“… bookkeeping is not just about keeping books or recording profits and losses. It’s about the business’s own narrative. That narrative maintains the integrity of the business itself and its connection to the world.” -Dan Palanza

Historical Background of Bookkeeping

Bookkeeping or accounting has its roots in ancient civilizations, some as old as 5000 years ago and therefore, we have evidence of Single-Entry Accounting even during the Mesopotamian era.

Single-Entry Accounting, on the one hand, was a simple, easy to maintain the system as it was a one-sided accounting system but on the other, it was impossible to authenticate or…

Digital transformation is a valuable opportunity for businesses to leverage technology so that they can deliver a cutting-edge user experience to their customers. Advanced technologies have helped businesses to provide better, faster, and accurate customer services than ever before. Technology like cloud, AI, and mobile phones have driven customers to be continuously on, associated, and in control. Social media has made a digital influencer community; the voice has brought instant delight and convenience for the customers.

According to the 2018 State of Digital Business Transformation research from IDG, nearly 90% of organizations have one thing in common: they either have…


Data is a crucial aspect of any organization; it helps to provide useful insights into your business. But while having the structure and outlook in an organization to settle on data-driven decisions, the analysts still fail to extract the full potential contained within the data. In this situation, Business Intelligence (BI) tools are well-resourced to process the data and unlock the maximum value contained within it.

Struggle While Analysing Multiple Data

Processing data may seem to be relatively easy, but it consumes an analyst’s time. Most of the productivity of an analyst drains out while trying to access diverse…


For every business, data plays a critical role when it comes to developing strategies and making decisions. Similarly, businesses providing financial services are using business intelligence (BI) and analytics to understand and take control of the data that flows through their company. Let’s take a look at business intelligence and explore ways in which BI tools, such as Power BI, is helping businesses to make informed decisions.

What is business intelligence and analytics?

Grow Your Business, Not Your Inbox

Point-of-sale (POS) systems are increasingly becoming the preferred technology for most retailers to improve the efficiency of their business accounting.

It doesn’t matter what kind of retailer you are, adopting a POS gadget can turn your enterprise around by imparting an all-in-one technique to solve the mess of everyday issues. Inventories that fail to shape tallies, unrecorded sales, human mistakes and the time wasted on correcting them are all fairly commonplace troubles confronted by shops on a daily basis.

These can be easily prevented through the usage of a POS machine as it collects data, permitting you to truly see…

Exponential technologies such as artificial intelligence, robotics, blockchain, and the Internet of Things (IoT) are rapidly being implemented across industries all over the world. The mass acceptance of exponential technology not only transforms the way businesses are running, but also generates new revenue streams and business models.

Although digital technology is a must if you want to stay unbeaten in today’s business world, it is useless if it doesn’t produce the business results you need to achieve as your goals. That’s why a journey through digital transformation shouldn’t entail running out to buy the new technology. Indeed, if your goal…

The coronavirus pandemic will sharply negate the global economic growth, warned the head of the International Monetary Fund (IMF). Its severe spread across countries is the root cause of the global economic turmoil. Industry lockdown, ceased manufacturing, as well as financial meltdown, will have a huge impact on the economy. Keeping in view the serious impacts, this viral pandemic can soon convert into an economic pandemic.

‘We are going to have a giant recession this year. The depth of the recession will be a lot large at the high end of the 100 worst recessions the whole world has experienced…

COVID-19 pandemic is impacting our economies, social lives, and our standard of living. The world is seeing the slowest slowdown of all time, but it has also prompted an outpouring of creativity in other spheres. Looking at the serious situation, technology firms have begun to come forward.

Economies are being hit hard. Startups and young professionals realize that this is the time when people want to showcase their creativity. Brainstorming in the sun is easier but not when clouds build up. Each day, businesses are taking inspiration from the situation, they come up with a unique idea. …

The startups or small businesses are bearing the brunt as they have fewer cash reserves to deal with the sudden upheaval.

The global pandemic followed by social distancing and nationwide lockdown is affecting businesses no matter how well-established they might be. This situation has compelled the business owners to re-look at how they are running their operations while revising the business strategies.

As all the sectors across the country are getting affected due to the lockdown, it is having a key impact on the economy. …

To meet the ever-changing demands of an organization and its end consumers, IT departments have to continuously keep their systems updated with the latest technologies. If you are a part of an IT team, you might be struggling to roll out new changes while also ensuring that it meets the rising demands. To ensure that your technological deployments empower the workforce and help them to work productively, you need to create strategies that facilitate effortless technology adoption.

Unfortunately, many businesses don’t follow the best practices for efficient technology adoption. Instead, in some cases, they are more focused on other changes…

Kapil RANA

Entrepreneur, Founder Hostbooks, Inc.

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