Understanding the relationship between what a business owns and what it owes in the short term is fundamental to assessing financial health. This balance directly impacts operational capability, growth potential, and overall stability.
“Current assets” and “current liabilities” might sound …
Managing vendor payouts is fundamental to running any business that collaborates with suppliers, partners, or service providers. While paying vendors on time and with precision is essential, many businesses still use manual processes that are complex and error-prone. This not …
Managing accounts receivable (AR) is key to maintaining steady cash flow, which is essential for a business’s success. It involves tracking customer payments and ensuring they are collected on time. Manually handling AR processes can be time-consuming and prone to …
Institute of Finance & Management (IOFM) data reveals that only 5% of PO-to-invoice matches are 100% accurate on the first try. Besides being inefficient, manual accounts payable (AP) or accounts receivable (AR) processes have many hidden and direct costs …
Union Budget 2023 is coming soon – it is that time of the year again when businesses and commoners listen keenly to every word of the Finance Minister on how the Govt. will allocate funds and amend rules across various …
It’s time to review your business’ financial insights for the passing financial year, think of the key learnings and make purposeful decisions for the coming year. It’s #ThatTimeOfTheYear to discover opportunities, to step out of your comfort zone, and invest …
Everyone will remember the Union Budget 2022 for its brevity. The Budget proposed measures for micro, small and medium enterprises (MSMEs), which contribute over 30 percent to the country’s GDP, to help them recover from the pandemic. Apart from this, …
Growing businesses often see a ton of expenses piling up. As a business owner, you find yourself more often than not, weighing different business credit options to tap into.
To make matters worse, the knock-on effects of COVID-19 are seemingly …
