Recent Posts
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General-FAQ AccountingFrequently Asked Questions about eTIMS in Kenya
1. What is eTIMS in Kenya? eTIMS stands for Electronic Tax Invoice Management System. It is a cloud-based software introduced by the Kenya Revenue Authority (KRA) to make it easy for VAT-registered businesses to connect their accounting platform with KRA without having to buy expensive electronic tax register devices. 2. Why…
3 mins read
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Guides Accounting
Learn everything about eTIMS and it’s impact on businesses in Kenya
The evolution of tax invoice management in Kenya The tax scenario in Kenya is undergoing major changes with the introduction of eTIMS. As a practice set to modify how businesses manage tax invoices, eTIMS is crucial in persuading tax compliance and overall performance. This guide throws light on the features,…
3 mins read
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Articles Expense ManagementFrom awareness to action: Tackling carbon emissions in corporate travel
A few decades ago, climate change and global warming became popular topics, warning humans to take action to protect the environment. Today, the fears those topics sparked are a reality. From floods, forest fires, and seasonal shifts to devastating health risks, the effects of global warming are being felt across…
4 mins read
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Guides Inventory ManagementWhat is consignment? Definition, Strategies & Advantages
In the retail world, the consignment model has gained notable popularity. This model aligns with the growing demand for sustainable and affordable shopping options. Consignment is changing how we think about retail, from stylish fashion stores to your local thrift shops. It is a crucial strategy for anyone looking to make…
4 mins read
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Guides Inventory Management
What is cycle counting? A 2024 guide
Any business that handles inventory knows the challenge of ensuring its physical stock matches its records. Discrepancies often arise from inaccurate records, poor inventory management, or inconsistent warehouse practices. To address this issue, many turn to cycle counting, a preferred method for maintaining accurate stock levels. What is cycle counting?…
4 mins read
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Guides Inventory Management
ABC analysis in inventory management
Managing inventory effectively is crucial for any business aiming to meet customer demands without the pitfalls of overstocking or understocking. Enter ABC analysis, a strategic approach leveraging the Pareto principle's insightful 80/20 rule: Typically, 20% of your stock generates 80% of sales. By following this guide, you will learn how…
4 mins read
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Guides AccountingSafaricom M-PESA integration with Zoho Books: Definition, meaning, and uses
Getting invoices paid on time is important for businesses. It keeps the money coming in regularly, which is key for financial prudence and to ensure your business operations run smoothly. For businesses in Kenya, Zoho Books offers an integration with M-PESA to simplify the process of receiving payments from your…
4 mins read
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Expense Management GuidesA handy guide to crafting the right per diem management policy
Per diem, a Latin phrase meaning "by the day," refers to daily allowances given to employees traveling for business purposes. While that sounds like a simple concept, it is far from it. The per diem rate decided by an organization is based on numerous criteria such as government regulations, destination…
4 mins read