Branding. Social media affects the way customers perceive a business's brand. ... However, social media opened up a new level of dialogue between a business and its consumers. The type of consumers who connect with a business using social media influences the way other potential consumers perceive the business's brand.

From strengthening TreDS to addressing liquidity issues of NBFCs, the Budget covers several issues for MSME. ... 2) For the MSME sector, Rs 350 crore has been allocated for FY 2019-20 under the Interest Subvention Scheme, for 2% interest subvention for all GST registered MSMEs, on fresh or incremental loans.

4 Technology Trends which can Reduce your Business Woes Integrated Accounting. The dynamic and ever-changing business environment demands organisations to ensure timely periodic reporting. ... Seamless GST Compliance. ... Smart Inventory Management. ... Enhanced Data Privacy and Security.

Key Things to Keep in Mind While Taking a Business Loan Here are some of the key things which you must keep in mind while taking a business loan: Determination of the Funds Required. ... Be Aware of your Credit Score. ... Read All the Documents Diligently. ... Prepare Before you Set Up a Meeting with your Lender. ... Research your Borrowing Options.

An accurate stock ageing report helps businesses understand: Whether the costs incurred during storage to maintain the quality of the goods can be improved. Whether specific products are slower than others in terms of time spent in inventory and whether the product mix can be adjusted for better results.

What is the ultimate goal of any business? To make profits, right? For every business owner, the primary motive is to earn more than he spends and maintain maximum profits. One of the best ways is to get a 360° view of which product of yours is helping the business maximise the profits. Generating accurate and timely reports from various business transactions is crucial to every business, and that is no news to anyone. What’s important is that these reports must be error-free and track every inv

Tips for Managing Accounts Payable & Accounts Receivable Establish Credit Policies. One thing owners and managers don't like about transactions is when they take a long time to close. ... Shorten Transaction Cycles. ... Foster More Communication. ... Stay on Top of Aging Accounts. ... Use Automation to Track Everything.

Due to improved ordering accuracy, efficiency, and product flow, good inventory management results in saved time and money. Effective inventory management and control protects from incorrect or damaged goods being shipped to customers.

But poor or negative cash flow can spell doom for the future of your business. If you want to predict your business's cash flow, create a cash flow projection. A cash flow projection estimates the money you expect to flow in and out of your business, including all of your income and expenses

Inventory analysis will help understand the stock movement which will help identify the reorder levels of stock items. Business owners can also review the inventory records to identify inventory trends over time and make some basic predictions about inventory that might run out faster than usual.

Benefits of tracking the payment performance of debtors Some of the ways to deal with slow performing debtors include, selling goods at a cash discount if they pay on time, offering them with extra benefits and functionalities (in terms of services) if they adhere to the timeline, etc

Accurate Order Fulfilment. With an effective inventory management system, you can easily track the stock in the warehouse. ... Better Inventory Planning and Ordering. ... Increased Customer Satisfaction. ... Organised Warehouse. ... Minimise the Blockage of Financial Resources.

Companies use the Godown Summary report to track inventory within factory premises at various manufacturing stages or workstations. The statement provides current stock position for any godown or location at any time. The benefit of having enough stock-in-hand is to meet the demand of your customers.

What is Physical Stock Voucher and Register and Its Benefits in Inventory Management? What is Physical Stock Voucher and Register and Its Benefits in Inventory Management? ... Physical Stock Voucher is used for recording the actual stock which is verified or counted. It could happen that the Book Stocks and the Physical Stock do not match

How Re-order Level of Stock Helps Keep Your Company’s Financial Health Stable How Re-order Level of Stock Helps Keep Your Company's Financial Health Stable. Optimum stock is the key to manage inventory successfully. Overstocking will lead to blockage of cash and add up to certain risks such as price fluctuation, cost of managing excess stock, dead stock et