When you are running a company or managing accounting, there are some basics you need to be clear about before you indulge in complicated transactions. Transactions can be difficult and, in order to ensure that all is in place, bank reconciliation is necessary. If this prompts questions to pop in your head, further down is…
The most awaited and new tax system in India came into existence on 1st July 2017. After this, most of the businesses were able to continue smoothly as they adopted GST Compliance. But there are many businesses still that are not very sure about various compliances which can lead to heavy fines and penalties. Rules…
Unless youre a bookkeeper or accountant by profession, you rarely dont spend time thinking about the two (but hey, no shame if you do). Similarly, you probably dont know that theres a distinction between bookkeeping and accounting. That is because, for most of you, bookkeeping and accounting are the samewell, not entirely wrong. Indeed,…
It is the duty of every company, regardless of size, to accurately track and report the money flowing in and out of its accounts by way of sales, expenses, and payrolls, but many entrepreneurs lack the knowledge and experience necessary to make this happen. Proper bookkeeping management is not only a necessity for complying with…
“It’s not about ideas, It’s about making ideas happen” Entrepreneurs often believe that profit is what matters most in a new enterprise. But profit is secondary. Cashflow matters the most. When you are an entrepreneur, there are a lot of tasks and processes that demand your attention. On top of regulating employees and payroll,…
GSTR 3b is the basic return of GST. Every registered person except the composition dealer, TDS, and TCS deductor is required to file it. It is a monthly return and the payment of tax in GST is linked with GSTR 3b. It means we make the payment of tax under GST while filing GSTR 3b.…
GST State Codes List in India The GST taxpayer gets the GST number after registering with GST. The first 2 digits in the registration number are the state code. The GST State Codes are used to identify the state of the GST registered entity. These codes are also useful while raising invoices in GST and…
Top Accounting firms in South Africa for Small Businesses Accounting is one of the essential services of any business, be it small or big. Businesses are often forced to spend a lot on the accounting department. There are various approaches that a business can take when it comes to their accounting needs. It is…
Accounting is one of the essential services of any business, be it small or big. Businesses are often forced to spend a lot on the accounting department. There are various approaches that a business can take when it comes to their accounting needs. It is a good idea to go through the different options…
Top Accounting Firms in UK For Small Businesses Accounting is one of the essential services of any business, be it small or big. Businesses are often forced to spend a lot on the accounting department. There are various approaches that a business can take when it comes to their accounting needs. It is a…