How to implement credit control in your business? Maintaining a process by which a small business can give credit to customers who can afford to pay the bill at the specified time is advisable. If you are not careful in having a check on that, you and your business can face […]
What is the difference between assets and inventory? Inventory is a part of the business’s current assets, like goods and materials, to generate revenue. Not all companies have inventory businesses like providing services will not have inventory, but the manufacturing will have inventory and central tat. Whereas assets are concerned, all […]
Accounting for e-commerce business Accounting is a painful necessity for business owners. It is the dull side of the business. However, if you want your business to grow, you cannot avoid it. Packing all your receipts and handing them to a stranger is not good enough. In addition, you do not need […]
How do I de-register myself from self-employment? What is self-employment? A person is self-employed if they run their business for themselves and take responsibility for its success or failure. Someone can be both employed and self-employed simultaneously, for example, if they work for an employer during the day and run their own business in the evenings. […]