What is the Full Form of ATM? The full form…
A lean business model focuses on reducing waste while maximising value. It helps you achieve more with fewer resources by identifying unnecessary processes and cutting them out. The idea is…
In the world of digital photography, selling photos online has become an increasingly popular way for photographers to monetise their work. Whether you’re a professional photographer or an amateur with…
If you’re a book lover looking to declutter your shelves or an entrepreneur seeking a new income stream, selling books online is a great option. With the rise of e-commerce,…
What Is An E-commerce Business Model? An e-commerce business model outlines how a company makes money online. It includes a value proposition that shows what makes the business unique. The…
A traditional business model is a decades-old conventional approach to conducting business. It outlines how a company creates, delivers, and captures value through its products or services. This comprehensive guide…
Latest Update on GST on Clothes The GST Council, during its meeting held on Saturday, December 21, 2024, proposed significant changes to the taxation structure for apparel under the Constitution…
What Is Omnichannel E-commerce? Omnichannel e-commerce is a multichannel approach to sales that provides customers with a seamless shopping experience across all channels, including online platforms, mobile apps, physical stores,…
Learn how to improve your order conversion rate with actionable strategies, including A/B testing, checkout optimization, and personalization techniques.
SMS payments, or paying through text messages, have emerged as a convenient and secure payment solution for businesses and consumers alike. In this digital era, the ability to pay via…
What Is 3D Secure (3DS)? 3D Secure (3DS) is an authentication protocol designed to enhance the security of online card transactions. It ensures that only the authorised cardholder can complete…
What Is a PayFac (Payment Facilitator)? A Payment Facilitator (PayFac) acts as a merchant services provider, enabling businesses to quickly set up electronic payment solutions. By partnering with PayFac, you…
What Is a Debit or ATM Card AMC? A Debit or ATM Card AMC refers to the annual maintenance charges imposed by banks for maintaining your debit card and providing…
In today’s fast-paced world, credit and debit cards have become essential financial tools for young Indians. Whether it’s for online shopping or making quick payments at stores, these cards offer…
What Are Real-Time Payments (RTP)? Real-Time Payments (RTP) refer to immediate account-to-account fund transfers where the beneficiary can access the funds almost instantly. This system allows for real-time confirmation and…
In Chapter 1, learn all about order conversion rate – its importance, how to calculate it, and key factors that impact your e-commerce performance.
ATM fraud refers to unauthorized access to your personal or financial information during ATM transactions, making it crucial to safeguard your data to avoid financial losses and ensure secure electronic…
A debit card is a bank-issued payment card linked directly to a customer’s account, enabling secure purchases and cash withdrawals. It deducts funds instantly, providing a cashless and convenient way…
What is a Business Model? A business model is a company’s plan for how it will create value for its customers, deliver that value through its products or services, and…
In today’s increasingly digital world, credit card fraud in India has become a significant concern for consumers and financial institutions alike. As more transactions shift online and contactless payments gain…
What is a Bulk Payment? A bulk payment, or batch payment, is a financial process consolidating multiple payments to different recipients into a single transaction. This efficient approach allows businesses…
Introduction In 2023, the bad debt-to-sales ratio ranged between 0.07% and 1.37%, showing just how much debt can impact the stability of companies. This is where understating gearing ratio’s meaning…
HR Executive Job Description HR executive job description includes managing recruitment, employee engagement, and compliance while shaping its organizational culture. HR executives play a crucial role in creating a productive…
Writing self appraisal comments doesn’t have to feel like a chore! Think of it as your chance to reflect on your achievements, pinpoint growth areas, and set clear goals for…
Introduction Did you know that unscheduled absenteeism rate ranges from 5% to 10% per year leading to loss in potential revenue. This figure not only highlights the financial stress on…
What is C2C eCommerce? C2C eCommerce (consumer-to-consumer) is a business model where individuals trade products or services directly with each other, typically through online platforms or marketplaces. These platforms facilitate…
The Unified Payments Interface (UPI) has revolutionized the way we make digital transactions in India. With the recent addition of credit card support, UPI has become an even more versatile…
What Is Electronic Bill Presentment and Payment? Electronic bill presentment and payment (EBPP) is a comprehensive system that allows companies or service providers to deliver bills to customers, view them,…
Tax Identification Number (TIN) is a unique identification number assigned to individuals and businesses for tax purposes in India. Read this blog post to know more.
A demand deposit is a type of bank account that allows account holders to withdraw funds at any time without prior notice, making it one of the most accessible and…
Different types of leaves in India are casual leave, earned leave, sick leave, maternity leave, marriage leave, bereavement leave, comp off, sabbatical leave and a few more. Read this blog post to know all about it.
A salary certificate is an essential document that verifies an individual’s income and employment details. Get free Word and PDF template here.
Telecallers, often referred to as the voice of a business, play an essential role in bridging the gap between companies and their customers. Whether reaching out to new leads or…
Overdraft facility is a credit facility offered to account holders allowing cash withdrawals even if the account balance is zero or negative. It acts as a safety net during unforeseen…
Sales executives are the driving force behind revenue generation and customer acquisition in any organization. They play a vital role in identifying opportunities, building relationships, and closing deals to achieve…
Admin executives play a critical role in managing the day-to-day operations that keep a business running efficiently. When hiring an admin executive, it’s important to use a well-crafted admin executive job…
Every business relies on contracts to keep their operations running smoothly, but managing them effectively can feel challenging. A report by KPMG believes that 40% of a contract’s value is…
Introduction Did you know that the Labour Welfare Fund is one of India’s few statutory frameworks dedicated to improving the well-being of employees? Many companies and employees remain unaware of…
Introduction A Forbes study shows disengaged employees cost businesses 34% of their annual salary. That’s about ₹20,400 for someone earning ₹60,000 yearly. Keeping unmotivated employees affects profits, but letting them…
Job training is a the natural very first-step to equip employees with the skills needed to meet workplace challenges. Whether it’s onboarding new hires or helping seasoned professionals adapt to…
Undercapitalization is one of the most common challenges businesses face, particularly in their early stages or during times of rapid growth. It occurs when a company lacks sufficient capital to…
Did you know that employees cite casual leave as a critical factor in maintaining a healthy work-life balance? Whether it’s a personal emergency, a family responsibility, or simply a day…
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.
Understanding Overtime Pay At its core, overtime pay is additional compensation for work done beyond standard hours. While the concept may seem straightforward, the laws and regulations governing it are…
Reviewed by CA Sugandha Bhatia What is Debt to Equity Ratio? Debt to equity ratio is a metric that is used to evaluate a company’s financial leverage. It indicates whether…
HRD full form is Human Resource Development. In this blog, we discuss the features, objectives, types, functions, importance, and other relevant information related to HRD.
What is Fixed Pay? Fixed pay is the guaranteed monthly compensation paid by a company to its employees for work done. The amount of fixed pay given to the employee…
A Google Pay (GPay) transaction failure occurs for various factors, such as insufficient funds, technical glitches, or connectivity issues, can cause this issue. The users who experiencing transaction failures should…
Managing outstanding balances effectively is crucial for maintaining financial health and avoiding unnecessary penalties. This article explores the outstanding amount types, impacts, and practical tips for handling outstanding balances, helping…
Managing one-time or irregular transactions requires flexibility and quick solutions, making ad hoc payments essential. These payments address unique financial needs outside regular payment cycles. This guide explores ad hoc…
What Is Fraud Detection in Financial Transactions? Fraud detection in financial transactions is identifying and stopping fake or unauthorised activities in financial systems. It ensures customer security by monitoring transactions…
A payment schedule is a critical tool for organising and tracking financial obligations, ensuring timely payments, and streamlining financial planning for individuals and businesses alike. It serves as a roadmap,…
The UPI (Unified Payments Interface) has revolutionized digital payments in India, making money transfers quick, easy, and secure. However, despite its many advantages, UPI payments can sometimes fail for various…
PhonePe Transaction Limit Per Day The PhonePe UPI transaction limit per day is ₹1 lakh (₹100,000) for all users. In 24 hours you can send money only a maximum of…
What is Straight Through Processing (STP)? Straight-through processing (STP) is an automated electronic payment process that enables financial transactions to be conducted from start to finish without the need for manual…
Real-Time Gross Settlement (RTGS) is a system developed by the Reserve Bank of India (RBI) for instant and secure high-value fund transfers. The State Bank of India (SBI) offers this…
Get ready for a successful holiday sale with 13 expert tips to convert more shoppers and maximize your e-commerce profits this season.
What is UPI Transaction Status? The Unified Payments Interface (UPI) transaction status indicates whether your money transfer is in progress, successful, pending, or has encountered an error. Read More About:…
What Is Transaction Monitoring in AML? AML transaction monitoring is a continuous process of scrutinizing customer transactions, including deposits, withdrawals, and transfers, to identify patterns or activities that deviate from…
Applying for an SBI ATM card has never been easier, thanks to the numerous methods available for both tech-savvy users and those who prefer traditional ways. In this detailed guide,…
What Is a Prepaid Card? A prepaid card is a payment card preloaded with a specific amount of money, enabling you to make purchases, withdraw cash, or pay bills. Similar…
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.
The invoice-to-pay process covers the complete workflow from receiving an invoice from a supplier to completing the final payment. This process ensures that all vendor transactions are accurately verified, documented,…
What is capital budgeting? Capital budgeting is the process of evaluating long-term investment projects or capital expenditures before purchasing or investing in them. Capital investments or expenses need to be…
Workplace retaliation occurs when an employer takes adverse action against an employee for engaging in a legally protected activity, such as reporting discrimination, harassment, or other unlawful activities. Retaliation can…
In today’s digital world, understanding payment methods like UPI, NEFT, and Net Banking is crucial for smooth financial transactions. Each method serves a specific purpose, offering distinct features and benefits.…
HR Systems, as the name suggests, streamline human resources management. These software applications are designed to help manage various human resource functions within an organisation. From onboarding an employee to…
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 a Smart Terminal? A smart terminal is a payment solution that enables you to process payments seamlessly while managing other business operations, such as digital payment acceptance, analytics,…
ESOP stands for Employee Stock Ownership Plans. In this blog, we decode everything about ESOPs. Read on.
What is Biometric Payment? Biometric payments are secure transactions that use a person’s unique biological characteristics, such as fingerprints, facial recognition, iris scans, or voice recognition, to verify their identity…
In this blog post, we will delve into the various aspects of sabbatical leave, including what it is, how long it is, and whether it is paid or unpaid along with providing a free sabbatical leave policy template.
A private limited company is a privately-held business entity. It is held by private stakeholders. The governing body for such a company is the Ministry of Corporate Affairs (MCA).
What are Embedded Payments? Embedded payments refer to payment capabilities integrated directly into software applications, enabling users to complete transactions without leaving the platform. This creates a seamless, uninterrupted payment…
What Is A Pending Payment? A pending payment is a temporary transaction state where the payment has been initiated but not yet processed by the retailer and is waiting to…
State Bank of India (SBI), India’s largest bank, offers a wide range of services and products to its customers. Among these, debit cards linked to SBI savings or current accounts…
Account creation or one-click checkout? Uncover the benefits of streamlined shopping to maximize customer satisfaction and conversions.
Real Time Gross Settlement (RTGS) is a secure and efficient method for transferring high-value funds electronically, regulated by the Reserve Bank of India (RBI). This article delves into essential details…
In today’s digital age, ATMs remain essential for cash access. Safeguarding your ATM card starts with tracking its delivery. This guide outlines how to monitor your ATM card’s journey from…
The Immediate Payment Service (IMPS) is a real-time electronic fund transfer system that allows instant money transfers between banks, 24/7. Launched by the National Payments Corporation of India (NPCI), IMPS…
What is EBITDA? EBITDA stands for Earnings before Interest, Taxes, Depreciation and Amortisation and is a measure of a company’s income before any impact of accounting or taxation. It is…
What is financial management? Financial management is the process of controlling a business’s cash inflows and outflows to ensure optimal use of resources. It involves creating a plan which uses…
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.
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: you’re the founder…
Accounts Payable plays a crucial role in maintaining the financial statements of a business. Automate your AP & never worry about delayed invoice payments.
Wondering what the deal is with corporate finance? Here’s the only guide to corporate finance that you’ll ever need. Read on!
What is AP Automation? AP automation is the process of managing accounts payables processes with technology. The objective of AP automation is to automate routine steps in the procurement process like…
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.
Introduction of GST on Online Gaming The online gaming industry in India has seen significant growth, driven by widespread smartphone usage, affordable internet, and a young population. This sector includes…
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.
Create brand messaging that connects with your audience, builds trust, and boosts loyalty to drive growth and success in the competitive e-commerce space.
Maintaining a patent requires paying patent renewal fees in India annually. These fees are crucial for keeping your patent rights in force and protecting your intellectual property. It is essential…
A patent grants inventors exclusive rights to their innovations, protecting them from unauthorized use, manufacturing, or sale by others. The Patents Act in India is designed to uphold these rights,…
What is Employee Compensation? Employee compensation refers to the total monetary and non-monetary rewards that a company provides to its employees in exchange for their work. Whatever the types of…
What is the GST on Medicines? The Goods and Services Tax (GST) on medicines is levied at varying rates depending on the type of medicine or pharmaceutical product. The GST…
Workforce management (WFM) encompasses a broad array of tools and strategies designed to help companies optimize employee productivity, control labor costs, and – very importantly – comply with legal requirements.…
What are commercial banks? Commercial banks are financial institutions that offer services like cash deposits, loans, locker facilities, and business finance functions like receivables and payables management, capital raising and…
Managing invoices can be a complex, error-prone process if not done correctly. Here are the most common invoice errors and how to avoid them. Common Invoice Errors Manual invoice processing…
Every working professional is familiar with the term CTC. If you’re a fresher, CTC full form in salary is “Cost to Company”. Loosely put, it simply means the compensation the…
Meaning of Strategic Procurement Strategic procurement is the process of acquiring goods and services for the business at the best possible price, at the right time. It involves measuring requirements…
Vendor payments are an important part of the procurement cycle, where the business makes the final payment to the supplier. It forms a crucial part of good vendor management and…