Tutorial: How to add a New Sale

Welcome to our comprehensive guide on “How to add a New Sale”. Step 1: Click on the POS icon on the Homepage. Step 2: Click on ‘New Sale’, and then click on ‘Add Product Manually’. Step 3: Next, select the product…

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The Power of Accounting Software: How it Can Revolutionize Your Business

Are you a small business owner looking to revolutionize your business with the power of accounting software? In this article, we’ll explore what accounting software is, its importance, and the various benefits it can bring to your business. From improved efficiency…

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How Dunning Can Help in the Timely Collection of Dues

The most crucial factor to keep a business sustainable is the steady flow of cash. If the cash flow is interrupted due to negligence in collecting dues, the business’s financial health suffers. Sometimes it may be a seamless process – the…

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Efficient Resource Planning Techniques for Small Businesses

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…

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Is Accounting Online Safe for Businesses?

The process of using internet technologies such as your smartphone or web browser to function business accounting is called online accounting. The purpose of online accounting is to replace spreadsheets, manual accounting that is paper-based, and other traditional software so that…

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What Is Safety Stock and How It Can Be Determined?

What Is a Safety Stock? The extra quantity of a product that is stored inside the warehouse to make sure that products remain in stock and an out-of-stock situation that can be avoided is called safety stock. If you manage to…

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ICAI has issued an exposure draft of the revised accounting standard

The Institute of Chartered Accountants of India (ICAI) has recently displayed an exposed draft on income taxes. This draft is for a revised accounting standard.  The exposure draft is indeed the newest among other few standards of accounting that have been…

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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…

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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…

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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…

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