GST

What is Form 16? This Form 16 is a certificate issued by your employer. It certifies the details of your salary for the year and the TDS deduction. These are the scenarios when the form showing a TDS deduction is necessary: Form 16 means acknowledging that your deducted tax amount deposit is complete with the […]

“Failed to establish a connection to the server. Kindly restart the EmSigner.” You must have encountered this error on the GST portal while filing your GST return or during DSC registration. It is called an emSigner error.  Government services are rapidly being digitised in India to ensure quick and seamless service delivery. Filing returns is

‘Profit and Loss’ is a common term used across various business verticals. It is one of the most basic principles on which every business operates. This article will discuss the meaning of the profit and loss account and all the important terms associated with it. What is a Profit and Loss Account When the revenue

Letter of authorization for GST in terms of every business entity except for when the business entity is a sole proprietary or is run by a single individual. Since many people run the business, it is very difficult for the owner or the entrepreneur to conduct all the handlings of the business itself. That’s why

What is Trial Balance A trial balance is a critical financial document used in accounting to ensure the accuracy of recorded transactions. It is a statement that lists the balances of all general ledger accounts at a specific point in time.  The trial balance ensures that total debits equal total credits, thus verifying that the

An integrated accounting system can be a blessing for businesses, especially for all small and medium enterprises. It may sound complicated, but it is actually a simple accounting system wherein you can maintain all financial and cost-related transactions in the same accounting books. This means that constant data flow is ensured all across your financial

For any business to have a successful run, it must have long-term financial planning and impeccable accounting practices. Business accounting involves identifying, recording, and reporting all transactions and investments of a company. The insights that the process generates are crucial for a business owner to make informed decisions and ensure growth for the company. Nowadays,

The quality of financial management and accounting practices employed in a business can be crucial for its growth. It is essential to keep a tab on all investments, expenses, revenue points, and transactions to ensure zero fraudulent activities. This guide focuses on the nitty-gritty of farm accounting.  Although the basic principle of accounting remains the

Quality accounting practices are integral to any business’s effective management and functioning. Keeping track of all transactions, investments, and reports helps generate crucial insights for a business’ future. While most accounting practices apply to businesses of all kinds, hotel accounting poses different challenges and requires a unique approach. [adinserter block=”3″] [adinserter block=”4″] How is accounting

ERP stands for Enterprise resource planning and is a crucial tool that every small and medium business should use. It is being used widely for efficient business management all over the world. ERP accounting is a much more advanced extension of accounting systems and software that can positively contribute to a business’s financial success.  If