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

Arunachal Dy CM inaugurates new WRD Sub-Divisional Office at Chongkham

19 Jun 2025 | 12:10 AM

Itanagar, June 18 (UNI) Arunachal Pradesh Deputy Chief Minister Chowna Mein today inaugurated the Sub-Divisional Office of the Water Resources Department (WRD) at Chongkham and the Junior Engineer Office at Wakro, marking a significant boost to infrastructure development in his constituency.

see more..

Committed to overall growth of the youth, says Meghalaya CM

19 Jun 2025 | 12:08 AM

Tura, June 18 (UNI) Meghalaya Chief Minister Conrad K Sangma today iterated his government's commitment to the overall growth of the youth, even as he emphasised the importance of education, sports, music, and entrepreneurship.

see more..

Honeymoon murder case: Sonam called Sanjay Verma 234 times prior to marriage with Raja

18 Jun 2025 | 11:44 PM

Shillong, June 18 (UNI) The Raja Raghuvanshi murder case has taken a new turn with the Special Investigation Team (SIT) of Meghalaya Police uncovering that Sonam Raghuvanshi, the widow of Raja, was in regular contact with one person identified as Sanjay Verma.

see more..

‘Constitution Assassination Day’ observance: Mamata Banerjee accuses BJP of hypocrisy

18 Jun 2025 | 10:02 PM

Kolkata, June 18 (UNI) West Bengal Chief Minister Mamata Banerjee launched a scathing attack on the BJP-led Central Government today, accusing it of "violating the Constitution daily" while planning to mark June 25 as "Samvidhan Hatya Diwas" (Constitution Assassination Day) to commemorate the anniversary of the Emergency imposed in 1975.

see more..

Man held by Odisha Cyber Crime unit for circulating morphed & objectionable video of CM

18 Jun 2025 | 9:30 PM

Bhubaneswar, June 18 (UNI) The Cyber Crime Unit of the Odisha Crime Branch on Wednesday apprehended one Kishore Kausalya of Keutaguda Station Sahi, under the jurisdiction of Chandili police station in Rayagada district, for circulating a morphed and objectionable video on Facebook targeting Chief Minister Mohan Charan Majhi.

see more..