The Ministry of Finance has declared that, as of April 1, companies having annual revenue of Rs 5 crore and above must include a six-digit HSN or tariff code on all invoices they issue for the provision of taxable goods and services. On B2B invoicing, those with a turnover of up to Rs 5 crore …
What is an HSN code, and How does the HSN code work? Read More »
In the complex world of international trade, a smooth flow of goods and payments is crucial for buyers and sellers. The proforma invoice is an essential document that plays a pivotal role in this process. Often misunderstood or overlooked, the proforma invoice is much more than a preliminary bill of sale. So, keeping this in …
In the intricate world of finance, decision-makers rely on many tools and techniques to assess a company’s health and performance. One of the fundamental tools in this arsenal is financial ratios. These ratios are powerful indicators, providing invaluable insights into a company’s financial structure, efficiency, profitability, and viability.So, keeping this in mind, let’s explore what …
Financial Ratio Analysis: What Every Investor Should Know Before Investing Read More »
In the dynamic business world, invoices are your trusty allies, quietly ensuring cash flow and maintaining the integrity of your transactions. Beyond being mere payment requests, invoices project professionalism, foster trust and facilitate seamless interactions with your clients. In this guide, we’ll discuss in detail how to make an invoice. The Basics of an Invoice …
How to Create a Professional Invoice: A Step-by-Step Guide with Tips Read More »
Finding effective solutions to enhance cash flow and seize growth opportunities in small business finance can be a game-changer. One such powerful financial tool is invoice financing, or accounts receivable financing. In this guide, we’ll discuss what is invoice financing, how it works, its benefits, and why it’s a vital lifeline for small businesses aiming …
What is invoice financing?Definition, How It Works, and its Uses Read More »
Billing is one of the most significant sections when it comes to business functions. After all, billing inspires businesses to keep up with trends. In short, automated payments can save time for businesses and, at the same time, improve efficacy and accuracy. Automated procedures simplify the billing system and lead to authentic and error-free operations. …
Recurring Invoices: Definition, Meaning, Types, and Other Details Read More »
The terms invoice vs bill are synonymous. This isn’t always suitable, though. Whether you send or receive a bill determines the right term between the two. To better understand the subject, let’s go into more depth regarding the difference between an invoice and a bill. First, an invoice is unique in the sense that companies …
A business might make errors or implement incorrect financial details. In such circumstances, businesses can cancel the e-invoice by undertaking the requisite actions. Amendment or cancellation of an e-invoice lets businesses reissue accurate invoices by rectifying the mistakes. It helps maintain compliance with tax and financial accuracy while refraining from payment delays and disputes. E-invoicing …
Everything You Need to Know About E-Invoice Cancellation Read More »
As a small business owner, you certainly had a cash flow problem once or twice when you had significant bills to pay. For instance, you could have believed that your client would pay their invoice in full and on schedule. This would allow you to use those funds to pay your bills. However, because your …
A Complete Guide to Invoice Factoring: What It Is and How It Works Read More »
Funds for businesses often come from sales income or invoices and bills from clients and customers. Companies may use the funds to finance the purchase of new machinery, maintain business operations, or recruit more staff. Receiving money might occasionally take longer, which can have an impact on operations or company choices. Instead of typical loans, …
Invoice Discounting: What Is It and How Does Invoice Discounting Work with its example Read More »
