What is Accrual Accounting: Types, Benefits, Examples
In today’s business landscape, financial clarity and accurate reporting are essential for sustainable growth and informed decision-making. In the world of finance and accounting, accrual accounting is a fundamental concept…
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Vendor Payments: Meaning, Things to Know, and Procedure
In India, the vendor payments industry is undergoing a massive transformation. In business, paper invoices are being phased out in favor of complete vendor payment automation. Meanwhile, many market participants…
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What is the Importance of POS System for the Hospitality Industry: A Complete Analysis
The Point of Sale (POS) system plays a crucial role in the hospitality industry. They became so powerful that they could manage the entire stock and inventory. It can also…
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IMPS vs NEFT: A Side-by-Side Comparison
India has witnessed a significant shift from cash-based transactions to digital payment methods in recent years. Electronic fund transfer methods have played a crucial role in this transition, making it…
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Payment Facilitator vs Payment Processor: Which is Better?
When you enter the world of payments, you are plagued with new terminology that is self-explanatory. For example, a Payment Facilitator and a Payment Processor may appear the same at…
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