Fixed Asset is an asset that is held by the person with the intention of being used for the purpose of production of the goods or providing the goods or services. These assets are not held for the purpose of sale in the normal course of business. Fixed assets are also known as long term… Continue reading Understanding The Accounting For The Fixed Assets
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How outsourcing accounting and book-keeping may help your start-up?
A business practice in which a company takes services of their various departments from a third party is known as Outsourcing. It is very difficult for start-ups, small businesses, and entrepreneurs to hire a qualified accountant. Significantly those pursuing righteous skills in preparing and analysing financial statements of a company, managing their banking operations, and… Continue reading How outsourcing accounting and book-keeping may help your start-up?
Your Accounting and Finance function — Own it or Outsource it?
What if your current accounting team is not abreast with recent changes related to Income Tax / GST or not trained for a situation like sudden attrition in your accounting team? You continue to trust their skills and availability to manage the basic accounting functions, only to realize later that there are errors, which are… Continue reading Your Accounting and Finance function — Own it or Outsource it?
Types of Registration for your Sole Proprietorship
Ideas are easy. Implementation is hard. The success of a Business, in the long run, isn’t only determined by its idea but also the Business structure it is formed of. Hence choosing the right type of Legal Business Entity is very important, here is a list of a few if you wish to set a… Continue reading Types of Registration for your Sole Proprietorship
The Benefits of Outsourcing Finance and Accounting Services
Accounting outsourcing means entering into a contract by an organization with third party consultant to outsource part or all of its accounting functions. Finance and accounting outsourcing activities are getting very much popular in many organizations, as outsourcing accounting and bookkeeping services helps an organization to focus more on core functions of business and to… Continue reading The Benefits of Outsourcing Finance and Accounting Services
How Outsourcing Accounting And Book-Keeping May Help Your Start-Up?
A business practice in which a company takes services of their various departments from a third party is known as Outsourcing. It is very difficult for start-ups, small businesses, and entrepreneurs to hire a qualified accountant. Significantly those pursuing righteous skills in preparing and analysing financial statements of a company, managing their banking operations, and… Continue reading How Outsourcing Accounting And Book-Keeping May Help Your Start-Up?
How Outsourcing Accounting And Book-Keeping May Help Your Start-Up?
A business practice in which a company takes services of their various departments from a third party is known as Outsourcing. It is very difficult for start-ups, small businesses, and entrepreneurs to hire a qualified accountant. Significantly those pursuing righteous skills in preparing and analysing financial statements of a company, managing their banking operations, and… Continue reading How Outsourcing Accounting And Book-Keeping May Help Your Start-Up?
Accounts Receivable Guide To Managing Cash Flows
There is a direct relationship between your firm’s growth and its working capital requirement. As your sales grow, your level and composition of working capital, namely, Inventory, Receivables, Cash, Payables, Short Term Loans etc. will also change. Accounts Receivables (AR) is one of the major components impacting the requirement of working capital. AR is a… Continue reading Accounts Receivable Guide To Managing Cash Flows
WHY EVERY SMALL BUSINESS SHOULD OUTSOURCE ITS ACCOUNTING SERVICES TO INDIA
A company needs to thrive and be profitable, irrespective of it being a small company or large multinational if it wants to be both stable and financially sound. Having a team of professionals boosts the business processes, and it is one of the company’s essential functions, which promises constant growth. Why do firms need to… Continue reading WHY EVERY SMALL BUSINESS SHOULD OUTSOURCE ITS ACCOUNTING SERVICES TO INDIA
WHAT YOU NEED TO KNOW ABOUT PRIVATE LIMITED COMPANY?
Private Ltd Company:- Private Ltd Company means a corporation having a minimum paid-up share capital as could also be prescribed, and which by its articles, – (i) restricts the proper to transfer its shares (ii) except just in case of 1 Person Company, limits the amount of its members to two hundred; (iii) prohibits any… Continue reading WHAT YOU NEED TO KNOW ABOUT PRIVATE LIMITED COMPANY?