Blogs

Manual bank entries for lakhs of your transaction are no less than the dinosaurs; both of them are extinct, one due to the advancement of time and other due to the advancement of technology. Bank Import via excel has been a great help to the accountants, but it has become the
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A Day Book is a book of original entry in which day to day transactions are recorded by accountants chronologically. Further, the transactions are transferred into a ledger and then summarized into a set of Financial Statements. For some, day book is a well but for many it’s a sea. Difficulty
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Every one of us must have surely visited a restaurant and have never received an A4 size invoice/bill ever. Rather at most places we get Thermal bills be it a fine dine, self-serve buffet or take away. Restaurant is just one such example, majorly all automated invoicing retail stores have the
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Since the enforcement of E-invoicing in October 2021, many changes occurred in the E-invoice generation process. Initially, it was made mandatory for businesses registered under GST with an aggregate annual turnover of more than Rs.500 crores, which was then reduced to Rs.100 crores in January 2021, Rs.50 crores in April
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Tax Deducted at Source (TDS) was developed by the Indian Income Tax Department to collect tax from all sources of income. It is the amount deducted from a person's income and remitted to the Central Government by an authorized deductor. It is an advance tax and is totally a deductor’s (the
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