Introduction Freelancing is the most beneficial method of income for youngsters. Freelancers move from 9-to-5 employment to freelancing in a variety of fields. You can enjoy flexible working hours with a competitive compensation package as a freelancer. Unsurprisingly, freelancers are hardworking individuals, with many working week-to-week for around 30-50 hours. Freelancers work on a variety […]
Introduction Everyone is going cashless now! But how to handle petty cash when everyone is switching to digital payments? Businesses lose 5% of their revenue when they don’t manage expenses correctly. This blog will discuss about petty cash, offering insights into effective management, along with tips, tools, and solutions to overcome challenges in expense management. […]
Introduction Imagine a customer comes to you and asks for your services, but you are not able to provide the payment option of their choice. This will eventually make the customer unhappy, and they can take back their decision of choosing you. But don’t worry! Bill Gates once said, “Your most unhappy customers are your […]
When you start a new project, you need to make a plan. As the project manager, you decide how and when to reach the goals. You also figure out all the tasks your team needs to do. Did You Know? Companies that consistently complete projects under budget have 65% higher profit margins. You must put […]
Introduction “The lack of clarity in finances can quietly harm businesses, often remaining unnoticed until it leads to major losses.” In the ever-changing finance world, achieving clear finances poses a tough challenge for businesses worldwide. According to a recent Deloitte survey, about 51% of businesses face incomplete or wrong expense data issues. This problem doesn’t […]
Introduction Crowdfunding is not just about collecting funds; it’s about building a community, telling a compelling story, and transforming dreams into reality. It has become a game-changer for turning ideas into reality. In 2020 alone, the global crowdfunding volumes soared past $34 billion, highlighting its massive appeal and effectiveness, as per Statista. But behind these […]
Introduction Have you ever found yourself in a frustrating loop of waiting for payments that are never on time? It’s a common struggle among businesses—almost 60% grapple with this challenge! But fear not! There’s a solution: creating a foolproof accounts receivable workflow. Now, there comes a question: how to create it? For this, we have […]
Introduction Do you also get confused when handling multiple projects and billing simultaneously? It’s not just you. Combining billing with project management is a wise decision, but demands careful planning for a successful business journey. According to a survey by the Project Management Institute, organizations waste an average of $122 million for every $1 billion […]
Introduction The demand for precision, speed, and efficiency in financial management is more critical than ever. This is where accounting automation comes into the picture. Accounting automation tools have made a significant place in today’s digital world. According to a recent report by McKinsey, nearly 50% of finance activities can be automated. However, with lots […]
Introduction Efficient financial management in any business stands as a cornerstone of success. Invoicing software is your future-ready solution to make this process automated, error-free, quick & efficient. In the quest for streamlined operations, businesses often face a difficult choice: should they create their own custom invoicing solution or opt for an existing one? 67% […]
Have you ever wondered how much businesses spend annually on outdated financial tracking methods? According to recent statistics, inefficient expense management costs businesses 5-10% of their annual budgets. This emphasizes the critical need for advanced financial planning tools. Financial tracking software has evolved significantly, offering businesses many options tailored to their specific needs. From simplified […]
Introduction You probably come across it as an everyday challenge or have at one time experienced the experience of dreading due payments on your invoices! Managing these partial payments is not always easy and may seem like assembling a puzzle with missing pieces. Research conducted by the National Federation of Independent Business (NFIB) found that […]
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