End your struggle to forecast sales with the Ultimate Sales Forecasting Guide Suppose you are a restaurant owner. You wish to forecast sales for your restaurant in the upcoming financial year. You will forecast each dish’s sales or certain meals…
What are the benefits startups can redeem in accounting? Warren Buffet once said, “Accounting is the language of business.” Now suppose Mr. XYZ starts a company. He has the funds to run his startup. Also, a robust business plan with…
Must-Have Salon Software to Excel your Salon Salon owners, do you consider your salon a small business? If yes, you should do everything a small business does. It begins with creating a salon business plan. It involves researching local laws,…
Accounting Tips for Small Businesses to Keep the Books Balance According to Wasp Barcode, around 21% of SMB owners admit not knowing enough about bookkeeping. If you belong to that 21%, you do not need to worry. We will give you…
Accounting tips for small businesses and start-ups The most daunting task after founding your startup is kickstarting your accounting. Accounting is not as easy as falling off a log but keeping track of your expense, cash flow, and business transactions…
5 Effective Accounting Tips To Smoothly Run Your Restaurant Did you also start your own restaurant to follow your passion? Then you might have or are facing hurdles to manage your restaurant’s accounting. Don’t stress out pal because, as per…
The Rich Dad’s Cashflow Quadrant: How to become an Investors “You will never know true freedom until you achieve financial freedom.” ― Robert T. Kiyosaki Being self-employed or a small business owner means you are your own boss. You…
3 Safe Harbors for all the Landlords and Real Estate Investors A safe harbor is a legal provision to eliminate legal or regulatory liability in certain situations, provided that certain conditions are met, Investopedia defined. These are rules by…
Why monthly bank reconciliation statement is important? Mr. XYZ of your company erroneously put a $100 invoice in accounts payable. Instead of recording it in accounts receivable. In simple terms, he recorded it as an expense. Sounds like a…
Small Business Credit Card Eligibility & Process A small business credit card is opened to separate business expenses from personal ones. In fact, it opens a line of credit for the business. These cards not only improve your credit…
A study by Securian Financial revealed that 72% of small business owners have no exit strategy at all. Business owners are unaware of the types of exit strategies for business. Having an exit strategy is as vital for small businesses….
Have any sudden expenses attacked your business and turned your hair grey in the past? The most possible reason could be not having a documented budget. “Budgeting is not just for people who do not have enough money. It is…
By Dipali Nishad for SKB Accounting What is a Business Credit Score? A business credit score shows creditworthiness of a company. It is calculated after analysing multiple factors to comprehend the financial position and risk of a business. It widely…
-By Dipali Nishad for SKB Accounting In the modern tech-driven world, outsourcing has been a hot trend. U.S. outsourcing statistics suggest that outsourcing in the financial services market will continue to rise by almost 7.5% annually. The prime reason businesses…
By Dipali Nishad for SKB Accounting Each year, people all over the world have a new resolution to improve their mental health, physical health and career goals among many others. We are here to remind you of some business resolutions…
By Dipali Nishad for SKB Accounting What is a Virtual CFO? In the cut-throat competition world, many businesses want to focus on their primary operations and get relieved from the financial stress. So, they outsource a Virtual Chief Financial Officer…
Do you find it difficult to manage business debts? Not to fear, a recent survey by Gallup states, 49% of small business owners find it difficult to manage their current debt. “If you really want to get out of debt,…
By Satrajeet Mukherjee for SKB Accounting All businesses are vulnerable to fraud. However, Cyber security often gets overlooked in the case of smaller operations which makes them more susceptible to cyberattacks. While proactive behavior is beneficial and essential, it’s not…
By Anushka Menghwani for SKB Accounting There have been dramatic changes in the Accounting Industry over time. With the continuous technological advancements, traditional ways of business functions are transforming. Modern Accountants are not responsible for just tallying financial columns now;…
Bookkeeping functions are the base of a strong accounting foundation for any business. While Production, Distribution, Sales, and marketing can be the core functions of any business, Accounting and Bookkeeping require maximum precision and accuracy. The finances of the business…
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