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Bookkeeping

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...

Business Ideas

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....

Finance

Financial reporting gives you an insight into the financial performance of a business during a certain period. Tracking business metrics allows you to stay...

Business Ideas

A dealership is established when an entrepreneur allows a person or business to market a specific product. As a result, setting up a dealership...

Finance News

Business Ideas

Small Town Business Ideas Here are the list of 10 popular business ideas that you can start in a small town. If you are...

Business Ideas

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...

Business Ideas

What is a POS system? A point of sale is a point where customers checkout with the items they have purchased. A point of...

Business Ideas

Bihar is one of the most densely populated states in India. While earlier, the main occupation of the people there was agriculture, in recent...

Accounting News

cost sheet format cost sheet format

Accounting

A cost sheet is a form of a financial statement made by businesses and manufacturers to analyse the business expenses. A cost sheet includes...

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GST

“Failed to establish a connection to the server. Kindly restart the EmSigner.” You must have encountered this error on the GST portal while filing...

GST

What is GST Rate?  GST stands for Goods and Services Tax, and it aims to replace all taxes and levies, including excise taxes, countervailing...

GST

GSTR 7 is a GST form that needs to be filled by registered taxpayers who wish to deduct  Tax Deducted at Source (TDS) from...

Business Ideas

What is a Wholesale Business? The term “wholesale” applies to two distinct market models. A company can purchase products in bulk directly from manufacturers,...

GST

When a person decides to commence a business, there will be several things that he/she shall consider. For registering a business of the supply...

GST

When you start a business or if you own a business, there are various factors that you should consider and you must also know...

GST

What is the place of supply where the products are supplied under GST? Determining the Place of Supply under GST of Goods is important...

GST

Who is a GST practitioner? According to Section 2(55) of the CGST Act, 2017 GST Practitioner meaning is any individual authorized under Section 48...

GST

What is Composition Scheme under GST? Section 10 of the GST Act describes the Composition Scheme under GST. This is a different form of taxation...

Accounting

One of the pecuniary policies used by the Reserve Bank of India (RBI) to control the money supply in the economy is the Cash...

TAX

What is DPT-3 Form DPT 3 was notified to protect the interests of the Company’s deposit holders or creditors, the Central Government in consultation...

GST

GST, known as the Good and Services Tax, should be paid by any business whose summative turnover is more than INR 40 lakhs in...

Billing

What is the HSN Code The World Customs Organization (WCO) created it as a multipurpose foreign commodity nomenclature that went into operation in 1988...

TAX

Any payment or remittance made to a non-resident is subject to a plethora of laws and regulations. Initially, when a person made a payment...

GST

What is GSTR 9C? GSTR-9C is a statement of reconciliation between:  the Annual Returns in GSTR 9 filed for a Financial Year, and  the...

GST

What is GSTR 9? It is the annual return that compiles the taxes for all the financial transactions of a business in one year....

GST

What is GSTR 4? GSTR-4 is a GST Return that must be filed by a composition dealer. Unlike an ordinary taxpayer who needs to...

Accounting

An integrated accounting system can be a blessing for businesses, especially for all small and medium enterprises. It may sound complicated, but it is...

Invoicing

A B2B transaction is one where both parties involved in a transaction are businesses. An invoice is a document that acts as the proof...

GST

This blog covers everything you need to know about GSTR 2 and how it’s going to affect your business and work. Every business and...

Registration

With the rise in Small and Medium Enterprises in the country, the government has facilitated the Udyog Aadhar Registration for small businesses. This is...

GST

The idea behind introduction of GST Compliance Rating is to encourage GST registered businesses to be fully compliant with GST rules & regulations. If...

Billing

Today, many small and medium businesses are still highly dependent on cash transactions, and therefore, use hundreds of cash memos every other day in...

Billing

A shop bill book is like an identity of your business. Every customer gets to keep a part of that identity through the invoices...

Invoicing

A furniture business can have numerous transactions every day because there is a massive industry demand for good-quality furniture items for both retail and...

Bookkeeping

Regardless of size, every business thrives on the systematic recording of its day-to-day financial transactions. Small business bookkeeping provides small enterprises with a simple...

Accounting

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...

Finance

What is Financial Risk? Financial risk can be defined as any peril that can bring about the loss of capital to interested groups or...

Invoicing

A vendor invoice is a document listed by the recipient, which includes the total amount the supplier owns. When an order is placed for...

Accounting

The quality of financial management and accounting practices employed in a business can be crucial for its growth. It is essential to keep a...

Accounting

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...

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...

Invoicing

The demand for gold is never-ending. Day by day, the number of people purchasing gold is increasing, especially women customers. Whenever you purchase gold...

Accounting

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...

Finance

What is an audit? An audit refers to the autonomous inspection of financial information of any organisation, regardless of whether they’re for-profit or non-profit,...

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