Why can virtual bookkeeping help your small business?

why can virtual bookkeeping help your small business?

“Virtual bookkeeping services are alarming. They won’t work.” 

It’s a typical confusion of the individuals who have not attempted the various online accounting services. In any case, when they do pursue a virtual small business accounting service, they soon understand its advantages. 

How often a day have you seen your staff bookkeeper spending their time at the water cooler or simply talking with associates? 

At the point when you decide on online accounting applications, you can set aside cash and time. And as a business owner, you realize that time implies money. 

Many business owners are unsure about utilizing this because it will mean reevaluating your accounting/budget reports. 

However, did you realize that today’s best, productive small businesses are utilizing virtual bookkeeping services? Indeed, they have accepted it to invest their energy advertising their organizations in the commercial center. 

They are utilizing online accounting as a component of their long-standing manageable business plan. The owners of these businesses have additional time working on the nature of their item/administration and expanding their benefits.

Be that as it may, how could virtual bookkeeping help small businesses

Virtual bookkeeping saves overall cost.

Assuming you need to improve on your accounting, you ought to consider online accounting applications/services. 

What amount would you say you are paying your in-house bookkeeper? A virtual bookkeeper will cost less to enlist. 


There is no requirement for you to run background checks, provide ongoing training, and so on. The online small business accounting service or application will do that for you. 

By and large, you will save in the area of 30-50 percent of the whole expense of recruiting an in-house bookkeeper and utilizing a conventional accounting framework. The investment funds will incorporate the long periods you and your accomplices spend on those exercises. 

Since an online bookkeeper will be an application, you won’t need to deal with its finance charges, pay occasion time or give different advantages. 

Considering that, you are getting incredible incentives for your money. You will get an extremely experienced, gifted, effective bookkeeper that will assist you with your small business. That is genuinely accounting improved.

Easy data reinforcement 

Most virtual bookkeepers will get to your books using cloud-based accounting programming like QuickBooks Online. Cloud-based programming will regularly back up any progressions to your books for your records.

Like this, you don’t need to make sure to keep an upheld-up duplicate of your financial data; you can be confident you generally have one. Using cloud-based programming regularly additionally implies that you control what portions of your financial data your virtual clerk approaches. They can’t see or retain any information you don’t need them to. 

Convenient reports and monetary data 

Curating your financial data is your virtual clerk’s one job. Full-time in-house accounting staff can get hindered with different ventures and revealing, making it hard to get convenient monetary data. In numerous small businesses, the accounting is finished by the business proprietor, making it practically unimaginable for you to zero in on the two the company and the funds.

Your virtual accountant will be devoted to guaranteeing you generally have the correct monetary data when you need it. A virtual accounting administration is beneficial for routine financial errands and detailing like month-end close or payroll. 

Closely deal with your organization’s accounts. 

Since your clerk will keep up with your books basically and frequently distantly, all collaborations with that data will happen using your cloud-based programming.

This implies that all progressions made to your financial data and books will be accessible to you progressively. A virtual accountant permits you to keep all your financial data forward-thinking and readily available, so you know what’s going on with your cash consistently.

Read MoreWhy can virtual bookkeeping help your small business?

Customer service? – How to improve it?

How to improve customer service?

Happy and satisfied customers can help you build credibility and get more business – research shows that 77% of customers are probably going to suggest an organization to a companion if they had a positive experience with your company or business. Furthermore, that is the reason you should focus on keeping your customers happy and satisfied with your incredible customer service. 

McKinsey and the company say that,

“Today’s consumers do not buy just products or services – more and more; their purchase decisions revolve around buying into an idea and an experience.”

So, if you need your customers to like you, you need to consistently convey the best customer experience. Here are three procedures that can assist you with further developing your customer care norms.

Look for Customer Feedback 

To give great customer service, you first need to comprehend their requirements, experiences, and pain points. 

For these, you need to assure that you give your customers various approaches to share their input. You can do this through phone surveys or a feedback form sent using email. Besides surveys, you can likewise set up a complaint system, which will better empower your customers to address their issues and problems. 

So, this will tell you about their best, terrible, and ugly experiences when interacting with your brand image. Through this, you acquire genuine bits of knowledge into what you’re doing nicely and which regions require improvement. 

Connecting with your customers to collect feedback also has another significant advantage. It causes them to feel that you esteem them and settle their issues. This can assist with building up trust and may even keep them from sharing their interests or negative remarks via online media. 

2.   Reinforce Your Customer Service Team 

Further developing your customer service starts with building a solid customer team. Here are how you can reinforce your service performance. 

  • Recruit and Train Professionals with the Right Skills 

No instrument or AI component will make up for the absence of a talented labor force – when you enlist individuals for your customer service team, you should search for people with the right abilities. 

You ought to likewise put together training sessions for them to further develop their abilities once they’re ready – some outstanding abilities each customer administration agent needs to have are: 

  • Compassion and Patience 

A customer service rep needs to manage various sorts of customers: Some might be irritating or confounded, while others may have many inquiries. A customer support delegate needs to manage every one of them calmly and expertly. 

  • Extraordinary Communication abilities 

Individuals you employ should be confident and have superb communications abilities. They ought to have the option to pass on what they mean positively. And they ought to endeavor never to end discussions such that they leave a customer disappointed. 

  • Knowledge

Ensure that your customer service agents correctly understand your product, services, and pricing plans. If they aren’t sure of something, it’s ideal to say, “I’ll get back to you after checking with our product team,” than giving wrong data.

3. Track Performance of Your Customer Service Representatives. 

Are you uncertain of precisely how gifted your customer administration delegates are? You should get some information from their customers about their experiences of dealing with them. 

You can use ratings or reviews, or surveys to follow the performance of every customer service agent.

So, it would help if you tried to recognize the efforts of your customer service teams, who convey undeniable degrees of customer experience and satisfaction.

You can reward your top performers with incentives or gifts – this will support and motivate your employees to accomplish your customer service goals.


Regardless of whether your customer surveys are reasonable, there’s nothing of the sort as over-doing in customer service- there is consistently scope for development. 

You ought to reliably focus on further developing your customer service guidelines. Extraordinary customer service can help you fabricate trust, build brand mindfulness, acquire customer reliability, drive sales, and draw in new customers through significant proposals. 

Keeping your customers happy is more significant for your business than everything else. Ensure you convey 100% customer satisfaction.

Read MoreCustomer service? – How to improve it?

How to run a small business using a smartphone?

How to run a small business using a smartphone?

Small business owners face many difficulties on an everyday premise and no more so than the present moment. In this way, anything that helps your endeavor keep the wheels of usefulness turning is consistently a reward, which is where a smartphone becomes valuable.  A smartphone can help run a small business smoothly and efficiently.

A smartphone with decent features and the ability to run only a couple of core applications can significantly affect staying beneficial, particularly in case you’re regularly moving. 

While PCs and laptops are yet the go-to productivity tools for some entrepreneurs, a smartphone will allow you to do most tasks in a considerably more productive manner and without the bulk. 

With the cell phone itself, it’s the development of versatile applications that have assisted with making us all a little more effective. 

While applications on smart phones aren’t generally incredible for things like high-volume information section work or composing long business reports, they’re ideal for speeding through other fundamental errands.

Let’s look at some ways smartphones can help run a small business!

Download the applications that can be useful across various stages.

Today, there are a few applications, for example, Google’s G Suite, Office 365, Vardaan solutions,vyaapar, and others, that lessen manual working and speed up the working of businesses. From managing invoices to documenting payments and administrating credit and debit records of clients, these applications computerize the whole process. These applications facilitate the tasks of businesses to a great extent. 

Both the business workforce and clients get convenient notifications about outstanding payments and different specifics. Businesses need not manage the problem of recording or keeping transactions or preparing invoices. It helps in saving time and exertion, which can be utilized for business development and extension.

Take advantage of voice technology to deal with your business 

Virtual assistants like Google Assistant, Apple Siri, Amazon Echo, and so forth have become a part of our day-by-day lives. You may utilize voice innovation to play out a few errands like sending messages, setting a meeting reminder, making a business call, sending official messages, opening applications on your cell phone, and others. 

You don’t have to type a text to direct inquiries on Google or to send email replies. Speak out what you need, and the work will be done instantly. If you utilize your smartphone properly for your business, you can save a great deal of your time and effort.

Make use of your mobile for text message Marketing. 

Marketing through text message efforts permits businesses to hold customers by giving them the choice of getting messages from the businesses they have dealt with. More than 90% of people open those messages to think about the new offers and deals. Those texts are short and can be read in seconds.

Mobile marketing and text informing are viable methodologies to spread the message about your new dispatches and most recent offers. Businesses can even send links to digital coupons using text messaging.

Keep your official email account available through your smartphone.

Link your office email account on your smartphone to access and reply to business messages progressively. Besides being easy to understand and versatile, a handset proves helpful to browse messages without getting to your business email account through a PC or Laptop. It not only guarantees a quicker reaction yet, in addition but also keeps the messaging cycle coordinated.

Keep high-resolution pictures of business cards and product models on your smartphone. 

Business proprietors need to manage a lot of professionals and other business owners daily. Resultantly, they are left with such a large number of business cards. A large portion of them may end up being profoundly significant contacts for the business. Odds are, you may miss any significant business cards or may neglect to discover them when required. Subsequently, it’s ideal to utilize the versatile camera of your handset and keep a digital copy of the business cards. You may even add point-by-point notes to follow up later. 

Moreover, you can likewise stack pictures or lists of the items you manage. The chosen data, or item detail, can be effectively imparted to potential clients quickly through email or messages without orchestrating a printed copy.


Today, the utilization of smartphones is not, at this point, restricted to interpersonal interaction. The progressions and incorporations in technology have made these smartphones an exceptionally expected device for all types and sizes of businesses. It has wiped out distance and time restrictions and assisted businesses with building better communication with sellers, clients, and laborers.

Also, staying updated on the most recent smartphone features to increase your business working and productivity is very important. Whenever utilized shrewdly, the characteristics of smartphones can do wonders in showcasing and developing the business.

Read MoreHow to run a small business using a smartphone?

How to separate personal and business finances?

It’s simple for your personal finances to get messed up with your business finances. But regardless of the kind of business you’re running, it’s a smart thought to keep your finances separate from those of your business.

At least, doing this will make it a lot simpler to sort out what you can deduct and what you can’t at tax time. And it will likewise make it simpler to develop your business or even sell it. 

Do not panic if you haven’t yet isolated your records into personal and business stacks; it’s never past the point where it is impossible to begin.

So you don’t know where to start with separating your personal and business finances? Let’s learn some ways to do it.

1. Get an EIN 

EIN represents Employment Identification Number. An EIN resembles social security for businesses. Getting an EIN should be the primary concern for each company. It permits you to differentiate your social security number from your business issues and documentation. It is an interesting nine-digit number assigned by the IRS that distinguishes your business as a functional element. 

So, this number permits you to do all your tax-related business and open a bank account for your business. Therefore, having an EIN is an efficient approach to isolate your business resources from your resources. If you need to apply for an EIN, it is free and requires a couple of moments. Your application is made on the IRS site.

2. Set up different financial records. 

If you have separate financial records and are constantly drawing on the perfect record at the tax time, you just have to review your bank statements for a clear picture.

So, if you can figure out how to utilize your business debit card and stay away from cash, you may even have the option to do your taxes and other monetary detailing straight off your bank statements.

3. Get a credit card for the business. 

A business credit card will help you develop a credit history record for your business separate from your personal credit history. So, analytically, your credit card is perhaps the likeliest spot for your finances to get tangled. Therefore, separate credit cards imply that if something goes out of the reach of your business’s current budget, you will not be enticed to utilize your credit card.

4. Set a total budget for the business. 

Similarly, as you would prefer not to haul more cash out of your business than your business can manage, you don’t need the business to pull more cash out of you than you can bear. 

Also, numerous entrepreneurs end up siphoning cash from their accounts into their organizations at whatever point there’s a deficiency. Also, in some cases, it’s unavoidable. However, if you have a detailed financial plan that depends on your business’ present profit, you can help stay away from both.

5. Separate your receipts and keep them.

What better approach to exhibit your commitment to keeping your personal and business costs separate than by actually separating your receipts? Consider ordinary envelopes or separate organizers in your email for automatic receipts.

So, this basic practice will help you sleep peacefully, knowing that if the Income-tax department ever comes knocking, you are prepared.

6. Define boundaries between your home and your office. 

Divide your office and your home, mainly if you work from a workspace. 

How to separate personal and business finances?

You are doing as such allows you to guarantee the workspace derivation just as evenly as dividing bills. Regardless of whether you have a workspace, your business shouldn’t be covering the whole electrical bill for your home. Essentially some portion of that weight should fall into your finances.


From the start, it may not be easy to keep things perfect and clean. Yet, regardless of whether you can deal with a couple of these tips, you’ll set aside both time and cash during the following tax season, an audit, or even while searching for financing.

Solid businesses develop via cautious, gradual upgrades, and figuring out how to keep your personal and business finances separate is the ideal spot to begin.

Download Vardaan now from the play store or App store for managing your business and business expenses!

Read MoreHow to separate personal and business finances?

What are the different wholesale business ideas to do in India?

Wholesale business

Starting a wholesale business in India is a practical and beneficial choice for aspiring entrepreneurs. Likewise, the business demands relatively less capital investment than manufacturing tasks. Here in this article, we want to make the best wholesale business ideas and opportunities accessible. 

Starting a wholesale distribution company demands the correct planning and proper inventory management. Additionally, choosing the correct items is essential. Usually, the achievement of a distribution company relies upon the local market interest, product promotion, and customer service. So, at the beginning of this business, a wholesaler shall pick the items that are of his interest and have adequate knowledge of the market needs. 

What is a wholesale business?

The wholesale business is additionally known as vendor business, or distribution business which refers to a sort of business wherein the items are purchased in huge amounts from manufacturers or distributors and resell to different businesses. Because of mass buys, the wholesaler gets the products at a much lower value, adds his overall revenue, and resells them to retailers. 

Wholesalers don’t sell products in small amounts, but they ordinarily resell in massive quantities. It would help if you began these Wholesale businesses in Tamil Nadu or Delhi, Hyderabad, Mumbai, Chennai, Kolkata or Telangana, or some other town or state. The degree of interest in wholesale business relies on the business level you might want to grow, just like the city where you need to begin.

The ten best wholesale business ideas:

Automobile products

The utilization of vehicles has seen a remarkable climb over the past two or three years. In this way, the requirement for maintenance and repair of automobiles naturally increases. This gives another skyline to the deals of auto accessories and extra parts in bulk. It can procure you high benefits. This is outstanding amongst other wholesale distribution businesses in India.

Wholesale in Textiles 

Textile tops the rundown of wholesale business ideas. It’s not only a rewarding business portion, yet it likewise offers adaptability. There is a broad scope of thread, fabric yarns, home furnishing, readymade garments, footwear, accessories, etc. This Assortment sets out tremendous freedom for benefits. One needs to have the proper knowledge about the textile business before beginning.

Children’s Toys Wholesale Business 

This is probably one of the biggest markets lately and is expected to become greater. Purchasers are searching for extraordinary and intriguing toys. Importing toys abroad is additionally a wholesale business idea that one can pursue and anticipate great returns. Besides, the Indian government is likewise advancing this industry and has been giving plentiful advantages which you could take advantage of.

Wholesaler of grains 

India is a crowded nation, and the interest in food grains has consistently stood steady. Few states produce the grains. However, they must be dispersed all through the country. You can turn into a wholesaler of food grains. There are numerous sorts of grains accessible in the market like wheat, rice, maize, bajra, etc. Therefore, it is one of the beneficial vendor businesses ideas.

Readymade snacks business 

With the greater part of individuals being foodies in our country, any business related to food can never go down whenever done with legitimate consideration and cleanliness. Each state and each road has its claim to fame in crunchy Munchy bites. Wholesaling these snacks from huge kitchens and bundling them into helpful little parcels to sell at great rates can be a smart business thought. 

Done with legitimate quality and cleanliness, this business will touch new statures in a matter of moments. So, this is perhaps the most profitable wholesale business in India.

Gifts and handicrafts 

Wholesale in gifts and crafted works is a productive business idea if planning is done properly. The targeted audiences are small gift shop owners and handiwork merchants. Guarantee appropriate quality and convenient conveyance of things and see your business climbing statures of achievement. So, this is one of the high-margin wholesale businesses to begin from home.

Distribution of furniture 

It’s anything but a prospering business thought as furniture is something which is needed in all families. Convenient, lightweight, and multipurpose furniture are favored nowadays. Thus, you can make your own space with some unique ideas and some imagination. This way, your business can grow locally just as globally. This is one of the great high-margin wholesale businesses in India.

Organic Food Wholesale Business 

Natural food is getting unprecedented interest as everybody needs to keep a sound way of life. Natural items are sold offline and online. Furthermore, Makers are searching for merchants to arrive at each town to sell their items. Focusing on the wholesale market of organic food can offer nearby and global opportunities.

Agrochemical Business 

India is a country that, to a great extent, relies upon horticulture, and henceforth agribusiness can be a standout amongst other wholesale businesses to begin. Selling hardware utilized in horticulture can be profoundly productive. Likewise, clients always show enthusiasm about using the most recent innovation. The reach is from manures to pesticides to natural seeds to substantial fabricated hardware like farm tractors.

Engineering and Industrial Supplies 

This is a tremendous industry. Furthermore, it’s anything but a broad scope of items and sub-classifications. The most worthwhile things are machinery, control equipment, pipe and fittings, plastic and PVC items, etc. It is wiser to begin the business of a reputed brand.


A fruitful wholesale business requires a solid network of suppliers and manufacturers, a decent communication chain, and extraordinary advertising abilities. Start any wholesale business wherein you have some insight or information and buckle down to take your business to new zeniths of achievement.

So, to know more ideas, click here.

Read MoreWhat are the different wholesale business ideas to do in India?

What is the difference between inventory and stock?

Differences between stock and inventory

Frequently, Stock and inventory are used interchangeably; however, they have different meanings. It is essential to comprehend that using the two terms interchangeably is inaccurate and might be deluded about its financial strength. 

So, here is all the important information you need to know about the differences between Stock and inventory.

What are inventory and things you need to know about inventory?

  • Inventory alludes to the finished product ready to dispense, the work-in-progress goods that aren’t converted into finished items, and the crude material used to make the finished item. 
  • Mostly, we find inventory in manufacturing companies. 
  • So, there usually are costs associated with keeping up inventory at optimum levels, which the top administration chooses. 
  • So, inventory is recorded in the accounting books in 3 distinct ways. 
  • These incorporate the weighted standard strategy, Last In First Out (LIFO) and First In First Out (FIFO) methods. 
  • Note that every strategy has its ramifications on the income statement, mainly if there are fluctuations with the costs in the raw material. 
  • Therefore, understand that changing the inventory accounting methods is considered as a manipulation of the income statements.

What is Stock and things you need to know about Stock?

  • Stock alludes to the finished product that is ready to sell in the market. 
  • Note that Stock can likewise incorporate raw material if the organization is answerable for selling raw material. 
  • The worth of the Stock relies upon the expense of acquisition or the market price, contingent upon whichever is less. 
  • However, when Stock is sold, it will be deducted from the balance sheet added to the profit and loss statement as revenue.

What are the main differences between Stock and inventory?

  • Inventory involves raw material, work in progress, and finished products, while Stock includes only finished products.
  • Accounting for inventory is conducted on a quarterly premise, while for the most part, stock accounting is done on an everyday premise. 
  • Inventory should be kept up at an optimum level; optimum level is a level where profit maximizing is possible. Ideally, zero Stock is ideal; however, the organization should produce enough to satisfy the market’s needs.


Consists ofRaw materialWork in progressFinished ProductFinished productsRaw Material (If a company sells directly)
ValuationThe cost incorporated by the company using methods such as LIFO, FIFO, and Average cost method is used in determining the value of inventory.
The value of Stock is determined by the market price, which is the selling price at which the finished goods are sold. 
The RevenueInventory takes into account all the assets of a business used to produce the goods it sells. Also, inventory helps determine the sale price of the Stock. As mentioned, the Stock is used to determine the total amount of revenue generated by the business. The higher the Stock sold, the higher the revenues.  
Maintained onQuarterly basisDaily basis


  • There are situations where inventory is frequently mistaken for assets. Nonetheless, a few assets have various classes. 
  • The ideal approach to separate inventory, stock, and assets is by figuring out what stays in business other than customer sales. 
  • Therefore, it’s judicious to keep every one of the distinctions separate to keep up precise accounting records. 
  • If you need assistance dealing with your inventory, look no further than Vardaan Solutions.
  • However, if you need to know more about stock v/s inventory, you can head to this article.
Read MoreWhat is the difference between inventory and stock?

What are the benefits of online business?

Benefits on online business

As a business, one should get all opportunities that can benefit the business owner. Your online presence can help your business reach and connect with its audience at a worldwide level. As a result of that, where your physical store can’t reach, your online website can and it can prove to be one of the benefits of online business.

There are times when the customers prefer to visit the website first to look at your services, products, and reviews before visiting your physical store. Presently think, consider the possibility that you don’t have an online presence; I mean no online store. Indeed, there are high possibilities that you wind up losing an expected customer. I’m certain you will not need that! 

There are endless advantages to having an online business. In our previous blog – benefits of online business, we listed down some of them; in this blog, we’ve recorded some more reasons that legitimize why your business should be online. Let’s get into the article.

1. 24/7 business

Without the web, the business can’t offer its services for 24 hours. One of the significant advantages of having an online business is expanded and unsurpassed accessibility. With the assistance of an online website, you can allow your customers to visit and know about the business and services anytime and from any edge of the world. This can not be possible with an online business. Your customers can find out about your products and place orders at their convenience.

Envision how advantageous it is for your business to offer its services for a more period and even during holidays. It is very much like making cash even when you are sleeping because the internet is there for you. Your business should be accessible to those buyers who lean toward online shopping over the physical one to increase the reach. 

Additionally, we are looking at moving your business online, which doesn’t imply that you are shutting your conventional business. So, at last, having an online website for your business will increase your lead and sales in the market.

2. Great for specialty items

If you sell specialty items, working online is great. Individuals searching for a specific kind of item can, without much of a stretch, find and access your services, which implies that you can profit with more customers contrasted with a blocks and-mortar set-up, where you would be available to a restricted scope of individuals. Organizations, for example, Bikerringshop, sell expert items like skull adornments and skull rings. By working online, they can contact a worldwide crowd for their specialty items.

3. Exceptionally well known with buyers.

More and more buyers presently appreciate the straightforwardness and comfort of looking for services and products online. By setting up online, you will cater to this developing interest. Nowadays, individuals are accustomed to having the option to search for anything they need at any time.

4. Gives boundless opportunity 

Numerous entrepreneurs are attracted to online businesses as a result of the opportunity they offer. Current innovation, workstations, tablets, business applications are only a portion of the instruments that permit businesses to be worked from any area. Whenever you are in a Starbucks, look around- I ensure somebody is chipping away at their online business or startup with wifi and tasting their number one espresso. 

Not being attached to a specific area or work area all day can be very engaging. A few business visionaries don’t have the foggiest idea of how to adjust opportunity and flop pitiably, while others use the opportunity as inspiration to work much harder. Try not to confuse opportunity with time to relax. Genuine business visionaries regard opportunity and comprehend that difficult work is certainly worth the capacity to invest more energy with their families and participate in exercises that most pass up because they are essential for the all-day granulate.


There may be a few benefits of having an online business, yet one thing is without a doubt that you need to put forth the very attempts that you make in your offline business. By endeavors, I’m alluding to the promotion and publicizing of your online business. 

In the current situation, the significance of online business can’t be disregarded. Choosing not to see the advantages of having an online business is similar to denying the development of your business. Thus, don’t sit around any further and influence what the web has to bring to the table your business!

Download Vardaan now and move your business online in minutes!

Read MoreWhat are the benefits of online business?

Online Payments – Vardaan

Online Payments - Vardaan

The fundamental standard behind the business is that one party offers a service or goods in exchange for getting paid by the other party. Hence, the entire profit part of this interaction demands the ability to accept online payments. 

As the prominence of eCommerce has risen significantly in recent times, arriving at a 46% user entrance rate for digital business in 2020, the benefits of digital payments have never been so attractive to merchants. As a result, having the option to accept online payments has become essential for organizations small and big. With it, the significance of electronic payment systems has become considerably more pertinent.

Looking at the growing importance of online payments, Vardaan also added a new feature in the application through which merchants will accept online payments for offline and online orders.

Online orders:

Online orders in the Vardaan refer to the marketplace where the end customer can select the online payment option and pay the merchant online.

When it comes to offline orders, merchants can share the UPI link in the invoice through SMS and receive the payment.

For both the receivable payments, the order status gets updated automatically.

How to enable the available online payments option in the application?

Let us go through this step-wise:

Step-1: Go to the store.

Step-2: Open store settings

Step-3: Click on online payment settings

Step-4: Enable collect payment online mode.

Enabling online payment

Not only online payment, if you want, but you can also choose cash on delivery option; let us go through that too step-wise:

Step-1: Go to the store.

Step-2: Open store settings

Step-3: Click on online payment settings

Step-4: Enable cash on delivery option.

You can also give the customers to choose from both COD and online payment options by enabling both options together.

How to set up online payment in the application?

Before the merchants can start to receive the payments, they need to set up the online payment by adding their UPI or bank account details in the app.

Let us see the steps:

After enabling the online payment mode:

Step-1: Go to more options.

Step-2: select payment details.

Step-3: Add UPI or bank account details.

And there, the merchants have the online payment set done successfully in just some minutes.

Terms related to online payment processing in Vardaan:

  • Payout

The payout will be instantly processed as soon as the order status changes to done or delivered, which means the payment will be deposited in the merchant account by deducting the applicable charges.

  • On Hold

The payment will be on hold until the order status is not changed to done or delivered.

  • Refund

Once an order is canceled, the payment will be refunded to the end customer by dedicating the applicable charges.

Let us once go through the transaction charges:

For Marketplace charges:       

Credit Card2%
Debit Card2%
UPI1.25 %
Net Banking2%

For Payout Charges:

Up to 1000Rs. 4
1001-5000Rs. 6
5001-10000Rs. 7
10001 & aboveRs. 10


Read MoreOnline Payments – Vardaan

Digital Literacy-Indian Business

Indian Business- Digital Adoption

Small and Medium Businesses (SMBs) structure the foundation of the Indian economy and make considerable contributions to the national economic indicator and household income. However, digital literacy has changed the operational landscape of SMBs, predominantly led by the consumers using the internet through mobile. 

Government activities, for example, the Digital India Initiative, have been supplemented by private sector ventures to raise digital mindfulness and abilities among Indian SMBs. Internet adoption and digitization can help an SMB support its income. It benefits up to 2x quicker and scales homegrown and worldwide boundaries. 

Notwithstanding, regardless of substantial digital profits, digital literacy adoption by Indian SMBs has been moderately low before. However, rising internet entrance, combined with imperatives of the COVID-19 pandemic, is empowering technology adoption across the SMB sector.


Each SMB has diverse IT necessities, and one encounters distinctive IT challenges than large enterprises, as their budget plan and staff for IT assets are highly different.

Digitalization of small and medium organizations (SMBs) can add Rs. 11,60,000–15,850,000 crore (US$158–216 billion) to India’s GDP by 2024 and add to the monetary recovery post-COVID19 pandemic. Moreover, as per a Cisco study on ”Digital Maturity of Indian SMBs,” SMBs that are more carefully developed appreciate twice as numerous advantages as income and productivity than those with an indifferent way to deal with digitization. 

The study- Digital Maturity of Indian SMBs

The study is based on a review of SMBs in the Asia Pacific and was led by IDC and charged by Cisco. The 2020 SMB Digital Maturity Study assembled and dissected information from >1,400 SMBs across 14 business sectors in the APAC to evaluate difficulties and opportunities faced by organizations during their digital transformation venture. The 14 business sectors involved Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, Taiwan, and Vietnam. India right now positions ninth on this rundown, with capital ventures and a technically skilled labor force being the critical barrier in speeding up development.

Further explanation:

The report further explains that ~68% of Indian SMBs seek to digitally transform to present new items and benefits and separate themselves from the companion. In any case, being willing to accept change is just the main obstacle. As 84% SMBs revealed challenges in executing their digitalization objectives facing a deficiency of digital skills and sufficient ability, trailed by an absence of assets and understanding into information. ~70% said that they are speeding up a division to guarantee business congruity during COVID-19. ~60% perceive that companion is changing and that they should keep pace, while 50% seek digital transformation because of customer interest for change. Given the current situation, an ever-increasing number of customers are shopping online, causing a lift in online business deals; this gives SMBs the potential to change and expand on digitization. 

“During this me, small businesses have been wrestling with drastically diminished liquidity, disturbed supply chains, and loaning difficulties. To bounce back, they need to rotate and adjust swirly, reconsider their action plans, and distinguish their place and job in the new normal. In these endeavors, most small businesses have understood that going digital is critical. Hence, they show an eagerness to disrupt themselves,” as per Panish PK, Managing Director, SMB, Cisco India, and SAARC.


Infrastructure Issues

Infrastructure requires government or private intercession and does not come under notice because of a lack of adequate funds. So, numerous SMEs don’t know about the different financing alternatives accessible to them from NBFCs and banks. In addition, most lack digital literacy to accumulate data from the internet. 

Low productivity

Digitization has improved efficiency in reformist organizations by disposing of manual cycles and making them technology-based. However, traditional SMEs have slow processes, and their workers often lack basic computer skills. This hampers productivity. 

Inadequate funds

Funds are needed for advertising or marketing the items offered by conventional SMEs. The absence of digitization brings about a slight flow of income and a lack of cost-benefit analysis. Digital marketing can end up being less expensive when contrasted with actual advertising, which customary SMEs can’t employ. 

Absence of Innovation

Due to the shortfall of digital literacy, traditional SMEs can’t think of better approaches to attract customers. Since most buyers go online and use their tablets or mobile phones, formal SMEs fail to attract customers. Sometimes they can’t accept online payments or send e-bills. 

Less secure

Since conventional SMEs rely upon manual activities for selling their items, there are high odds of human blunders in terms of the amount sold, payments made, total income, total cost, and so forth, bringing rather more risk than precision.

Higher expenses

Operational expenses, publicity expenses, and development costs are consistently higher for a customary SME when contrasted with a digitized one. 

Absence of Training and Skills-

Lack of knowledge about using a computer, digital marketing, websites, social media, and web analytics hamper ordinary SMEs by adversely affecting efficiency. There is nobody to screen the everyday sales, profit, and competition this way.


Improved Customer Acquisition

Digitization permits SMEs to connect more with their intended target audience. And reaches customers in any country for upgraded visibility. Manage Customer connections more proficiently, and they can acquire customer insights through various tools. This will help in marketing products better and devise new sales channels. 

Operational Efficiency

As a digitized SME, technology can help automate core processes, making an SME more productive. This will especially allow the use of assets and give more control of coordination. 

Labor force Enhancement

With digital tools, SMEs can improve areas that need skill improvement. And identify shortfalls in the labor force. It turns out to be easy to track employee’s productivity, train them and make them mindful of the most recent concepts in digitization. 

Risk Management

By digital adoption, SMEs can protect sensitive data and financial information through security programming. In addition, it allows for better protection of existing resources through advanced surveillance and makes logistics more powerful.

Improves Productivity

The incorporation of digital tools can help employees work quicker and more productively. In addition, they can work remotely, also at any time to meet business emergencies right away. 


By digital adoption and digital tools, SMEs can assess the business better with metrics. Activity metrics like web traffic, process metrics like sales and acquisition, knowledge metrics like consumer insights, and individual metrics like employee satisfaction can help improve various parts of the organization.

Saves Costs

Digitization will help diminish operational expenses via automating center cycles and making everything smoothed out. Besides, SMEs can open up to any country on the planet for business without spending anything on advertising. 

Reduces Manpower

Since digital adoption will make most business measures automated, labor requirements will go down. There will be less chance y of human blunder, and less monitoring will be required.


Digitization isn’t just about converting information and data yet about using technology to discover better approaches for working together. There are countless new solutions and developments present in the market that practically everyone can use. Innovation with digitization assistance helps businesses and SMEs in India think of new ideas and innovations and manage work effectively. 

Stay tune with Vardaan for more articles.

Read MoreDigital Literacy-Indian Business



CGST, SGST, and IGST are classes of GST that are charged by Central and State Governments based on supply and utilization. The GST is a multi-staged and objective-based indirect tax levied on the supply of goods and services. GST is multi-staged; consequently, it is charged at each production level, and being objective-based, the tax is gathered from the ultimate point of utilization and not from any point of origin. Based on these points, the GST is partitioned into three sub-taxes, which are:

  • CGST (Central Goods and services Tax)
  • SGST (State Goods and Services Tax)
  • IGST (Integrated Goods and Services Tax)

What is Integrated Goods and Services Tax (IGST)?

The significance of IGST is the tax collected on transactions that happen interstate. In this, the seller and consumer are located in different states. Further, IGST is likewise charged on imports and exports of goods and services and provides SEZs or Special Economic Zones activities.

On account of interstate tax collection, rather than independently charging taxes for the Center and the State, the Government collects IGST, which is later divided equally. 

This includes no additional weight on the customer’s pocket since IGST is equivalent to the SGST and CGST clubbed together. It is collected by the Government to guarantee that the tax is similarly separated amongst the Center and the State Government. IGST makes the tax process hassle-free and sorts things out for the tax collectors when two states are involved rather than one.

Example of IGST

Asim from Madhya Pradesh sold goods to Pankaj from West Bengal, amounting to ₹ 1,00,000.

If the GST charged is 12%, then this 12% is IGST. Instead of two, only one tax is set that is handed over to the Central Government, out of which 6% is credited to the State of consumption. 

Thus, IGST compromises both CGST-tax to the Central and SGST-tax to the state. IGST is different because instead of directly distributing the tax to the Centre and directly distributing the form, the tax is collected in an ‘integrated’ manner and distributed later.

What is Central Goods and Services Tax (CGST)?

The CGST applies to intrastate exchanges when the dealer and consumer are from the same State.

Under GST, CGST is a tax demanded on Intra State supplies of both goods and services by the Central Government and will be administered by the CGST Act. SGST will likewise be imposed on the same Intra State supply, represented distributing by the State Government. 

This infers that both the State and the Central governments will consolidate their duties with a permissible income division. It is referenced in Section 8 of the GST Act that the taxes be exacted on all Intra-State supplies of goods and services, but the tax rate will not surpass 14%.

CGST is charged on all items ranging from household necessities to luxuries and manufacturing services to professional services.

Example of CGST

A manufacturer makes a product in Rajasthan and sells it only; its GST is 14%. SGST and CGST will be applicable wherein SGST (7%) will go to the Rajasthan state government, and CGST (7%) will go to the central Government. 

What is State Goods and Services Tax (SGST)?

The significance of SGST is a tax collected on account of the intrastate transaction when consumption and production happened in the same state. 

The State GST, as the name infers, is a tax collection mode for the State Government. It is gathered as a different tax on account of intrastate exchanges. Like CGST, it is charged across all deals and purchases and other non-exempted sales under the GST Act.

Example of SGST

Let’s suppose Rajesh is a dealer in Rajasthan who sold goods to Anand in Rajasthan worth Rs. 20,000. The GST rate is 18%, comprising a CGST rate of 9% and an SGST rate of 9%. In such a case, the dealer collects Rs. 3600 of which Rs.1800 will go to the Central Government and Rs. 1800 will go to the Maharashtra Government.

Why was GST split into SGST, IGST, and CGST?

Sub taxes under GST- CGST SGST IGST

India functions at the standards of federalism; accordingly, all states are joined under one entity. However, the State has its own defined powers as well. Therefore, both the Central and the State Governments own the ability to collect taxes. Both these frameworks of force have their duties allotted to their jobs, which expects them to gather assets as taxes. 

Preceding GST, the states worked on their own when it came to taxation. The State Governments and the Center charged different circuitous taxes. However, the GST clubbed all taxes into one.

GST was carried out, keeping in view the vision of ‘One Nation, One Tax’. In this way, it lowered all current Central and State taxes into one. To guarantee hassle-free and straightforward dissemination of taxes, the GST was parted into IGST, CGST, and SGST. The split of GST into these categories united the tax structure in the country by not denying the State Government funds simultaneously.

What decides whether CGST, SGST, or IGST is applicable? 

The trade is an Intra State or an Inter-State supply is essential to know to decide whether CGST, SGST, or IGST will be admissible.

Intra-State supply of goods and services is when the supplier and the consumer are in the same State. In Intra-State exchanges, a dealer needs to gather both CGST and SGST from the buyer. The CGST gets stored with Central Government, and SGST is kept with State Government. 

Inter-state supply of goods and services is when the supplier and the consumer are in different states. Likewise, in export or import directly distributing goods or services or when the supply of goods or services is made to or by an SEZ unit, the exchange is thought to be Inter-State. In an Inter-State trade, a vendor needs to gather IGST from the buyer.


These are the sub-classes of GST, but if you want to know what is GST then head to our previous blog by clicking here!

Read MoreWhat is CGST SGST & IGST?