Category: Accounting

Whenever you start your small business, it’s easy to be caught up with the thrill of putting new products out into the market, hearing from customers, and dreaming of your next master plan. But as any successful business person will attest, it is the dirty work of invoicing, tracking expenses, and paying bills that somehow…

Picture this: A crowded store in the middle of an Indian bazaar. Customers enter one by one, goods sell rapidly, and the cashier writes bills in a till. Amid confusion, an error in calculation results in an argument. The customer leaves, disgruntled, and you miss a sale.   Now, picture the same store, but with…

In the modern fast-paced retailing scenario, supermarkets and grocery stores are perpetually tasked with optimizing operations, ensuring maximum customer satisfaction, and managing inventory levels effectively. Supermarket and grocery store billing software is a standard solution to this problem. So why is such software so pivotal to success? Think about savoring the ease of managing a…

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…