The Government of India launched the UDYAM registration scheme for micro, small and medium-sized enterprises (MSMEs) during July of 2020. The scheme was introduced to assist MSMEs in running their businesses smoothly, by providing financial aid. The goal was to assist MSMEs to overcome the issues they face because of insufficient funds, strict payments, and other problems… Continue reading UDYAM MSME Registration: Financial Boon for Small Businesses.
If you’ve not read the article before ” Nuts & Bolts of Tally Filesystem: Embedded Indexing” If you haven’t, please take the time to read it to better understand this section, else you’ll feel as if your friend has tricked you into watching a second part of a film without having watched the first part. It… Continue reading Nuts & Bolts of Tally Filesystem: RangeTree.
In India micro, small and medium-sized businesses (MSMEs) have many hurdles when it comes to maintaining their operations as well as expanding their businesses. They MSMEs are having a difficult time getting loans or cred it from financial institutions and banks. This is why many MSMEs have to shut down their businesses despite employing more than 100… Continue reading Understanding UDYAM Registration: A Comprehensive Guide.
The Government of India has introduced many schemes and incentives to help micro, small, and medium enterprises (MSMEs). These schemes, such as UDYAM registrations, ensure that MSMEs get easy credit access. This helps them continue their business operations without any disruptions. One such benefit that the government offered MSMEs is the 45-day and 15-day payment… Continue reading MSME Payment Rule Changes from 1st April 2024: A Quick Guide.
A crucial aspect of inventory management that even small firms should be focusing on is the process of forecasting inventory. Planning your inventory correctly will allow you to improve your profits, avoid shortages and stock-outs, handle the surplus inventory, and lower expenses in the long term. What exactly is inventory forecasting about and how can it benefit… Continue reading Inventory Forecasting for Small Businesses.
There are too many STO’s!! Stop wasting my time! Let’s get in. Storage of data has existed as a requirement for computing since the beginning of computers as a tool. However, there is always the need for a brand new DB or a brand new filesystem for the industry. What’s the point for having a variety of databases, when… Continue reading The story of the storage prior to the actual story.
It’s that time of year when the business owners, along with their financial staff, hustle and flutter around trying to make sure that their financial statements and books perfect. You’re correct! The new fiscal year is just about to start. The additional push that businesses and their teams in the final couple of weeks in the year’s… Continue reading Moving to New Financial Year.
TallyPrime, one of the most popular business management programs, allows you to take complete control of your inventory. You can manage, track, and reorder it, among other things. One of its most important features is barcode assignments. TallyPrime allows you to assign barcodes quickly to your inventory. This makes tracking and inventory management a breeze. How can… Continue reading How to create and use barcodes for inventory management with TallyPrime.
Nowadays, a lot of Indian retail companies, such as Spar, DMart, and similar stores, have locations all over the nation. Although these large companies have the capacity to manage multiple stores across various locations, smaller to medium-sized companies have a difficult time. They typically find managing inventory difficult, and this becomes more complicated when they open stores… Continue reading Multi-Location Inventory Management – A Definitive Guide.
It is important to understand that the management of your warehouse inventory will determine the profitability of your company. It is particularly true for small business. Properly managed warehouse inventories have a positive impact on the order fulfillment, delivery and customer satisfaction. This all translates to increased sales and profits. To manage warehouse inventory, you must follow… Continue reading Warehouse Inventory Management: A Complete Guide.
