Accounting
The majority of businesses establish credit arrangements with their suppliers or consumers, allowing customers to make purchases on account. Credit purchases speed up commercial...
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What is an SME Loan? An SME loan is specifically designed for small and medium-sized enterprises (SMEs). These loans help businesses expand, invest in...
In the beginning, every business needs a certain amount of money and financial strength. When it relates to the establishment of any enterprise, capital...
Today, conducting business is the most profitable and trustworthy activity ever. But it’s hard for young business owners to make enough money to keep...
MSME loans are popularly termed “under 60-minute loans”. The government introduced the MSME loans in September 2018. This startup business loan by the Indian...
What is an MSME Loan? If you are an owner of an MSME, you can obtain an MSME business loan to expand your business,...
What is Credit Limit? The credit limit of a credit card refers to the maximum amount of credit a bank or other lender will...
For a layperson, a barcode may be just a set of black lines on a white surface. But in reality, entire inventory systems run...
Inventory management is a complete task in its own right. From keeping track of the stock to ordering and purchasing new items, it is...
What is PAN Card & PAN Number? PAN Number is a 10-digit alphanumeric Permanent Account Number provided to all Indian taxpayers. It is issued...
Every individual has the right to access medicines and drugs for their physical and mental well-being. The store that manages the distribution and sale...
The majority of businesses establish credit arrangements with their suppliers or consumers, allowing customers to make purchases on account. Credit purchases speed up commercial...
What is Inventory Turnover? It is the rate at which a company orders and replaces its stock depleted by sales. It includes all the...
The balance sheet format of a company provides precise information about its financial stability and position. According to accounting theory, the balance sheet represents...
In earlier times, tax-paying used to be a manual job. An individual or a company had to pay their taxes at their respective banks,...
Difference between a Debit Note and Credit Note BASIS DEBIT NOTE CREDIT NOTE Definition A Debit Note is a detailed document that indicates a...
What is Challan ITNS 281 Challan ITNS 281 or Challan 281 is used to deposit Tax Deducted at Source (TDS) and Tax Collected at...
From July 2017, the new tax regime Goods and Services Tax, more widely regarded as GST, has been a tax applied to all businesses...
The Goods and Services Tax (GST) was implemented on 1 July 2017 to replace several indirect taxes, such as state government VAT, customs charges,...
Inventory management techniques: Only by adopting effective methods of inventory management as per the standard the inventory management techniques will be successful. Depending on...
The Ministry Of Skill Development and Entrepreneurship (MSDE) has launched the program of building state-of-the-art, visible, and aspirational model training institutes in every district...
Plastic money, that is, credit cards and debit cards, has been increasing in use in recent times. Many people prefer to use credit and...
Debtors Turnover Ratio Formula No business can afford to conduct all transactions in cash; thus, making credit available to clients is a requirement. But...
Financial stability is commonly regarded as the foundation of any organisation. When a business is involved in sales or purchases, it is necessary to...
Keeping track of a company’s financial transactions, organising them for future reference, and creating financial statements is known as bookkeeping. Organisations use either a...
Consumer products that are sold quickly at a relatively lesser price are categorised as fast-moving consumer goods which in short is known as FMCGs....
Financial reporting gives you an insight into the financial performance of a business during a certain period. Tracking business metrics allows you to stay...
A dealership is established when an entrepreneur allows a person or business to market a specific product. As a result, setting up a dealership...
Small Town Business Ideas Here are the list of 10 popular business ideas that you can start in a small town. If you are...
Upgrading a cash register to a point-of-sale (POS) system is likely to be a difficult task. However, due to the POS system’s increased operational...
What is a POS system? A point of sale is a point where customers checkout with the items they have purchased. A point of...
Bihar is one of the most densely populated states in India. While earlier, the main occupation of the people there was agriculture, in recent...
A cost sheet is a form of a financial statement made by businesses and manufacturers to analyse the business expenses. A cost sheet includes...
“Failed to establish a connection to the server. Kindly restart the EmSigner.” You must have encountered this error on the GST portal while filing...
What is a Cancelled Cheque A cheque with two parallel lines drawn across it with the word “CANCELLED” written in between is called a...
Medical stores never go out of business. Even during the global pandemic, when most parts of the world were in lockdown, medical stores were...
If you’re planning to opt into the GST composition scheme for the current financial year 2022-23, 31st March is the last date. Any small...
Starting a business in Delhi is an excellent idea because it’s the most prominent commercial hub in Northern India. In addition, there are numerous...
The month of April marks the beginning of a new financial year in India. With the new beginning comes the new changes in taxation...
Mumbai is India’s fastest growing business startup hub. There are several innovative business ideas in Mumbai that can generate high returns. In addition, this...
e-Invoicing extended for businesses with more than INR 20 crore annual turnover. In February 2022, the Goods and Services Tax (GST) council announced that...
As the Financial Year 2021-22 is about to end in a couple of weeks, businesses need to make sure certain things related to GST...
March – the last and the most important month of the Indian Financial Year (FY) has finally come. It’s time for businesses and taxpayers...
Unified Payments Interface (UPI) has changed the face of money transactions in India. In the initial days of the Covid-19 pandemic, when people were...
Odisha has been a very agricultural-based economy for centuries. However, with a huge coastline and ancient history attached to the state, other business opportunities...
The industry is where goods and services are produced on a huge scale. A country depends on its industries for economic development, while the...
The GST Amnesty Scheme is a government programme created to benefit traders and businesses who have failed to file their GSTR 3B due to...
The purpose of most businesses is to sell more and generate profit. A major part of this is the company’s cash flow. Cash flow...
Financial statements are extremely important from a business point of view. Whether you’re a large scale multinational corporation or a small and medium enterprise,...
India has been an agriculture-based economy for ages. The sector contributes around 20% to the country’s overall Gross Domestic Product (GDP) and employs about...
The Union Budget 2022-23 has been announced by the Finance Minister, Nirmala Seetharaman on 1st February. Mentioned here are the points related to MSMEs,...
With a large number of small businesses and MSMEs still struggling to get back to normalcy due to the ongoing pandemic, the Union Budget...
With the rise of digital money and transactions, it is important for every individual and business to know what a Virtual Payment Address is....
While conducting business, an individual or the owner of the business needs to know what the account status of the business is, not every...
The Central Board of Indirect Taxes and Customs (CBIC) announced a uniform GST rate of 12% on different kinds of fabrics, footwear and apparel....
Inventory management is one of the biggest roles of a business. It is very important for businesses to understand the nature of their business...
Keeping a check on your inventory and the prices at which the raw materials were bought and the prices at which they need to...
What is Order Management System? An order management system is nothing but an electronic method to handle the lifecycle of an order. Moreover, it offers a...
An itemized inventory of all the components necessary to make or sell a product is termed a Bill of Materials (BOM). Succeeding are the...
Vanakkam! If you are planning to start a new business in Tamil Nadu, we have just the right ideas for you. For starters, let...
What is Bank Reconciliation Statement? A bank reconciliation statement means nothing but a summary of business and banking activity that reconciles an entity’s bank account...