Accounting standards are essential to maintain transparency and uniformity in financial reporting. In India, the accounting standards are set by the Institute of Chartered Accountants of India (ICAI) and are based on the International Financial Reporting Standards (IFRS). These standards apply to all companies in India, both public and private, and are mandatory for preparing… Continue reading Accounting Standards in India : Ensuring Transparency and Consistency in Financial Reporting
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A Guide for Choosing the right Billing Software your Business in 2023.
Billing software is a tool that helps businesses manage their invoicing, payments, and expenses. It can help streamline the billing process, saving time and improving efficiency. Choosing the right billing software is important, as it can have a significant impact on your business operations. When selecting billing software, it’s important to consider your needs, the… Continue reading A Guide for Choosing the right Billing Software your Business in 2023.
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?
THE WORST MISTAKE AN ACCOUNTANT CAN MAKE AND HOW TO AVOID IT
No doubt, just like normal humans, even accountants can make some errors at the time. But it’s all okay as all mistakes can be avoided with proper care. When you avoid errors, you can truly grow. Accounting errors do happen, but with appropriate planning and preparation, you can indeed prevent them. All of us know… Continue reading THE WORST MISTAKE AN ACCOUNTANT CAN MAKE AND HOW TO AVOID IT
ONSITE BOOKKEEPING AND OFFSITE BOOKKEEPING
Bookkeeping plays a vital role when one wants to keep track of the financial transactions of the company. If a company fails to understand it, then it cannot maintain a track of daily, monthly, and yearly receipts or payments. When one runs a business, it is next to impossible to manage both bookkeeping and day-to-day… Continue reading ONSITE BOOKKEEPING AND OFFSITE BOOKKEEPING
A Perfect Blend of Accounting with Technology – Accounting Software
The software is used by professionals engaged in the process of accounting. The introduction and use of the software application have made significant revolutions in the accounting world. It has made the process of financial transactions efficient and fast. All tasks like accounts receivable and payable, cash flow analysis, general ledger, trial balance, balance sheets,… Continue reading A Perfect Blend of Accounting with Technology – Accounting Software
Bookkeeping Outsourcing Services How Your Small Business Can Benefit
Bookkeeping is a bit of each productive business. Records delineate that a business cannot exist or have the alternative to serve without the help of master bookkeepers. Bookkeepers and budgetary counsellors expect a critical activity in bookkeeping, investigating, charge plan organizations, and consultancy among various occupations. Do investigate on charge organizations on TSP and company… Continue reading Bookkeeping Outsourcing Services How Your Small Business Can Benefit