Accounts Receivables constitutes a significant source of funds which is the key to any successful business. Any business, irrespective of its mode of operation and size, depends mostly on accounts receivablesto ensure a smooth cash flow system. There are multiple ways to manage accounts receivable. None of them can ensure complete success but can curb [...]
About adminThis author has not yet filled in any details.
So far admin has created 253 blog entries.
Financial Reporting plays important and crucial part in every business. A sound Financial Reporting is crucial for both the management and investor; it helps them to take their decision for smooth business flow and development of future growth. Especially when we are a small business, it becomes a challenge for us to manage everything at [...]
A Chief Financial Officer (CFO) is an experienced professional who oversees management of finance and provides direction necessary to produce timely and accurate financial information which improves decision making, reduces business risk and provides peace of mind. Most of the small to mid-sized organizations do not have the resources available for hiring a full-time CFO. [...]
The basic responsibility of the Virtual CFO (Chief Finance Officer) is to act as a guardian of the company by taking absolute responsibility of ensuring the financial internal processes being followed. CFO’s monitors the cash flows of the company and explore the different business opportunities in comparison with the market trend. Further he helps in [...]
The most important thing to start with ITR filing is getting the required documents together. Documents you would need would vary depending on the types of income you have.
Shops can do manual billing under GST and Net connectivity is needed only at the time of filing monthly return and can be managed from a cyber cafe.
As a relief to the taxpayers earning not more than Rs 5 lakh the maximum penalty will be Rs. 1000.
The technology should help you to seamlessly prevent, detect and correct the exceptions before the filing of return and reconcile your books with GSTN.
From taxation being imposed on the manufacture or sale of goods and provision of services under the present system, it will move to GST being levied on supply of goods and services.
There are about 80 lakh excise, service tax and VAT assessees as present, of which 64.35 lakh have already migrated to the portal of GST Network -- the company readying the IT backbone for GST regime.