Expert insights on accounting, GST, invoicing & business growth for Indian SMEs
What Is a Profit and Loss Statement (P&L)? At the end of a financial year or in between every business wants to know whether it is gaining profit or suffering with a loss. Profit and Loss Statement (P&L) is a financial statement that provides a summary of a company’s revenues, costs, and expenses incurred over…
Introduction Electronic items changed the human lifestyle. Like a refrigerator, fan, oven, electric induction, iron box, washing machine, etc. All we get at electronic store. These home appliances have reduced human work. Nowadays the use of electronics equipment has become more due to huge growth in technology, Which in turn is increasing the demand of…
Looking to open a Departmental Store/Kirana shop in your locality? Introduction Well, starting a kirana business is not at all a big deal if you have cash in your pockets, but making it successful is! Having a successful departmental store depends greatly on offering the right product, at the right price, at the right time…
Who on the earth has not visited a “ Gift Shop” or a “Fancy Store”? We all have! Whether it’s for weddings or birthdays, housewarming or anniversary parties, we Indians are bound to carry gifts with us. It has become such a norm in India to gift people on a special occasion in spite of which…
Looking for new business ideas?Choosing to start your own Bakery Shop business is a wise decision I would say! Bakeries are quite popular in India. Almost every street in Indian cities has a bakery shop. Opening a bakery shop presents many unique challenges that are different from other types of businesses. Here are 13 Simple…
“Close Book” is a strong part of Financial Year – End procedures of every business. So, what is this “Close Book”? “Close Book” is the accounting process where you clear your previous year account balances (of the income and expense accounts). i.e You start fresh again!!! Doing “Close Book” at right time will prevent you from making…
Introduction Are you an expert in a particular field? If so, you can work as an advisor to companies or an individual and draw huge salaries out of it. You see, in this day and age, anyone can start a consulting firm. All you need to discover is what your particular gift is. In India,…
Introduction So thinking about “How to open a Pharmacy / medical store”? Let me tell you this, the pharmacy business is an evergreen business in India that is not affected by economic cycles. So, if one has minimal capital investment and space, the pharmacy store is ideal for many businessmen across India. You can either…
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