Thursday, Apr 25 2024 | Time 12:42 Hrs(IST)
image
States » EastPosted at: Mar 18 2021 6:00PM


Online accounting, invoicing, and inventory management will emerge as first preference for the new age entrepreneur : Instamojo Report

Kolkata, Mar 18 (UNI) The pandemic brought to the forefront a new wave of digitization which posed a unique set of survival challenges for small business owners and entrepreneurs at large.
From hindered operations to accessing financial data, the absence of digital presence proved costly. The recent COVID situation has helped business owners realize that systems and software, especially for invoicing and accounting should not be location dependent. Data from a recent report by Instamojo titled, ‘Indian E-commerce Outlook Report 2021’, reported that the preference for e-invoicing and single-platform automation are emerging to be the most preferred modes for business operations by micro-businesses and new-age entrepreneurs.
The report states that around 90% of the business owners do not come from accounting backgrounds. Having realized the ease brought in by the digital shift, businesses now look for accounting software, that is not only user-friendly and feature-rich, but also affordable in terms of cost of ownership. Today, business owners want the financial data to be easily accessible especially from their smartphones or laptops. Data from the report shows close to a 125% increase in the usage of email invoices and a 150% increase in usage of invoices with payment links, indicating that businesses owners prefer integrated accounting software over isolated offline software.
Please log in to get detailed story.
Tags: #Online accounting# invoicing# and inventory management will emerge as first preference for the new age entrepreneur : Instamojo Report
More News

13 96L voters in Tripura East to decide fate of 9 candidates

25 Apr 2024 | 12:39 PM

Agartala, April 25 (UNI) The stage is set to hold the election to Tripura East (ST) parliamentary seat on Friday across 1,664 polling stations where 13,96,761 electorates, including 6,94,237 females, and 14 transgender will decide the fate of nine candidates.

see more..

Tripura BJP serves notice to its VP for criticising ally TIPRA Motha founder

25 Apr 2024 | 12:26 PM

Agartala, April 25 (UNI) A day before the crucial election to Tripura East (tribal reserved) parliamentary constituency, BJP State President Rajib Bhattacharjee on Thursday served a show-cause notice to the party’s Vice President Patal Kanya Jamatia for her adverse statement against TIPRA Motha founder and royal scion Pradyot Kishore Debbarman.

see more..
2 Maoists killed in Odisha's Boudh

2 Maoists killed in Odisha's Boudh

25 Apr 2024 | 12:13 PM

Bhubaneswar, April 25 (UNI) Two Maoists were killed on Thursday in a gunfight with the Special Operation Group (SOG) jawans of Odisha police inside Padhel Reserve Forest of Boudh district. An extensive combing operation is underway in the area.

see more..
ECoR offers economy meals for passengers at nine stations in summer

ECoR offers economy meals for passengers at nine stations in summer

25 Apr 2024 | 12:08 PM

Bhubaneswar, April 25 (UNI) The East Coast Railway (ECoR) will provide economy meals at nine important stations across its jurisdiction in the summer.

see more..

Arunachal: CM urges early restoration of connectivity along Roing-Anini highway

25 Apr 2024 | 12:01 PM

Itanagar, April 25 (UNI) Arunachal Pradesh Chief Minister Pema Khandu on Thursday said that instructions have been given to the concerned authorities to restore the road connectivity along the Roing-Anini highway at the earliest.

see more..
image