A patent is a legal document that is granted by the government of the state or the country, depending on the national rules. It gives an inventor of a particular thing, the exclusive right to make, use and sell his or her creation for a specified period of time.
The GST registration process is conducted online and must be completed on the official GST Portal. However, any business that supplies services with an annual turnover exceeding Rs. 20 lakh…
GST registration is essential for businesses in India to comply with the Goods and Services Tax (GST) law. To complete this process, businesses must provide various documents as required by…
Tech Writers are skilled communicators who transform complex information into simple, easily understandable documentation. While some of us have received professional training and are certified, many writers break into the…
As an art and an industry, technical writing has donned various hats and shapes. It evolved from a ‘communication device to accomplish a task’ to a fleshed-out, fully-fledged machine supporting…
Goods and Services Tax, also known as GST, was introduced by the Government of India on 1 July 2017 to simplify the tax structure on various commodities. The aim of…
GST offers numerous benefits to startups like simple tax processes, online procedures and ease of doing business.
HSN stands for Harmonized System of Nomenclature, and is used to classify goods in a systematic manner.
What is Cost Reduction? Cost reduction is the practice of minimizing expenses to increase profits. The growth of any company is largely determined by how well it can manage its…
A job offer letter is a formal document sent to the candidate who successfully clears the selection process for a particular job position.
What is Factoring? Factoring is a way for businesses to convert unpaid invoices into immediate cash – with no risk involved. How would this work? Here’s an example. Picture this:…
In today’s digital world, you can pay for digital content, services and products with micropayments, which are small online transactions. The amount of these transactions is usually less than ₹200.…
NFC or Near Field Communication is a wireless technology that allows devices to communicate with each other over short distances. NFC payments are contactless payments that use NFC-enabled devices, such…
GST introduced in 2017 was implemented to replace most of the existing taxes to create a structured and centralized taxation policy all over the country, simplifying the way taxes are…
The overdraft facility on your business current account acts as a safety net during unforeseen financial situations providing a pre-approved credit line that extends beyond your account balance. However, before…
HR Automation refers to the use of technology to use automate and streamline various human resources (HR) processes. Automated HR processes are more efficient, accurate and timely than traditional manual processes.…
What is Basic Salary? Basic salary is the fixed amount an employee earns for work done before addition of benefits or any deductions. It is the core salary upon which…
What is a Salary Slip? A salary slip, also known as a payslip, is a document issued by an employer to an employee detailing their monthly pay breakdown. It usually…
What is Procurement Management? Procurement is the strategic acquisition of goods and services necessary for a company’s operations. It is a multi-step process that involves identifying needs and sourcing suppliers,…
ECOM transactions, short for e-commerce transactions, represent the backbone of online commerce. They encompass the buying and selling of goods and services over the Internet, facilitated through an online e-commerce…
Cash transactions refer to the exchange of physical currency as a payment method. It involves using cash to make purchases directly, without the involvement of electronic payment systems. A typical…
Wondering what a business account is, and how to pick the right one? Here’s a short guide to business accounts for the uninitiated.
A current account is a must-have for businesses of all sizes and stages. A good current account will improve a business’s financial health, streamline processes and boost efficiency. If you’re…
What is Source to Pay? Source to pay is the end-to-end process of managing vendors who provide goods and services for a business’s daily operations. The source to pay process…
What is Facilitation Payment? Facilitation payment means the process where an online payment facilitator, often known as a payment gateway aggregator, streamlines and simplifies the payment acceptance process for businesses.…
Understanding the fundamentals of deferred payment is crucial when considering its utilisation. Deferred payment is a financial arrangement in which you can postpone making full payment for goods or services,…
What is a Purchase Order (PO)? A purchase order (PO) is an official document issued to suppliers by the accounts payable or procurement department when purchasing goods or services. A…
Verification of a customer’s credentials is a fundamental aspect of maintaining security and trust in the realm of banking and financial transactions. A cancelled cheque serves as one of the…
A Human Resource Information System (HRIS) is a software solution designed to automate and manage various HR tasks and processes. Read all about HRIS in this blog post.
Introduction to RTGS Transactions Real Time Gross Settlement (RTGS) is a quick fund transfer method that lets customers transfer their funds from one bank account to another electronically. RTGS is…
The adoption of mobile payments has emerged as a game-changer for business owners and consumers. Unlike traditional payment methods, mobile payments utilise digital platforms, making financial transactions more convenient and…
An mPIN is a 6 digit passcode that you must enter every time you wish to make a transaction. Without the mPIN, you cannot make UPI transactions.
On 1st June, the Union Cabinet headed by Prime Minister Narendra Modi revised the MSME definition by changing the investment and turnover figures. Read all about it here.
Do you want to know more about the various tax rates levied on all countries’ food and beverages? Read more to find out.
Freelancers will contribute to 50% of the nation’s workforce volumes, and the market size is estimated to touch USD 25 billion by 2025. The ability to choose your work without being tied to an office has become the idea of freedom.
Explore and learn about latest GPay per day limit in India, maximum transaction limit on Google pay, how much money you can send or receive with GPay and the maximum…
In the venture capital industry, the term unicorn refers to any startup that reaches the valuation of $1 billion. Recently one of the most used editing tools, Grammarly became a unicorn.
Consumers can use IMPS without needing a smartphone, which adds to its financial inclusivity, making it a great payment option for the masses.
If you have an ecommerce business on Shopify, you have probably wondered what the best payment gateway for your business is. There are a number of payment providers available and…
Payroll management is an end-to-end process of onboarding employees, calculating their monthly salaries, bonuses, benefits, and tax deductions like EPF, PT, TDS, ESI.
Introduction to NEFT Transactions NEFT or National Elеctronic Fund Transfеr, is a popular modе of transfеrring money from one bank account to another in India. It is a vital еlеctronic…
GST has replaced most other indirect taxes has paved the way for a positive impact on small and medium enterprises. Read more to find out.
What is an Advance Payment? An advancе paymеnt is a payment made before the delivery of goods or sеrvicеs. Sеllеrs or sеrvicе providеrs usually rеquirе it as a guarantее of…
Virtual Payment Address (VPA) is a unique identifier used during transactions. In India, VPA is an integral part of the Unified Payments Interface (UPI), which has gained popularity as the…
What is Procurement? Procurement is the process of sourcing goods and services for business operations. The business’s internal procurement team procures these goods and services from external vendors. It’s important…
Dive into our strategic Valentine’s Day Sales Guide, uncovering expert tips and innovative approaches to boost your sales this season.
An effective talent management strategy attracts and retains top talent and ensures that even current employees develop their skills. Read here how to build one.
Payroll is the process of paying employees for their work. It can be a complex process, but it’s important to get it right to avoid fines and penalties. This blog…
There are several documents required to open a current account. Here’s a list of current account opening documents for various businesses.
Well, in today’s digital world, making payments and transferring money has become easier than ever, thanks to the Unified Payments Interface, or UPI. UPI was introduced by the National Payments…
What is Procure to Pay? Procure to pay is the process of acquiring required goods and services from external suppliers. A well-managed, streamlined procure to pay process brings significant cost…
Payment schedules are essential for business transactions as they ensure timely and structured monetary exchanges. They serve as roadmaps, outlining when and how payments occur, thus playing a pivotal role…
In this digital universe, a 20-year newly-minted adult tried to figure out how to use net banking with one of her new bank accounts. Like every tech-educated person, she thought,…
The year was 2017. A time before the pandemic. A time when Donald Trump was the US president and when he brought the word “covfefe” into our lives. The typo…
Installment payment is a financial arrangement where a large sum of money is divided into smaller, manageable payments over a specified period. This concept is commonly used for various financial…
What is Workflow Automation? Workflow automation turns repetitive manual tasks into automated actions, allowing employees to focus on strategic and creative tasks. Workflow automation is not about replacing people with…
Read this comprehensive guide to get an understanding of working capital – definition, formulas, diverse types, and real-world examples.
Revenue based financing (RBF), or royalty-based financing, is a way for businesses to raise capital without putting equity or collateral on the line. If you’re a business owner looking for…
Explore the future of e-commerce with insights into 13 Direct-to-Consumer trends in 2024. Unveil the strategies reshaping interactions to stay ahead!
Explore the key factors affecting working capital requirement. Unlock insights for optimal financial management and business stability.
What is Supply Chain Finance? Supply chain finance (SCF) aims at improving cash flow and efficiency within a supply chain. Supply chain financing, also called reverse factoring or supplier finance,…
Reviewed by: Nihar Gopal Lohiya, PMM RazorpayX Escrow+ What is an Escrow Account? An escrow account holds money or assets until certain conditions are met by the parties involved in…
What is Human Resource Management? Human resource management (HRM) is the strategic and organized approach to managing an organization’s workforce. It involves attracting, developing, and retaining employees to help the…
What is an NBFC? An NBFC (Non-Banking Financial Company) is a financial institution that provides financial services similar to banks but does not hold a banking license. NBFCs play an…
What is Change Management? Change management is a structured approach to implementing and managing organizational change. It refers to the actions taken by the management to transition the entire organization…
Fact checked by Swaroop Kuruvadi, Product Manager of Escrow+ & Lending Products at RazorpayX The first RBI co-lending guidelines were published by the RBI in 2018. Back then, it was…
What is Employee Engagement? Employee engagement is a measure of how emotionally invested employees are in their tasks and the company’s overall goals. Engaged employees are intrinsically motivated. They feel enthusiastic to…
Learn about the top 10 determinants of working capital. Master key factors for optimal cash flow and business resilience.
Learn how to increase conversion rates this Christmas! Explore our guide for expert strategies—SEO optimization, compelling CTAs, cart abandonment emails. Make this season unforgettable for your business.
Employee onboarding is the process of introducing and orienting the new employees with your company’s work culture and processes.
An employee management system, also known as EMS, is software designed to assist the HR department in managing and monitoring employee-related tasks and information.
Explore real-world Working Capital Examples. Learn from renowned brands like Amazon, McDonald’s, and Dell Computers.
Explore the impact of negative working capital on businesses. Learn its definition, implications, examples, and more.
What is an Employee Management System? An employee management system, also known as EMS, is a software application designed to streamline and automate various HR processes within a company. Previously,…
We all want to be part of successful teams – teams that are highly productive and effective, work in perfect harmony, and create magic. But do such teams exist? Having…
What is Onboarding? Onboarding is a series of steps and processes that aims to familiarize new employees with the culture and policies of a new organization. The onboarding process begins well…
As of 2022, India is the second-largest Internet market in the world. A report by Invest India says nearly 100% of all pin codes in India are accessible by e-commerce…
Explore the intricacies of operating cycle of working capital in our blog—meaning, calculation, examples, and insights for financial management.
In the dynamic world of finance, Lending as a Service (LaaS) has emerged as a game-changer, transforming how businesses and consumers access credit. Picture this: instead of navigating the labyrinthine…
Explore the world of Cash Advance – understand meanings, discover types, leverage benefits, and learn practical applications.
In the 1970s, the Chevrolet Nova was a popular car in the United States. It was known for its sleek lines, powerful engines, and a reputation for performance. However, despite…
Recently, I bought a DIY Foosball for my 6-year-old kid. The game kit had a 60-page booklet explaining every piece and 35 steps to set it up. I would have…
What is Automatic Reconciliation? The two pillars of infrastructure holding up your business’s financials are your current account and your books of accounts. Your business receives and makes payments through…
What is RERA? RERA compliance is an important part of real estate transactions. But what is it, and how do real estate developers and buyers ensure RERA compliance? The Real…
What is Lending? Lending is the act of providing money or property to another person with the expectation that it will be returned with interest. Lending can be done between…
What is an Escrow Agent? An escrow agent is a neutral third party who holds assets and funds involved in a transaction until certain conditions are met. This helps protect…
What is an Escrow Agreement? An escrow agreement is a legal contract between two or more parties that outlines the terms and conditions under which an asset is held by…
ATM, short for Automated Teller Machine is used for performing banking operations. Understanding how ATMs work is crucial for everyone involved in banking or financial transactions. In this article, we…
Line of Credit is like a financial safety net for businesses. It’s handy for managing cash flow & covering planned and unplanned costs.
Discover our Diwali sales strategy for 2023 and learn how to increase your sales during the festive season. Start reading now and amplify your sales like never before!
Explore Working Capital Turnover Ratio. Learn its calculation, significance, and how it measures business efficiency in this comprehensive guide.
Understand gross working capital: its calculation, types, and management. Learn how it impacts a company’s financial health and operations.
Once, on a busy Monday morning, I received a call from my father, a septuagenarian, in a state of panic. A panic call from a septuagenarian isn’t exactly pleasant, with…
When I first heard the term integration in a corporate setting, it reminded me of my school days, specifically those tricky calculus problems – challenging to crack and prone to…
An experience letter is an official document issued by the employer to the employee as proof of employment with the organisation. Download free experience letter template in word or PDF format here.
Discover how the right Shopify apps can fuel your business growth. Explore our guide blog to make informed choices.
ESI calculation is done on the basis of the wages paid to the employee. Learn how to calculate ESI with an example in this blog post.
Companies grant conveyance allowances to their employees to cover travel expenses to and from the office. Read this blog post for more.
HR compliance is the process of bringing an organisation’s HR policies in sync with the labour laws prevalent at the city, state, country, and global level and in accordance with industry-specific laws.
Variable pay is usually paid in the form of incentive pay, bonus, or commission. It is determined based on two main factors – the employee’s performance and the company’s overall performance.