Most of the business owners today use Enterprise Resource Planning (ERP) solutions that help them plan and manage their business. However, some businesses, especially small businesses, have still not realized its importance. ERP solutions like Tally play a significant role in helping businesses manage their customers, vendors, product inventory, banking, sales & purchase orders, and…
Month: March 2022
Top 4 Accounting Challenges Faced by Businesses and How to Overcome Them
Tracking income and expenses is essential for any business. Accounting is the key process of organizing and analyzing financial transactions to make better business decisions. If you make a mistake, it can lead to financial loss, problems with vendors, and hinder your company’s growth. Understanding the most common accounting management challenges and what you can do…
Top 4 Practices for Managing Accounts Receivable
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Simply put, the business has sold a product to a customer, but that customer has not honored the invoice yet. Managing accounts receivable properly has a tremendous impact on…