Recent Posts
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General-FAQ AccountingIOSS FAQ: Your guide to the Import One Stop Shop
Q. What is the Import One Stop Shop? The Import One Stop Shop (IOSS) is an online portal that businesses can use from 1 July, 2021 to file VAT returns for imports. This has been introduced as part of the EU VAT e-commerce package, where the import of low value…
4 mins read
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General-FAQ AccountingOSS FAQ: All about the One Stop Shop
Q. What is the One Stop Shop? The One Stop Shop (OSS) is an optional quarterly VAT reporting and payment system that'll be live from July 1, 2021, as part of the EU VAT e-commerce package. This means that you can use the OSS to report and pay VAT on non-domestic…
5 mins read
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General-FAQ AccountingEU VAT e-commerce package FAQ: Everything you need to know
Q. What is the EU VAT e-commerce package? The EU VAT e-commerce package is a reform to the existing VAT obligations for sellers that will come into effect on July 1, 2021. This package includes some key changes that will simplify VAT returns, and it will impact the way online sales…
4 mins read
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Articles Expense ManagementWhat is expense management software?
Most small businesses, startups, and mid-market companies resort to spreadsheets, paper forms, and other makeshift manual methods for expense reporting. Initially, this can be a good system for companies with a low headcount or for companies that don’t deal with many transactions yet. But as a business scales in terms…
7 mins read
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Expense Management GuidesWhat is a purchase order?
Let’s say a department in your firm needs specific raw materials to continue their operations. How do you go about it? In a perfect world, the departmental manager would reach out to their usual supplier, place an order, negotiate the contract, and get the supply delivered the very next day. Unfortunately,…
6 mins read
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Expense Management GuidesWhat is an expense report?
In any organization, employees might incur business expenses that they end up paying for out of their own pockets. This ranges from travel-related expenses and client luncheons to office supplies or tech devices. Because these expenses are incurred on behalf of the firm, employees will request reimbursement for any amount…
6 mins read
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Articles Inventory ManagementWhat Makes Zoho Inventory’s Inventory Tracking System Stand Out
Inventory tracking refers to the processes involved in monitoring all the inventory (raw materials, finished goods, and unfinished goods) that a business owns and stores. This tracking begins when a batch of inventory enters the storage space, and continues until the batch has been delivered to the next owner. With inventory…
5 mins read
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Articles Inventory ManagementHow is Inventory Tracked?
Inventory tracking refers to the processes involved in accounting for every piece of inventory being held in a storage space for the entire time that it is there. Inventory tracking gives you better visibility of your products, helps you forecast your future demand, and can even help you weed out errors…
6 mins read