14 Jul
What does the subscription economy mean for retailers?
The future of business is the subscription economy. People’s habits of buying things have changed a lot because of the internet. But the subscription economy is about more than just technology. It is a huge change in how people all
30 Jan
What is Kanban Inventory System? What are its Benefits?
Managing inventory is one of the biggest challenges for any business as a deficit or surplus of stock will affect operations. In the early 1940s, Taiichi Ohno, an industrial engineer at Toyota, came up with a smart way to manage
16 Jan
Woocommerce and Shopify: What to Choose?
Having plans to start an online store and looking for the best platform or plugin to make your online store accessible and popular among customers? The most popular options are WooCommerce and Shopify. These platforms offer a suite of choices
29 Nov
What is Business Valuation and When do Businesses Need it?
A business valuation indicates the economic value of a business or in simple terms, its market worth. Usually, business valuation is a preferred tool for measuring a company’s value when there is a sale, liquidation or merger taking place. There
29 Oct
What Does an Inventory Manager Do – Job Profile, Responsibilities & Salary
Inventory or stock is the main component of any business. It is an accounting term that indicates the complete list of materials on hand for resale or for supporting business operations. Inventory is a current asset in the books of
12 Oct
What everybody ought to know about Accounting and A.I.
Smart Accounting with Artificial Intelligence. Accounting is an integral part of all kinds of business operations since ancient times. As technology evolved, so has accounting, and now Artificial Intelligence (A.I) is slowly becoming the part of the accounting process. Accounting
27 Aug
What is a Quotation and What to Include in a Quote?
Quotation or Quote in business is a formal document of reply by the seller to a prospectus customer or a buyer . However , it should contain the details of the products or services that the buyer wishes to avail
15 Sep
What is Account receivable? And Why do we need it?
A company gets an order of 5000 units of mobile phones but doesn’t get the entire amount up front and they receive payment for the half and the other half is a line of credit. for example, one half of