Introduction Having a robust, reliable and dynamic accounting system forms the cornerstone of your business. Accounting systems help business owners keep a track of the business’s financial health. Good financial systems will also identify problems before they get out of hand. If you don’t know whether your company has a strategy to develop, adopt and...Read More

Financial accounting and management accounting are two popular terms in the financial sector. Although they are both branches of accounting, they vary in their scope and function. This blog shall discuss some of the key differences between financial and management accounting. Stay with us and read on.  Financial accounting & management accounting – Meaning and...Read More

Introduction Thanks to the growing strength of the internet, e-commerce is rapidly evolving across the globe. As per research, the Indian e-commerce industry has the potential to outperform more mature markets and become the third largest market in the world with US$ 350 billion by 2030. Have you been thinking of setting up an e-commerce...Read More

A business owner is very keen to track every business expense in the initial stage.  But as the business grows, the process gets complicated.  In such cases, managing business and accounts tend to become tedious.  But what if we told you there is a more straightforward way to manage time and money in accounting? To...Read More

Online fraud has become accustomed to top businesses of today. Multiple well-established brands fall under the pit of financial statement fraud. Understanding and protecting yourself from illegal acts can save you from heaving losses and bankruptcy. There are multiple fraud examples that answer the why of this action. Thus, to avoid them, this blog shares...Read More

There is multiple productive way of saving tax. You head that right. Now taxpayers can easily save tax legally. Most taxpayers are unaware of tax-free income. With the amount saved, taxpayers can invest double and drive better revenue. But how is it possible save tax legally? Diligen gives you 15 productive way of saving tax...Read More

The accounting function is very important for any business as it shows the true and fair picture of the position of the company at any point in time. This picture helps the company to set realistic financial goals and targets, ensuring there is no strain on the resources. However, there is always a strain on...Read More

A new section 194R- TDS on benefits or perquisites provided has been introduced in the Finance Act, 2022. Section 194R is applicable with effect from July 01, 2022.  Some important things about Section 194R Its Aim: Earlier companies/ perquisite providers would provide perquisites and/or benefits in either cash or kind to their distributors, channel partners,...Read More

The Repo Rate is the interest rate at which commercial banks borrow money by selling assets to our country’s central bank, the Reserve Bank of India (RBI), in order to maintain liquidity in the event of a fund shortfall or regulatory measures. It is one of the RBI’s primary instruments for keeping inflation under control....Read More

Say Goodbye to FRAUD and THEFT!   When it comes to business/finance, we all want to feel safe and secure. Theft and fraud are serious issues that we should all be aware of. So, if you want to learn more about fraud and security scams, keep reading!   Nowadays, dealing with money scams and online...Read More