MSMEs/SMEs/Startups face challenges like cost control, profit determination, debt management, machinery financing, and investor reporting.
Costs and revenue
A structured accounting system ensures a continuous, accurate financial position, enabling businesses to make data-driven decisions.
Financial Forecast
A new startup must seek funding from lenders and investors, who will evaluate the business model and financial forecasts to decide if to invest.
Budget
Business budgeting involves providing a fair future expense estimate, allocating allocated funds to expense heads, and prioritizing expenses based on fund availability.
Tax planning
Tax planning is crucial for businesses to achieve optimal results, and it should be established at the initial stages.