LearningCat: Key Concepts and Terminology

Payment Terms of Accounts Payable and Receivable in India
For managing cash flow in an effective manner, it is important to know about payment terms first. This leads to smooth business operations and retaining cordial relationships between buyers and suppliers. In a country like India, knowing the payment terms is vital, whether you are a small business owner or a large one. This blog […]
Invoice, Bill, and Statement of Account: What’s the Difference?
You’ve seen the terms “statement of account,” “bill,” and “invoice” if you own a business. Even though they look alike, they are not the same because they are used for different things. When it comes to money, deals, and taxes, they are very important. What’s an Invoice? An invoice is a formal document that a […]
Credit Terms in India: Decoding Net 30, Net 60, and More
One thing about company is certain: your ability to manage money can make or ruin you. Credit conditions come into play here. In business-to-business (B2B) negotiations, you’ve undoubtedly heard phrases like “Net 30” and “Net 60” bandied about. However, what do they really mean? What’s more, how do they affect Indian businesses? What Exactly Are […]