Starting a business is easy, but running it efficiently and profitably is a different story. You can’t run a healthy, successful business without keeping the books in order. It doesn’t matter if you hire a CA for your business. As the owner, you have to be aware of your business’s finances and have a good …
Easy Bookkeeping for Small Businesses: Why It’s Important and How to Start Read More »
Juggling through a heap of paper bills, and combining them just to track business transactions is time-consuming and therefore frustrating. You, as a business owner, don’t want to do that but surely want to keep an eye on your business transactions! Don’t worry about how will this happen because day book reports make it possible. …
Understanding the Basics: What are Day Book Reports in Business Accounting? Read More »
Can you say that your business is profitable? Picture this: Your expenses surpasses income, and you find yourself in a pile of bills to pay. Not the news any business owner wants to hear! That’s precisely why calculating your profits and losses is crucial and profit and loss statement does exactly that. Let’s understand why …
Profit and Loss Statement: What It Is, How to Calculate It, and Why It’s Important Read More »
If you are a new business owner who has just started, then keeping track of your daily financing activities on Excel sheets might work for a few months. Once your business starts to gain speed, then there is an increase in the number of customers as well as vendors. In this position, maintaining your daily …
The Benefits of Small Business Accounting Software for Growing Businesses Read More »
Cash flow statements! So, you have heard about them often but do not know exactly what they do! Through this article, know what they exactly mean, the benefits they provide to your business and some more key information. What is a cash flow statement? A cash flow is simply the net amount of cash transferred …
Cash Flow Statements: Everything You Need to Know to Grow Your Business Read More »
Owning a business is not an easy task. Throughout the process of delivering a product or service, everything is complex, from coordinating resources to managing employees. Basic accounting for small businesses is one such essential aspect which every business owner should be aware of. By doing so and by implementing effective business accounting principles from …
A Quick-Start Guide – Easy Accounting For Small Businesses Read More »
GSTR-2A and GSTR-2B are two separate GST return forms. Interestingly, both of them provide information about Input Tax Credit (ITC) available to you. As both talk about Input Tax Credit, they should not be confused as having the exact same information. This article will briefly but clearly explain the differences between GSTR-2A and GSTR-2B return …
GSTR-2A vs. GSTR-2B: A Comprehensive Guide to the Key Differences Read More »
If your business is registered under GST, then it is important for you to file GST returns without fail. These returns specify the income details of your business. The amount of tax that is necessary for your business to pay to the government is calculated accurately based on the GST returns that you file. You …
GSTR-1 Return Filing: Step-by-Step Guide, Format, and Eligibility Read More »
Filing GST returns as accurately as possible is crucial for your business. Heavy penalties and late fees are JUST two common problems that you can face as a business owner when your GST return filing contains errors. It is very important for you to completely understand which GST returns apply to your business, not miss …
5 Mistakes to Avoid While Filing GST Returns for Your Business Read More »
Passionate about healthcare and interested in starting your own medical store in India? To open a medical store is a rewarding business, as it allows you to serve your society by providing essential medications and healthcare products. However, like any business, it requires careful planning and execution. In this article, we will guide you through …
Medical Store License in India: Eligibility, Process, and Documents Required Read More »
