Why Purchase Orders Are Important For Cash Flow In MSMEs
Indian MSMEs must keep their cash flow in check to keep running and help their businesses grow. It can be hard to keep track of cash flow in fields where…
How Patent is Important for Businesses in India?
Protecting your intellectual property by patenting it is an essential legal system in the present business world. What the patents do is they maintain the competition and guarantee innovation. Indeed,…
Importance of No Objection Certificate for Loan
Entrepreneurs and small—to medium-sized businesses look forward to getting a loan to steer their businesses on the path of growth. According to CEIC data, India’s total Loans were reported at…
What is Credit Default Swap? How is it Important For SMEs?
Small and medium-sized enterprises (SMEs) run the Indian economy. Their impact on GDP is substantial, and employment creation is significant. However, obtaining financing might be difficult for these businesses as…
What is the UTR Number? Meaning, Significance, and Tracking
In today’s world of digitalization, everything is possible online, including secure and traceable financing transactions. In the year 2023 alone, the digital transactions volume in India was recorded at an…
What is a Loan Closure Letter? How to Write it?
A loan closure letter is a formal documentation sent to the loan borrower by the lender. It implies that the account is closed and the borrower owes no more debt. …
What is Underwriting? Definition, Types, & How it works?
All financial institutions undergo a crucial process called underwriting before granting loans, mortgages, or funding. Underwriting entails determining a project’s or client’s loan eligibility and financial stability. This blog post…
What Is A Loan Sanction Letter?
Loan providers send “loan sanction letters” to their clients that are important to show that they have approved the loan application. This letter spells out the terms and conditions of…
What is Trademark? Significance & Application Process
Since 2008, India has had more than 120,000 industrial trademarks filed. With the country’s economy predicted to grow by 6.5% in 2024, this number is set to rise further. One…
A Step-to-Step Guide for Bank Reconciliation Statement
Bank reconciliation means comparing your accounting records’ bank account balance with the balance on your bank statement. Any company or organization that maintains a bank account has to do a bank…