What is the Accounting Cycle?
One of the most crucial components to ensure that your business runs smoothly is
its 'money.' After all,…
4 min read
Accounting
Examine the world of finance and accounting, providing in-depth perspectives and invaluable insights for industry professionals. Read more on expert analysis, discover new techniques, and stay informed on the latest trends in this cornerstone of the business world
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Latest posts
Cash Accounting Vs. Accrual Accounting Vs. Modified Accrual Accounting-Explained
Time and time again, we quote a particular study from Wasp Barcode Technologies,
called the Small Business Report - Accounting…
5 min read
What Are Payment Terms in Invoicing & How They Help With Cash Flow
Many small businesses face issues with cash flow due to late payments from their customers. Being upfront and clear with payment terms is a vital part of getting paid on time.
8 min read
Bookkeeping Basics For Entrepreneurs
Bookkeeping not only keeps you in charge of your finances but also helps you take better financial decisions. Therefore, you'd do well to acquaint yourself with bookkeeping basics as an entrepreneur.
4 min read
Double-Entry Bookkeeping vs Single-Entry Bookkeeping
The vast majority of small businesses - nearly 60% - do not have adequate accounting systems knowledge. This lack of awareness has led small businesses to maintain their books of accounts using a system that is widely characterized as a single-entry bookkeeping system.
5 min read
Step-by-Step Guide for India GSTR Filing
If the taxpayers are not involved in any business activity during the tax period they are required to file nil returns.So, it is essential to understand the GSTR filing process
7 min read
What is a Balance Sheet? Explained under 3 minutes
A Balance Sheet offers a snapshot of your company’s financial position at a moment in time.
The Balance Sheet helps you answer the questions:
- How much does your business own?
- How much does your business owe?
- How much was invested by your own fund, or shareholders funds?
2 min read
What is Multi Step Income Statement | A Complete Guide
In this article, we explain in details the definition of the multi-step income statement with examples, and also explain the type of business that uses the multi-step approach.
8 min read
What is the Single Step Income Statement & When to Use It?
Explanation of the single-step income statement in greater details. Find out the accounting equation to compute the net profit using the single-step income statement and examples of single-step income statement.
3 min read
What is GSTN?
The GSTN is a non-profit, non-government organization. It will manage the GST portal's entire IT system, which is the mother database for everything GST. The Government of India will use this portal to track every financial transaction.
3 min read
What is GSTIN?
All business entities will need to Register under GST and obtain a unique 15-digit Goods and Service Tax Identification Number (GSTIN). It will replace the previously existing Tax Identification Number (TIN), allotted to businesses for registering under VAT.
3 min read
Cloud-Based Accounting Software: 9 Reasons Your Business Needs It
For most small and medium enterprises, dealing with finances is the most
challenging part of doing business. Doing accounting yourself…
5 min read
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