Zybra Private Limited

Accounting Software
303 , Shivalik Highstreet
besides Keshavbaug party plot , Vastrapur Ahemdabad , Gujarat 380015 India (079)48009272

Receipts Manager by Zybra

Zybra Accounting Software is an easy to use cloud based accounting software for Small & Medium scale business. It makes Accounting EffortLess and can be accessed Anytime & Anywhere. Zybra is a feature rich software with many features including 1. Dashboard – Real-time updates of data in graphical form. Shows graphs of Total Receivables, Total Payables, Cash Flow, Top Expenses, Income vs Expenses and more. 2. Contact – User can manage all the contacts of Customers & Vendors. User can also view the receivables & payables of each of them & generate customer/vendor statements. 3. Inventory – User can manage basic inventory of items/services. 4. Banking – All Cash & Bank Accounts can be added & managed here. 5. Sales – User can Add/Send/Edit/Covert Estimates/Invoices/Recurring Invoices/Credit Notes/Payment Received for sales related transactions the business. 6. Purchase – User can Add/Send/Edit/Covert POs/Bills/Recurring Bills/Vendor Credits/Payment Made/Expense/Recurring Expense for purchase related transactions the business. 7. Accountant – All chart of accountants & Journal Entries can be managed here. 8. Taxes – User can create different Taxes, Compound Taxes for sales & purchase entries. 9. Documents – This is a basic DMS for all bookkeeping related documents(Invoices/Bills/Receipts/Bank Statements)[this works well with Receipts Manager App]. 10. Reports – Gives access to 40+ different reports including P&L, Cashflow & Balance Sheet 11. Organization Profile – User can manage details about their organization & add logo for each transaction document that is generated. 12. Opening Balances – to enter the opening balance of the last Financial Year when starting to use the software 13. User & Role Management – Apart from basic accounting features, user can also invite/control access to different users for Add/View/Delete rights for different section. 14. Module Preferences – Activate/Inactivate modules when not needed for the business. 15. Live Chat Support – a 24x7 live chat support is provided inside the software.
Download Link
Finance Local
0.0.2
Android 4.1 and up
471k
Full internet access.
5.0 4

Different ways to deal with Small Business Debts

856

Business Debt is a word that always a haunts an entrepreneur. By hearing the word “debt”, our mind triggers the stress mode. Small businesses always find it difficult when it comes to dealing with business debts. So, debt should be managed in such a way that it doesn’t affect your business routine.

Debts can make a negative impact on your credit rating. By credit rating, we mean that your credit rating can take a dive and you can face a situation wherein you won’t be able to get loans if you really require funds in the future. So, we have come up with different ways which will enable you to deal with your debts more efficiently.

Different ways:

Research Thoroughly before taking any Loan:

Nowadays, getting a loan has become very easy. And different financing houses are ready to give away easy loans to the customers. But there is a catch here, anything which comes in so easily has something hidden in it. So before opting for any loan, calculate your debt coverage ratio and then lay out a plan, which will guide you to know your repayment capacity and thus be making your life easier.

Increasing Income Flow for settling debts:

A sure sort way of paying out the debts is by increasing the flow of income. As cash flow will come in you will be in a state where you can easily clear out your debts. Following are few ways of increasing your income flow:

  • Increasing Productivity: No other way can give guaranteed returns as increasing your company’s productivity does. Increasing your employee’s skills with the help of training or by introducing a new technology can fetch you a good return on investment in future. Gunning for new marketing strategy can also help you out. In short term, there will be few expenses, but in the long run, it will surely generate greater returns.
  • Renewing terms with vendors: Accounts payable and its proper management can come in handy and can dramatically improve the income flow and thus improving the debt paying capacity of the company. Suppliers can offer payment terms of 30, 45 and in some cases 60 days after the delivery of goods. So you can negotiate an early payment discount which will help you. And lastly, shop from new suppliers periodically for better pricing.
  • Inventory Turnover: Inventory management sometimes becomes a herculean task as it has the power of draining your cash reserves as a result of Excess or stagnant inventory. So, adopt “just-in-time” method of buying the inventory for any anticipated demand.

Try to reduce your interest rate on credit card:

A credit card is useful finance tool when used wisely. Now, we all are dealing with credit cards in some way or the other and there is no way to avoid the same. But we can take some measures to ensure that you don’t end up paying high-interest rates on your purchases. For starters try to pay your debts within 30 days to avoid high-interest rate which they levy after the period of 30 days.

If you maintain a good credit score and you are a long-term customer having a track record of paying your debts on time, then you can easily ask for a lower interest rate. Even if there is a reduction of 1-2% in your interest rate, it will save thousands of rupees of yours.

Secure your debt’s future:

The interest rate changes periodically on credit card, mortgages, auto loans. In the case of an increase in interest rate, businesses with high debt and variable loan become most vulnerable. So, whenever the interest is a record low, it’s better to consider locking a fixed rate interest loan. Under a fixed rate interest loan, there is a promise made by a lender to maintain a specific rate of interest for a specified period. This secures you from paying high interest, incase there is a hike.

Consolidating loan:

The concept of consolidating loan is the fastest way of lowering your interest rate and thus it enables you to repay your debts quickly. The simple concept of consolidating is to merge different loans with different rates into one single interest loan. This works well for the businesses with multiple small business loans.

In the end, search for the maximum number of options and consider your financial resources and then commit to a particular option. So, make your decision wisely.


A hundred wagon loads of thoughts will not pay a single ounce of debt.” -Italian Proverb

 

 

  • Posted on Aug 22, 2017
  • |
  • By Dhruv Rudani
  • |
  • 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *