GST

With the rise in technology and the ease of doing business on e-commerce portals such as Amazon, Flipkart and Myntra, it’s no secret that your business has taken success over time. But to retain that success, grow and make your business more efficient, you need to keep track of all your sales, purchases, invoices and […]

Accounting is quite possibly the core part of management and organisation in any business. In firms with a few moving parts, an accounting group that precisely tracks the development of assets into and out of the company is fundamental. This guarantees both transparency and profitability. In the construction industry, however, firms and contractors face unique

Accounting is essential for all business organizations. If you even own a small business, you must do accounting to record all the business transactions of your business. Accounting can help a small business in many ways like determining the performance of the business, to take loans from banks in the future, to make business decisions,

Computerized accounting software is a solution to account management with the help of which one can evaluate the financial performance and profitability of various enterprises. This software can either be used by installing on your computer or access remotely through your mobile phone with the help of an internet or WiFi connection. People have stopped doing

This is a guide that includes information regarding cloud accounting. Before we move on to cloud accounting, let us first see what a cloud is. These days a majority of people use internet banking. When you use internet banking, you access your bank data every time and that is by using the cloud. It is

This article is all about the various facts of manufacturing accounting which you will see further. When it comes to accounting for a manufacturing business, it includes the cost of goods sold recognition and inventory valuation. Besides, many other concepts come under the accounting of a manufacturing business which are as follows: Moreover, the details about tracking

Accounting is a way of keeping track of a company’s financial transactions. Like other disciplines, accounting has a set of rules by which it functions to achieve maximum effectiveness. These rules are called the Golden Rules of Accounting. The Golden Rules of Accounting rules bring uniformity to each step of accounting. They make it easier

An accounting system is a method used to manage the financial activities of a business including income and expenses. Every business keeps an accounting system so that they can track any kind of financial transactions comprising of purchases, sales, liabilities, etc. An accounting system can also generate complete statistical reports to provide a clear set of data to aid

An accounting partner is none other but an accounting professional who works as an employee for small companies. However, sometimes accounting partners can also be referred to as chartered accountants who work for huge accounting firms by entering into the partnership.  Accounting plays an important role in every organization. It is the finance department that leaves a

Major Bookkeeping & Accounting Differences The functions of bookkeeping and accounting are distinct, mainly because they are performed by different groups of people. Generally, a company’s bookkeeping and accounting tasks are divided into two parts: The Bookkeeping Department is responsible for the day-to-day recording requirement and data entry task whereas the Accounting department is primarily