Accounting in Logistics Companies: How to Works, Differs, and Expert Tips
In the fast-paced space of the logistics industry, where products are constantly on the move, managing finances effectively is paramount. Accounting isn’t just about balancing the books, it also includes optimizing operations, reducing costs, and boosting profitability in this unpredictable economy. On that note, Finsmart Accounting – one of the best-outsourced accounting services providers in […]
Incremental Budgeting: Everything You Need to Know
In the last decade, incremental budgeting has emerged as a dynamic strategy that enables businesses to adapt to changing circumstances while maintaining financial stability. Today, we will delve deep to gain a broader perspective on financial planning. In this comprehensive guide, Finsmart Accounting – one of the leading accounts outsourcing services providers in India – […]
Budgeting vs. Forecasting: Everything You Need to Know
When it comes to accounting, two essential tools stand out as the bedrock of financial planning and decision-making for businesses – budgeting and forecasting. These financial practices play a key role in steering an organization toward its financial goals. However, many entrepreneurs mistakenly assume that there’s no difference between budgeting and forecasting; that they are […]
11 Methods of Budgeting for Effective Financial Planning and Growth
According to a 2021 survey by the National Foundation for Credit Counseling, 56% of the general population did not have a budget. While everyone struggles in the absence of budgeting, the survival rate of businesses can take a hit in the absence of the same. Why? Because lack of budgeting makes it hard for decision makers to […]
Raising Funds for Startups: 6 Preparation Tips from Finance Experts (Part 2)
In Part 1 of our fundraising for startups series, we shared a list of tips and ideas to raise funds for your startup. If you have already read it, you must be aware of the best fundraising options. Whether you want to raise funds from angel investors, government funding schemes, or startup contests, there are […]
Raising Funds for Startup: 5 Tips from Leading Finance Experts (Part 1)
According to CB Insights, 38% of startups fail because they either run out of cash or fail to raise funds. Funding is basically the fuel on which young startups thrive before hitting profitability goals. No wonder, a lot of startups, especially those for which we manage accounting and AR/AP, often ask how to raise funds. In this blog, […]