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
Trinamool declines participation in govt’s anti-terror outreach abroad

Trinamool declines participation in govt’s anti-terror outreach abroad

19 May 2025 | 10:32 AM

Kolkata, May 19 (UNI) The Trinamool Congress (TMC), led by West Bengal Chief Minister Mamata Banerjee, has informed the Centre of its decision to withdraw its MP from the seven all-party delegations scheduled to visit multiple countries as part of India's global outreach following the Pahalgam terror attack and Operation Sindoor.

see more..
Militant nabbed in Manipur

Militant nabbed in Manipur

19 May 2025 | 8:43 AM

Imphal, May 19 (UNI) Manipur Police conducted combing operations during the last 24 hours and nabbed a militant from Mayang Imphal Bazar under Mayang Imphal-PS, Imphal West District.

see more..

Bihar: Strict action be taken against Jan Suraj leaders for creating disturbance in Nalanda

19 May 2025 | 2:38 AM

Biharsharif, May 18 (UNI) The administration has announced to initiate strict action against the leaders of Jan Suraj Party founded by Prashant Kishore, popular as PK, for deliberately creating disturbances in Nalanda on Sunday.

see more..

Advantage Assam 2 0 initiated development and investment in Assam: CM

19 May 2025 | 2:32 AM

Guwahati, May 18 (UNI) Mega investment summit, Advantage Assam 2.0 has initiated a new era of development and investment in Assam, said Assam Chief Minister Himanta Biswa Sarma on Sunday while addressing a Memorandum of Understanding Exchange ceremony with key investors at Guwahati 's Srimanta Sankardeva Kalakshetra.

see more..

Bihar will get 1500 MW power from NTPC's second largest power plant: DyCM Samrat

19 May 2025 | 2:29 AM

Patna, May 18 (UNI) Bihar Deputy Chief Minister Samrat Choudhary said that Bihar will get 1500 MW of electricity from the super thermal power plant to be built at Nabinagar in Aurangabad district at a cost of Rs 2,9947.91 crore.

see more..