There is a direct relationship between your firm’s growth and its working capital requirement. As your sales grow, your level and composition of working capital, namely, Inventory, Receivables, Cash, Payables, Short Term Loans etc. will also change. Accounts Receivables (AR) is one of the major components impacting the requirement of working capital.
Small businesses are privately owned corporations, partnership or sole proprietor that has fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as “small” in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry.
Efficient Accounts Receivable (AR) controls are an integral part of cash flow management that have serious repercussions on the company’s sales and profits. Accounts Receivable controls must be an integral part of any company’s financial management system. When cash flow problems surface on a regular basis, it is inevitably a sign that Accounts Receivables are poorly managed.
One Person Company was introduced in India through Companies Act 2013, a new concept which brought a great relief for many Entrepreneurs. Section 2(62) defines OPC as a Company which has only one person as a member. He is the shareholder and the Director at the same time.
11 Qualities of a Successful Financial Advisor What is a Financial Advisor? For a corporate, financial advice at the right time and by a right person is an important aspect. If they are earning good amount of profit but they are not investing it on the right place with the right timings, corporate cannot grow [...]
In this competitive era of vast modernization, maintaining your existence in the business industry is a tough task. In every vertical whether it be services, education, legal or business; there is an arduous competition. Every organization is trying to step on its rivals to move ahead and stay at the curve. In this world of [...]
The corporate environment is dynamic involving uncertainties and risks. These uncertainties and risks drive business organizations to take complicated decision to survive in the market. Since the primary goal of any organization is to improve its profitability and sustain in the long run. Hence, any business establishment cannot afford to ignore the importance of MIS. [...]
Today, India has evolved as one of the top outsourcing destinations in the world. According to a survey conducted by NASSCOM, India is among the leading outsourcing countries across the globe. India's growing popularity in outsourcing industry can be attributed to its highly talented human resource, finest quality services, cost-efficiency, and professionalism. At present, India [...]
Accounting is considered as one of the most vital parts of the company that plays a crucial role in its day to day working. The recent technological development has transformed the traditional accounting industry to a significant extent. With the latest tools and techniques, accounting industry offers irrefutable solutions for the smooth working of an [...]
When it comes to hiring CFO for your organization, the first question that comes to the mind is whether you should hire an In-House CFO or a Virtual CFO? Certainly, it depends on the size and requirement of your business. Therefore, it is important to assess the need of your business first and then decide [...]