Technology
Softwares and Accounting: What, how and why?
As technology has taken over almost every aspect of a human’s life, everything has become easy. One can do many things by taking the support of technology. The most tedious job on earth is accounting, why? Because you have to go through many papers and then maintain the accounts. Every little expense has to be entered, gone through and calculated in the process of accounting which makes it a much tough job. Every business has to do accounting because it is essential to know that what you are investing in is also rewarding you the remuneration. A decade back, accounting was a tiresome job for anyone who was associated with the field of accounting and now? Now accounting cannot seem anymore tedious and cumbersome. One can just do it so easily and in a relaxed manner. How?
Enter software!
Softwares are everything in the modern world because most things can be done using the software. Want to edit music? You have the software. Want to mix some songs according to your taste? You have the software. Having a tumor in the brain and want to watch it? You have the software. Everything and anything can be practically done by using the software. Then why are people not giving much attention to accounting software? It tires every person who has to look at the heap of papers and do the job of going through each of those to ensure that there are no accounting errors. Well, that cannot happen anymore. Enter accounting software, the small beat in your desktop, laptop or a smartphone has the ability to do everything that is associated with accounting.
So there are many retail invoice software which a business owner can use every time he makes a sale. How does that help the business owner or the accountant? It is easy when the bill is generated on the accounting software because an automatic entry is made into the software. At the end of the year when you have to pay the tax, you will not have to go through the bank statement because the software has an updated data ready at your service which is also synchronized with the bank account. This software does not need any input except the entry of the item being sold and once that is entered it will automatically show the item of the price that is pre-entered into the system. After the final entry, it will also do the taxing mathematics by automatically selecting what product is under what tax slab and show the final amount.
Easy invoice software available in the market can help you prepare invoice of your products in a very fast manner. This software is available with online and offline features. The software available with offline features have limited functionality, and that is not the case with software with online features. The invoicing software which works online is much powerful and easy to use. In addition to this, the companies providing the invoicing software now also provide the option of customization.
In this digital age where people are more into hashtags and short abbreviations of words; proper grammar seems to be a bit left behind. But, in reality; it has an equal amount of importance in today’s age also as it used to be in the past years. Correct grammar and punctuation play a pivotal role when it comes to professional writing that can benefit readers.
Nowadays there are plenty of online grammar checker tools for a grammatical error free writing. But, as per researches, the one that offers 100% pull-proof support in terms of grammar; vocabulary; punctuation; spelling; and sentence style enhancement to the writers and bloggers is- ‘Grammarly’. It is currently the most popular online checker and a favorite of all writers. Wonder why?
Because of the following reasons:-
1. Excellent Proofreader
The proofreading quality of Grammarly is excellent to detect all existing grammatical errors, punctuations, and spelling in content with quick suggestions to correct them.
The Grammarly free trial version allows you with quick grammar; punctuation; spelling and plagiarism check ; while the premium version assists with the advanced features like vocabulary and sentence style enhancements. The premium Grammarly cost comes in different monthly and annual subscription packs.
2. Great Editor
Writers generally mess up with typing errors when they write bulk contents or lengthy articles. In such cases, Grammarly is the ultimate savior. You just need to copy-paste the entire content in Grammarly text box or upload the content; and instantly you will see different kinds of spelling mistakes, typing errors, improper punctuations and even outdated words marked with a red line.
As soon as you click on them correct suggestions keep on popping to rectify all existing errors within seconds. If you purchase the premium version you are given more advanced assistance.
3. In-Depth Plagiarism checker
Plagiarism is unacceptable when you are writing any content as it destroys the content originality. With Grammarly, you can rest-assure that your content is 100% plagiarism free. Both the free as well as the premium version perform an in-depth plagiarism analysis and identify the relevant sources that detect duplicacy in your content.
You can have a look at the sources and correct your content accordingly so that none of its facts in your content represent duplicacy and 100% originality is maintained.
4. User-friendly
Grammarly easily integrates with all browsers and gives you an extremely user-friendly platform to upload and check several contents within seconds. Their customer support team is available 24/7 to help you with the FAQs and raise tickets for the issue which you cannot solve from FAQs.
The response time is very fast and solutions are given within a day. Also, the software never lags or crashes while checking. The performance is extremely smooth and you simply love using it. It is also available as an app for Android and IOS.
Since time immemorial, iPhone looks a dream iPhone for every individual. But with the launch of OnePlus 7 Pro earlier this week, you will be amazed to know that this phone has got some extraordinary features which were earlier found in those expensive iPhones only which many people could not afford.
Need not to worry now, as OnePlus 7 Pro is much better than iPhone X or iPhone Max and is cheaper than them. It has some exciting features similar to the Samsung Galaxy 10 and iPhones.
Have a look at some of outstanding features of OnePlus 7 Pro which will make you to purchase it right away.
1. All Screen Design
via: BGR
Remember when Apple has announced long back in 2017 that it’s iPhone X will be featuring all screen design? That was all fake by now you must have realised that. But this new phone, OnePlus 7 Pro is a lot better than iPhone X or iPhone Max featuring all screen design and is cheaper than Apple’s iPhone X. The phone has a curved screen similar to that of Galaxy S10 with the slimmer bezels on either side of the phone.
2. Elevator mechanism or selfie pop up camera
via: Pocket Now
OnePlus 7 Pro is the first phone which comes with a selfie pop up camera. When someone clicks a selfie this camera pops out of the phone and once you are done it automatically shuts down. It has one amazing feature besides having this pop-up camera and this is face unlock feature which you will find in iPhones only.
3. Powered by Qualcomm Snapdragon 855
via:
OnePlus 7 Pro is powered by a Qualcomm Snapdragon 855 chipset with an 8GB RAM which comprises of 256GB of storage. The phone also has 5G capabilities. It has other variants as well with excellent storage capacity such as a 6GB RAM variant with 128GB of storage and a 10GB variant with a massive 512GB storage capacity.
4. In display fingerprint sensor
via: Androidpit
Now, this OnePlus 7 Pro has something which you will not find on any other phone as of now. The phone has been launched with a better and standard sensor as compared to OnePlus 6T last year. Most of you might have experienced this feature in your Samsung S10, but many people complained that the sensor works very slow and takes too much time in unlocking the phone, But don’t worry this phone has a better and faster sensor.
5. Telephoto 3X optical zoom lens
via: AndroidPIT
This is one of the most interesting features of this OnePlus Pro flagship model. Apple was the first company to come up with this feature in its iPhone and now you will be experiencing the same feature with better 3X optical zoom which was not in the case of iPhone as it offered 2X zoom only.
6. Do Not Disturb Zen Mode
via: BGR
OnePlus 7 Pro has an amazing feature known as Zen Mode which the company has launched to take the do not disturb mode to another level, Once you activate the Zen Mode, you will not be able to use it for next 20 minutes so that you can relax without using your phone. However, you can still make and receive emergency calls and capture snaps after activating this mode.
Startup
5 Indian Startups which have Closed Down Its Operations Due to Lack of Proper Planning and Shortage of Funds
What comes to your mind when you think of startups? Well, it sounds very simple and easy to execute but it is nothing like that. Launching a startup of your own requires lots of hardship to flourish the business in the long term. Additionally, it also requires a proper floor plan, management plan and funds to execute it properly.
If you would lack in any of these parameters it can fail miserably leading you to losses. Have a look at some of these startups which have failed due to these mistakes only. I am sure that you can learn many good lessons from the mistakes committed by them.
Scroll down to know about them more.
1. Just Buy Live
via: Yo!Success
Just Buy Live was a startup whose aim was to connect all the retailers directly to different brands across multiple categories like fashion, stationary, smartphones, auto, personal care, food and drinks etc.
The startup was also offering unsecured loans to small business owners to facilitate the transaction on its portal and provide funds to small retailers. The startup has managed to raise $100 million series B funding from a Dubai-based investment firm, Ali Cloud Investments.
Why did it fail?
This startup has failed miserably failed due to no proper planning of scalable business model and negative cash flow. As per the latest report, the startup’s co-founder has said that the company has temporarily been shut down for some time and it would soon resume its operation after rising fresh funding.
2. Shotang
via: ET Telecom
The startup, Shotang was a business-to-business (B2B) online marketplace that was launched to connect retailers, distributors and various manufacturers to carry their business online using their platform. It used to earn revenues based on commissions paid by distributors per transaction.
Why did it fail?
Although the startup has raises a series of funding from different investors like Patamar Capital in February 2019 (INR 6.8 Crores) Exfinity Venture Partners in December 2015 (INR 36 crores). It is believed that the startup has risen the funding to pay off its creditors, employees and partners.
3. PortDesk
via: VCCircle
The startup, PortDesk was aimed at providing e-procurement solution for logistics management related operations like accounting, cash management, ports DA estimate and voyage, layout and contract management.
Why did it fail?
The startup has shut down its business in June 2018 but the exact reason for its failure is still not revealed. The company has raised $2 million (INR 13.98 Cr) in a seed funding round from a Singapore-based maritime services company, Alphard Maritime Group.
4. Zebpay India
via: Zebpay
Undoubtedly, the company was India’s largest crypto exchange that enabled users to buy and sell Bitcoins and other cryptocurrencies like Litecoin, Ripple etc.
Why did it fail?
Zebpay has decided to shut down its operation completely soon after the official announcement by RBI in April 2018, which has restricted banks and payment companies to extend any services to crypto exchanges and wallets. The company closed its operations on 28 September 2018 by saying that they are unable to chalk out any other way to carry out the business at this point of time.
5. Tazzo
via: Red Newswire
It was really an interesting bike rental startup that has helped millions of people to commute to their offices at only Rs. 5 per km. Its mobile app was integrated using GPS tracking technology which was used to do live tracking of the movement of the vehicle.
Why did it fail?
The company has shut down its operations because it was not able to generate positive cash flows out of its business.
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