The famous entrepreneur of the 17th century, William Penn, mentioned diligence and patience as the two qualities which like faith, can move mountains. Diligence is not a new concept, but lately, its significance in the business world is more recognised. So, what is due diligence? It is an extensive appraisal of the different aspects of...Read More

The Indian government, in its union budget for 2022-2023, has laid a roadmap to bring stability and technological development to the Indian industry. So that domestic companies may have a competitive advantage to compete globally. The budget has provided incentives to startups so that they grow, flourish and create sustainable business development that benefits the...Read More

Businesses have always used machines to make their work easy. Though the use of automated machines initially began with manufacturing activities, their use in accounting has been booming. Automation enables companies to process a large volume of data and reduce manual processing at cheaper costs. Automated accounting is beneficial to the firm in the following...Read More

The terms financial controller or CFO, though used interchangeably, have some differences. This is especially true for small companies who are low on budget to hire a financial controller and a CFO. There are many factors that have to be considered while deciding who the business needs; A Controller? A CFO? Or both? Who is...Read More

Risk is the uncertainty of an event happening in the future. This uncertainty deviates an organization from achieving desired outcomes and hence it has to be managed. Enterprise Risk Management (ERM) involves various strategies that identify potential business risks and analyze them to provide appropriate responses to mitigate and minimize any losses that would have...Read More

Bookkeeping is an indispensable activity in any business. It involves recording the various financial transactions and preparing the trial balance. This sets the tone for making correct business decisions. Thus, bookkeeping is a must, irrespective of the type and size of the business. The pandemic has changed the ways of the business world. The relevance...Read More

Payroll cannot be seen as just another function of Human resource management. The human resources of any business are vital, so payments for their services become crucial. To explain it in simple terms, it is that one window which opens to the details of the employee and their activities. This, in turn, helps in computing...Read More

  They say that a small leak can sink a ship, do you know what is better than fixing the leak…? Making sure that there are none!  That is what Bookkeeping is all about, it is the first step of financial management.  Bookkeeping can be described more as an on-going task, than as a single activity....Read More