In this era of data, businesses that use their data stay competitive and grow at an accelerated pace. This is especially true for the financial data that most businesses produce. Although an immense volume of data is generated on a daily basis, it is usually unstructured. Deriving insights and growth-motivating information from such unfiltered data…
Tips on creating a detailed Cash Flow Budget
Cash or working capital for business is like water for life. Businesses that effectively manage their cash flow ensure steady and sustainable growth. To achieve detailed insights into the flow of cash in and out of your business is easy through efficient cash flow management. Cash flow management is essentially monitoring and optimizing your business…
How SME Neobanking is helping SMEs in India grow!
SME Neobanks are solving the banking challenges of SMEs (Small & Medium Enterprises) like delays in processing loans, tedious paperwork, and repetitive tasks. According to research by Razorpay, businesses lose around Rs 67 lakh per annum due to age-old banking practices. Undeserved by traditional banks, small businesses are turning to SME neobanking for real-time financial…
5 benefits of getting your Tally data on mobile
Tally is one of the top accounting software used in India by businesses of all sizes to manage their finances more efficiently. It helps with a wide range of business finance activities like financial reporting, GST, TDS, payroll, and sales invoices. The software is used by more than 60 lakh businesses in India and in…
Plan your future growth with Cash Flow Projections
Cash flow can make or break your business. With an efficient cash flow management strategy, businesses can drive their growth plans. A US Bank study has disclosed that a whopping 82% of businesses failed due to poor cash flow management. The thumb rule of any business is ‘your expenses should never exceed your existing cash’….
Automated Reminders to Debtor: Future of Business Finance Management
Late and delayed payments from debtors are a severe problem for every business. Delay in payments is not an issue that can be overlooked. Many companies face financial troubles due to late payments from debtors. Late payments impact the cash flow of a business. These delays lead to complete business shutdowns on some occasions and…
Tally: An important tool for leading a successful business
With the kind of stiff competition in the market today, it is not enough to do the bare minimum. Staying ahead is the way to succeed. And anyone who knows anything about accounting will recommend you, Tally, to manage your finances. Among the most renowned accounting platforms out there is Tally – an accounting software…
7 reasons SMEs should choose ZikZuk to manage their business finances
The small and medium enterprise (SME) sector of India has the power to drive innovation and employment growth in the country. However, the sector is impeded by a lack of credit as many SMEs do not maintain proper books, leading them to either provide collateral or go for informal credit sources. According to the latest…
Five Essential Bookkeeping Guidelines for Small Business Owners
Bookkeeping is a crucial aspect of the success of any business. It helps you in understanding your business and making strategic decisions to prevent unexpected cash flow problems. Bookkeeping seems to be a daunting task, and most small business owners find it overwhelming. However, with the help of the simple guidelines provided in this blog,…