Ransomware is the most prevalent cyberattack, in which hackers use software to attain access to and encrypt an organization’s network, then demand a ransom for its data. More than 50% of small businesses are targeted for ransomware attacks. The risk of small businesses getting attacked is higher than large businesses; also, the chances of success…
Every business or company needs to record their sale and purchase transactions and need a suitable method to track those transactions, which may be cash or accrual methods of accounting. The major difference between cash and accrual basis of accounting is the time period when those transactions are recorded in the journal or accounts. The…
Almost all organizations have shifted their services and operations to virtual mode as a result of the Covid-19 virus’s rapid spread. Providing virtual services was a necessity at that time but has become a convenience now. Virtual services are now ruling businesses in terms of affordability, convenience, accessibility, and all other factors. The OFFLINE-TO-ONLINE entrepreneurial…
Accounting software should be the first and one of the most important pieces of your business; you should first install it before you begin with your company or business. Accounting Software is an important tool to record your regular expenses and income. Without any extra manual efforts and risk of error, you can record your…
The widespread of the Covid-19 has led to the use of facemasks as a mandate in the routine lives of everyone. Wearing a mask is not a restriction anymore, but it has become a necessity and one of the important key factors in fighting the deadly virus. Amid the spread of Covid-19 and its new…
A commercial lease usually refers to a contract between the landlord and the tenant for using the premises for business use. However, breaking a commercial lease has been imaged as a hard task, but ironically it may not be as hard as it sounds. There may be several reasons to break a commercial lease. Amid…
Sale and purchase are normal activities taking place regularly in a business. Whenever an asset is sold in a business, whether it’s property, bonds, stocks, gold, silver, building, land, etc., it is termed as a capital asset. Obviously, whenever a capital asset is sold, you either gain or lose money on the investment you made…
The labor shortage has become a serious issue nowadays in American markets, especially the companies that are in need of more manual laborers. Labor shortage usually means when the number of jobs is more than the people to do those jobs. Due to the widespread of this deadly virus, it has shaken the industry. There…
The concept of Work from home was initiated to stay operational during the spread of Covid-19. When all the jobs and businesses stopped for a while, Work from home helped people generate revenue during that era and earn a living. But now, working from home has become a convenience. Also, you can increase your sales…
As the name itself says, Seasonal businesses operate and prosper during a particular season but usually slow down throughout the remaining year. For example, ice cream shops’ businesses capture the peak during the warm season and slow down during the cold season. Whether you sell products or render services, changing seasons have a crucial impact…
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