Banking
What is a Cancelled Cheque A cheque with two parallel lines drawn across it with the word “CANCELLED” written in between is called a...
Hi, what are you looking for?
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...
India is a big country with a relatively large consumer market. Because of its vast population and substantial middle-class section, it is one of...
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...
India has the potential to assist you in realizing your entire entrepreneurial dream. To be sure, you do not need a superior education from...
Introduction to Indiamart Indiamart is a huge B2B marketplace that renders products and services on the portal of sales. It is headquartered in Noida,...
Objectives of Stand Up India Scheme The objective or goal of the Stand Up India Scheme is to make the process of bank loans easy between...
Small firms, particularly those in the industrial sector, rely heavily on technology. Micro, small, and medium-sized enterprises must invest in machinery and equipment to...
What is Partnership Deed? A partnership deed is a legal document in a written format that contains an agreement between two persons who want to undertake...
Senior persons have the right under 80TTB to claim a greater deduction for interest income generated on deposits. It is intended to assist elderly...
Khadi and Village Industries Commission, KVIC is a statutory body formed by the Government of India, GOI in 1957, under the act of Parliament...
Corporate Identification Number is the full form of CIN and is a number that is given by the Registrar of Companies, ROC to identify...
India is endowed with a plethora of traditional industries. This industry not only contributes significantly to large-scale job possibilities at a relatively cheap capital...
What Is VAT? VAT full form is the Value Added Tax. It is an indirect tax that the national government levies on products and services...
What is Trade License A trade license authorises an applicant (someone wishing to start a business) to conduct a particular industry or trade in a specific...
“No revision has been made to the existing income tax slabs in the recently announced Union Budget 2022″ Taxes are collected on its inhabitants...
What is ICEGATE ICEGATE stands for Indian Customs Electronic Gateway. It is the national portal of Indian Customs of the Central Board of Indirect Taxes...
Tax Deduction and Collection Account Number, TAN is an important and mandatory number for any individual, business or enterprise who is filing for their...
Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE is a scheme that is introduced by the government of India, by the Ministry...
MSME Loan Schemes: MSME – the abbreviation for Micro, Small, and Medium-Sized Enterprises. These sectors contribute to the overall financial stability of the country....
What Is Break-Even Point? The break even point is the level of output at which the company’s overall revenue and total expenses are the same. At...
Introduction to Company Income: Before learning about tax rates and how they are determined, we need to know about the types of income a...
What is NSIC? NSIC full form is National Small Industries Corporation. It is owned by the Govt of India under the authority of the MSME –...
What is SSI Essentially, “Small Scale Industries” are those that create, produce, and provide services using little machines and a small workforce. These firms...
As a development bank, NABARD is mandated to provide and regulate lending and other support facilities for agriculture, small-scale industries, cottage and village, craftsmanship,...
What is PSB Loans in 59 minutes? Psbloansin59minutes is nothing but an online marketplace that allows entrepreneurs to apply for a business loan at a...
What is FSSAI? If we talk about FSSAI full form, it is the Food Safety and Standards Authority of India (FSSAI) which has been launched...