Author: themochatechnologies
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What Invoice Means: A Beginner’s Guide
Explain what an invoice is, its components, and why it’s crucial for business transactions in India. Irrespective of the size of your business or the industry that you operate in, invoices are a basic yet critical document. If you have just started a business or are likely to open one in the future, you will…
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Sales Management Meaning: How It Helps Businesses Grow?
Whenever we think of sales management, we think about our sales team meeting prospective clients, closing sales deals, and achieving their sales targets. However, it is a wider concept that involves strategic thinking and building a culture of excellence to ensure that the efforts of the sales team align with the objectives of your business.…
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What is Invoice Management? A Comprehensive Overview
Financial management is a necessary part of a business workflow. Right from outsourcing materials to the final delivery of the product or service, every piece of financial information has to be collected and analysed carefully. Invoice processing is the part of financial management that handles most of the financial elements of a business. For example,…
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What is an Asset Account? Examples and Importance in Accounting
An asset account is a subcategory within a company’s general ledger, depicting the value of assets owned by an organization. The assets owned by an organization represent economic value and are expected to provide benefits in the future. For businesses, these assets also find their way into the balance sheet, and for them they also…
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What is Capital Account in Accounting? Examples and Importance
For any business, anything that contributes to the generation of value, including intellectual, financial, social, or physical value, is known as capital. Capital is the foundation of your business’s financial health and success. It is fundamental to all your financial transactions and decisions, which not only allows you to cover your day-to-day expenses but also…
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Bookkeeping Software for Free: Is it Worth It for Small Businesses?
In today’s fast-paced business world, having organised financial records is paramount, especially when preparing for the tax season, tracking expenses, and managing invoices. However, investing in expensive and paid tools might not be suitable as it stretches the budget. This is where bookkeeping software for free comes to the rescue, offering an alternative option to…
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What are the Liabilities in Accounting? A Comprehensive Guide
Even though no business likes to be in debt, it’s an unavoidable part of the process. What we call debt, accountants call liabilities in their accounting books. If debt is there, it’s essential that accountants can find and record it in the books. This guide is dedicated to sharing all the information you need to…
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Free Accounting Applications: Do They Meet Business Needs?
Businesses require constant development and innovation to keep them thriving. And make sure their entire focus is on product development, customer satisfaction, and operations. Accounting should be the last of their problems to deal with personally. They already have so much on their plate to deal with. It takes away a lot of attention and…
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Free Accounting Package Software: How to Choose the Right One?
As a business owner, one of your top priorities must be managing finances efficiently and effectively. To do that, you need the right yet free accounting package software. A free accounting software that offers all the essential features to accommodate your specific business financial requirements. Indeed, it must be able to perform regular daily accounting…
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Formula for Cash Flow from Operations: How to calculate and use it?
India is maturing into a dynamic economy where the liquidity potential evaluates the position of a company; therefore, cash management in India is critical for enterprises of all kinds. Before you know your company’s financial health, you must know the formula for cash flow from operations (CFO) and what this calculation considers. Once you understand…