Labamu x LiftWomen: Empowering Women in SMEs to Level Up
SMEs are the backbone of Indonesia’s economy, contributing over 60% of the national Gross Domestic Product (GDP) and employing more than 90% of the workforce. Interestingly, 64% of SME owners in Indonesia are women—a remarkable figure that highlights the vital role of women in driving the country’s economic engine. Unfortunately, even though women dominate in […]
General Journal: The Foundation of Financial Records that MSMEs Must Master
In the world of accounting, neat and systematic recording is the foundation of accurate financial reports. One important tool used to record financial transactions chronologically is a general journal. For business owners, especially MSMEs, understanding how a general journal works is not only a matter of following bookkeeping rules, but also the first step to […]
HPP adalah: Pengertian, Manfaat, dan Step-by-Step Perhitungannya
When running a business, you’re probably curious about the net profit from each product sold. To answer that, you need to understand one important component of financial reporting: COGS, or Cost of Goods Sold. COGS isn’t just a number on paper; it’s the foundation for understanding how much it costs to produce a product or […]
8 Benefits of Joining an SME Community: Boost Your Business Growth!
Essentially, humans have an instinct to share stories, exchange ideas, and connect. That’s why Micro, Small, and Medium Enterprises (SMEs) should have a community that can play a vital role in their business. For many people, joining a community with shared interests—including business communities—becomes the best channel to express their aspirations. Business communities generally consist […]
e-Payment Saves Time and Money for Your Business: Learn Its Advantages and Disadvantages!
Nowadays, cash is no longer the primary payment option, as many people prefer using more convenient alternative payment methods. One of these is electronic payment, commonly known as e-payment. With the banking and technology industries rapidly evolving, and the online shopping market continuously growing, both sellers and buyers need fast payment methods. This is where […]
What Does Procurement Mean and How Is It Different from Purchasing? Here’s the Explanation!
In managing a business, cash outflows are crucial to plan, manage, and track. This means that procurement and purchasing must be carried out carefully and cannot be done haphazardly. Procurement and purchasing are terms often used interchangeably, but they actually represent two different financial processes. Understanding the difference between them can help a business achieve […]
7 Examples of Service Company Transactions and Their Evidence, Important to Note!
Although both involve selling, service companies are certainly different from goods companies. That’s why the transaction examples for both are also different, although there are similarities. As the name suggests, a service company is a business that provides services to its customers without producing physical products that can be seen or touched. Service companies can […]
Customer Satisfaction: Key Factors and Indicators You Need to Know
Customer satisfaction is a crucial factor in determining a business’s success. Without satisfied customers, it becomes difficult for a company to maintain its presence and compete in the market. Therefore, understanding the definition of customer satisfaction, along with its key factors and indicators, is essential. In general, customer satisfaction refers to the feeling of pleasure […]
Turnover is: Definition and Difference with Profit
In the business world, turnover is a term often used to describe a company’s revenue. However, many people still confuse turnover with profit. While the two are related, they have different meanings. If you’re a business owner or just starting a business, understanding the difference between turnover and profit is crucial. Misunderstanding these two terms […]
10 Ways to Boost Sales and Achieve Higher Revenue
One of the main goals of any business is to generate significant revenue and profit. To achieve this, companies need to know the right strategies to boost sales. With competition becoming increasingly fierce, business owners must constantly find ways to attract more customers. Unfortunately, many entrepreneurs still do not fully understand how to effectively boost […]