Finance is the lifeblood of every business. Funds are required to begin, grow and sustain a business. Though the founding team mainly does funds management, CEO/COO/CXO/CFO, accounting professionals take care of the accounting process. Read on to find out the best hands to manage your business accounts. Traditional working methods Businesses have been employing accounting...Read More

Emerging technological developments and outsourced accounting services have redefined the accounting industry. They are helping companies to play in fair competition using artificial intelligence and automation. These advanced accounting tools and techniques not only minimize the time required to do repetitive jobs but also provide error free reports that help in analysis and decision making...Read More

When it comes to GST in 2020, the most major and extensively publicized change has been e-invoicing. Industry-specific invoicing procedures have existed. Despite the proprietary methods of preparing invoices, the overall taxpayers welcomed the unified approach to e-invoicing. Understanding E-Invoice Under GST Under GST, E-invoicing is abbreviated and more often known as an E-invoice. E-invoice...Read More

Small businesses face many challenges and roadblocks while carrying on their day-to-day operations as compared to larger organizations that are well equipped to encounter them. Small business owners juggle between various tasks and thus accounting as a business function takes a back seat, which ultimately affects their business growth, profitability and survival. Some simple solutions...Read More

During each financial year, employees need to project their investment options and provide an investment declaration to their employer. Employers use this declaration to deduct TDS on salary. The employees need to fill up their declarations on their employee portal and also submit documents as proof of their investment. If employees do not provide sufficient...Read More

Bookkeeping is an understated yet crucial part of accounting and financial management. The role of bookkeeping is to record the financial transactions of a business. It is the stepping stone to making informed decisions regarding the sustainability and scalability of a business. That is why the former CEO and founder of Visa, Dee Ward Hock,...Read More

Come April 1st, 2022 and with it, a new financial year, 2022-2023, brings several changes in tax laws. The Union Budget 2022-2023 has brought about several amendments to the Income Tax Act that would be effective from April 1st, 2022. The government has announced several proposals that are bound to bring about a substantial change...Read More

Businesses need financial data and information to understand the present state of operations and to predict future opportunities. Financial reports help owners and management to focus on important aspects of financial data. More so, financial reports help the organization stay focused on its business operations. And ensure their goals and objectives are being achieved as...Read More

According to Albert Einstein, one of the brightest minds ever seen, the hardest thing in the world to understand is the taxes. And it is rightly so. With the changes and additions in the tax laws year after year, it becomes a challenge to the unversed to tackle taxation. The pandemic has further complicated the...Read More

A good Chief Financial Officer (CFO) ensures good financial management and a good financial management ensures business success. Many businesses having good ideas eventually fail unless they carefully manage their finances. A CFO is the senior most financial officer who looks after the finances of the company and takes strategic financial decisions of an organization....Read More