule of the thumb is to keep it buoyant. A study indicates that only 48.5% of the startups remain open and turn into small businesses after five […]
What is the Difference between Journal and Ledger?
According to the double-entry system of bookkeeping, each transaction affects two particular accounts. The process of accounting can be defined as the process of recording every financial transaction in the system. This process starts with creating a journal that is followed by a ledger account, trial balance, and final accounts. The two important pillars that […]
The Importance of SAC Code in Invoice
Business, national or global, is an ever-growing network of traders and consumers involved in the trade of many products and services. Without proper organizational tools, a business can go berserk. Thus, to streamline trade, product classification codes like HSN and SAC are the most practical measures to be taken by the government. What is SAC […]
Steps to Improve Receivables Management
The biggest challenge faced by any large or small business, more than sales, branding or expansion, is to keep it buoyant. And one way by which you can keep your business afloat is by ensuring a steady cash flow. A business can sail through highs and lows of profit generation, but it cannot survive an […]
When is a Credit and Debit Note Issued?
Maintaining legally compliant, professional invoices is imperative to the operations of any business. But once you have created an invoice, it may not be the final one as there can be several changes due to various reasons in a single transaction. Is it possible to edit the invoice n-number of times as and when there’s […]
The Importance of Real-time Tracking of Accounting Transactions
Gone are the days when people used to go through loads and loads of ledgers and financial statements to find that one entry they were missing. In these modern times along with everything else, accounting has been simplified as well. This is the modern era and therefore, methods of accounting have advanced as well. In […]
How Can a Free Chartered Accountant Seat Help in Efficiently Filling GST?
Cloud accounting software is the best investment to scale your business. You can easily collaborate with your Chartered accountant and team members for GST filing and other financial decisions. With the advancement of technology, more and more firms are looking to embrace cloud networks for their business activities. This software allows them to enhance their […]
Inventory Management Software: Advanced Features
Inventory Management Software is the heart of a business, and its importance can never be undermined. Imprezz Inventory management uses advanced inventory management features to ensure seamless functioning of the supply chain through effective communication and clarity in analyzing each and every step. What is an Inventory Management System? An Inventory Management system helps a […]
ROLE OF INVENTORY MANAGEMENT IN PURCHASE ORDER
The beginning of a supply chain starts with a purchase order. Imprezz helps in automation and speeding up Purchase Order. The efficiency of the purchasing team plays a vital role in the Inventory Management for the entire supply chain. The mistakes causing the firm to incur drastic losses can be significantly reduced by optimising the […]
Inventory Management: A Comprehensive Guide
Inventory management is the heart of a growing industry. With its complexity, it becomes tough for those who are starting. This comprehensive guide to inventory management will cover each and every aspect of it, the best techniques you need to follow, the best practices, the ideal software, and much more. It also covers how Imprezz […]
