Recent Posts
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Articles Inventory ManagementNational Logistics Policy – A game changer to reform India’s logistics sector?
A $160 billion logistics industry in India encompasses 20 government agencies, 40 partner government agencies, 37 export promotional councils, and 10,000 commodities. Add numerous shipping agencies, inland container depots (ICDs), container freight stations (CFSs), IT ecosystems, banks, etc. to this and it makes the entire sector highly decentralized, complicated, and…
3 mins read
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Guides InvoicingInvoice vs. Bill vs. Receipt: A detailed comparison
"I will pay the hotel bill when we check out." "You can pay the invoice using either your credit card or cash." "Thank you for purchasing! Please collect your receipt." You might have come across the terms invoice, bill, and receipt in your daily life. Although these terms are often…
3 mins read
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Articles AccountingChoosing the right financial metrics for your business
Diving into your business's core financial data may seem like a tedious activity that can often be confusing and time-consuming. But understanding where your business stands needn't be too difficult if you're looking at the right numbers to get the right results. Here's where reports with the right metrics come…
7 mins read
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Articles AccountingSimple solutions for bank reconciliation challenges
Bank reconciliation is quite similar to a game. It may be complex; there are rules you need to know, things you need to look out for while starting, and challenges you need to prepare for midway. But once you've waded through it all, it's safe to say that you'll feel…
6 mins read
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Articles Accounting8 ways to save money through bank reconciliation
The final step of any task is as crucial as the first. Reconciling your bank accounts can seem like a process you may want to put off for later, but the more often you do it, the more beneficial it is for your business. A bank reconciliation is when you…
6 mins read
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Guides Invoicing10 common invoicing mistakes to avoid
Caught up in the ever-continuing spiral of providing quality offerings, improving existing services, and acquiring new customers, businesses often treat invoicing as an afterthought when they deserve more attention than they receive. Invoicing is foundational for any business. Getting it wrong means disrupting your cash flow and the smooth functioning…
5 mins read
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Articles AccountingHow to make bank reconciliation easier with cloud accounting
Hearing the words "bank reconciliation" may make you groan, and we understand why! Reconciling your accounts manually can be a long, cumbersome process prone to human error and further risks, costing you time and money. If you have a business with multiple accounts, it may be more difficult to oversee…
4 mins read
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Guides Accounting‘It’s a match!’: A simple guide on how to do bank reconciliation
Finding the perfect match isn't always easy, especially when it comes to business transactions! Let's say you check your records at the end of a certain period, and while calculating your total figures and cross-checking them with your bank statement, something doesn't add up. There's a mismatch between your cash…
4 mins read