The cash flow gap refers to the time interval between the date when a business pays cash out for the purchase of stocks or wages, and the date it receives cash from customers for the same purchase and services rendered.
A certificate of deposit is a savings certificate with fixed maturity dates & specified fixed interest rates. Continue reading “Certificate of Deposit”
Production planning is the preparation of production and manufacturing modules in a company or industry.
A balance sheet is an important financial statement prepared by a company at a specific period in regular interval to showcase its financial position.
We live in a world where it’s hard not to find barcodes anywhere we go.
Accounting originated when the first trading started back at 3000BC. It used to keep all exchange information in a book.
Inventory mostly associated with retail or manufacturing business & industry.
Inventory refers to the goods stocked for future usage. Every retail chain has its own warehouse to stock the merchandise to be used when the existing stock replenishes.
GSTR-2 is an application of Return for Inward supplies for the tax period. It is the next step for the taxpayer once he has filed GSTR-1.
The yearly return filed by the registered taxpayers in GST, including those listed under composition levy scheme, is known as GSTR-9.
GSTR-1 filing is a regular monthly sales return filing. It’s mandatory for all businesses who registered themselves under GST.
Accounting software helps a small business owner to track & monitor all his expenses and transactions in a month. It provides various financial reports to understand & analyze business health.
The retail industry is the fastest growing industry in India also in the world. The retail industry growth rate was 23% in 2017 in comparison to 2016 and is expected to grow at a higher rate in 2018.
GST council came up with new changes in GST tax rules after 28th GST council meet held on 21st on July 2018. The best and most accepted change is an exemption of GST on sanitary napkins.
Accounts payable occurred when a company procured some goods or raw materials from a seller on credit. So, on credit means the company opts for late payment within a stated duration.
Before moving to accounts receivable management first, let’s find out what’s the definition of accounts receivable management. Continue reading “8 best ways to turn accounts receivable into cash”
Business owners most of the time feel the need of an accountant at the time of tax filing. But do you an accountant can add more value to your business.
Under this GST regime, it’s mandatory for every business to register them under GST. Currently including GSTR-3B companies have to file three other returns i.e. GSTR-1, GSTR-2, and GSTR-3. Continue reading “All you need to know about GSTR-3B Filing”
Financial statement analysis can be referred to as the analysis of financial reports like balance sheet etc. This analysis can be done quarterly or annually as per the business requirement. It helps to assess the past, current & future financial situations of the business.
Cash flow and revenue are very necessary for a small business as it shows the health status. Cash flow & revenue both are different so never take both of this as equal. Revenue shows how the business performs and sales
An investment center is responsible for the growth in revenue of a business or entity through various investments in capital assets. Continue reading “What is Investment Center?”
Ending inventory estimation is a difficult task to carry out. Ending inventory is the amount of ending units of inventory at the end of a month or fiscal year.
We all know that an invoice is raised for the product or service rendered by a business. But do you know a simple invoice can help you to generate more sales for your business?
Income tax form 16 is issued by an employer to its employee as a proof of the amount deducted as income tax has been deposited. Income tax form issued on annual basis i.e. every year on or before May 31st.