Featured
Delivery Challan Meaning & Format
Businesses having multiple outlets or operations at different places might be well aware of a delivery challan or delivery challan format. But issuing a delivery challan might be confusing for those who are just starting out in a bu...
Featured
GST EmSigner Error – https://127.0.0.1:1585 – Failed to establish a connection to the server
“Failed to establish a connection to the server. Kindly restart the EmSigner.” You must have encountered this error on the GST portal while filing your GST return or during DSC registration. It is called an emSigner error. Gov...
Billing
Difference between a debit note and a credit note
What are the Difference between a Debit Note and Credit Note BASISDEBIT NOTECREDIT NOTEDefinitionA Debit Note is a detailed document that indicates a debit to the other party’...
Bill of Materials – BoM
An itemized inventory of all the components necessary to make or sell a product is termed a Bill of Materials (BOM). Succeeding are the BOM meaning and other details. What is...
Shop Bill Template
A shop bill book is like an identity of your business. Every customer gets to keep a part of that identity through the invoices you generate, and you get to keep all your issued do...
GST
Meesho Seller Registration
What is Meesho? Meesho is the biggest and most reputable reseller marketplace in India. It is an e-commerce platform where resellers can sell products online via Facebook and Whats...
Letter of credit
What is letter of credit? A letter of credit, or LC, is a legal document that ensures the buyer will pay the seller. It is provided by a bank and guarantees prompt and complete pay...
Accounting
Cash Vouchers
Cash vouchers are vital in facilitating financial transactions and tracking expenses for firms and organisations. Cash vouchers are valuable instruments for recording and monitorin...
Purchase Return Journal Entry
When a company purchases goods or services, there may come a time when they need to return them due to various reasons such as damage, wrong item delivered, or overstocking. This p...
Bills Payable in Balance Sheet
Bills payable are short-term debts that a company owes to creditors. A company’s balance sheet is a financial statement that provides a snapshot of a company’s financia...
Bookkeeping
Purchase Return Journal Entry
When a company purchases goods or services, there may come a time when they need to return them due to various reasons such as damage, wrong item delivered, or overstocking. This p...
Bills Payable in Balance Sheet
Bills payable are short-term debts that a company owes to creditors. A company’s balance sheet is a financial statement that provides a snapshot of a company’s financia...
How to Calculate Accounts Receivable Turnover Ratio
Debtors Turnover Ratio Formula No business can afford to conduct all transactions in cash; thus, making credit available to clients is a requirement. But collecting book debts quic...
Banking
Credit Limit
What is Credit Limit? The credit limit of a credit card refers to the maximum amount of credit a bank or other lender will extend to a customer. The credit limit varies depending o...
PAN Number – Permanent Account Number
What is PAN Card & PAN Number? Full-form of PAN : Permanent Account NumberPAN Number is a 10-digit alphanumeric Permanent Account Number provided to all Indian taxpayers. It is...
Tax
QRMP Scheme
The Indian government has introduced the QRMP plan to make it easier for small business taxpayers to file taxes. What is the QRMP scheme? The Quarterly Reports Monthly Paymen...
Different Types of ITNS Challan
In earlier times, tax-paying used to be a manual job. An individual or a company had to pay their taxes at their respective banks, and then the Income Tax Department would collect ...
Business Ideas
All You Need to Know About Drug License in India
Every individual has the right to access medicines and drugs for their physical and mental well-being. The store that manages the distribution and sale of these drugs is called a d...
FMCG Products Distributorship Opportunities in India
Consumer products that are sold quickly at a relatively lesser price are categorised as fast-moving consumer goods which in short is known as FMCGs. If managed properly, FMCG prese...
How to Use POS Systems in Retail Business
Upgrading a cash register to a point-of-sale (POS) system is likely to be a difficult task. However, due to the POS system’s increased operational efficiency, you may anticip...
Finance
Tax Incentives Under the Startup India Action Plan
“Are you a small business owner in India looking for ways to reduce your tax burden and invest in your company’s growth? Have you heard about the tax incentives provide...
Profit Maximization vs Wealth Maximization
Profit maximisation and wealth maximisation are two different approaches to business. The main focus for any business is profit maximisation, but many people need to realise that w...
Financial Reporting
Financial reporting gives you an insight into the financial performance of a business during a certain period. Tracking business metrics allows you to stay up-to-date with your bus...
Inventory
Building a Barcode Inventory System for Your Business
For a layperson, a barcode may be just a set of black lines on a white surface. But in reality, entire inventory systems run on the barcode system. It is one of the oldest and most...
Inventory Management Formulas for a Successful Business
Inventory management is a complete task in its own right. From keeping track of the stock to ordering and purchasing new items, it is necessary to follow a routine to maintain the ...
Inventory Turnover Ratio
What is Inventory Turnover? It is the rate at which a company orders and replaces its stock depleted by sales. It includes all the items in a company’s stock that will be sold. It ...
Loan
Udyogini Scheme
What is Udyogini Scheme? The Women Development Corporation’s Udyogini Scheme provides subsidised loans to budding women entrepreneurs from rural and impoverished areas. Udyog...
Mahila Samridhi Yojana and How to Apply
What is Mahila Samridhi Yojana The Indian government introduced the Mahila Samridhi Yojana (MSY) as a programme to give women working in the unorganised sector financial and social...
SME Loan Guide: Definition, Features, and Benefits
What is an SME Loan? An SME loan is specifically designed for small and medium-sized enterprises (SMEs). These loans help businesses expand, invest in new equipment or machinery, o...
