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 arises when you need …
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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 same thermal billing process …
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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 2021, Rs.20 crores in April …
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 one paying an income …
Be it an expected forthcoming expense or expected liability or depreciation of asset or doubtful debts or any such expected or forecasted hit (through business analysis) on your company’s pocket, it needs to be addressed and provided against your current profits in order to be rest assured and hassle-free running of your company. You, as …
Traditional accounting is a thing of the past. Businesses are getting smarter by taking on the cloud and ditching almost all the physical aspects that limit their potential. If the lockdown has taught us anything then it’s the simple fact that relying on office computers is no longer a feasible option. We need to make …
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How well are you managing your bills? Bad debts are inevitable. Ensuring your customers pay their bills on time still remains a challenge. To help you keep track of which bills are still unpaid and for how long, a Bill Aging report is prepared. Simply put, bill aging helps you to analyze which clients are …
Monitor the health of your business with RealBooks’ Bill Aging Report Read More »
From Blaise Pascal (inventor of first adding machine) to Charles Simonyi (inventor of Excel), there has always been a motivated initiative to shift the manual works to an automated process in order to make the individuals more productive by indulging into more productive works alongside assigning the works to automation devices or work with the …
Accounting Automation – The Future of Businesses Read More »
Individuals do not step into the businesses in order to gain financial and accounting expertise. They bid on their flipping coin with a vision of its growth at every step rather than focusing on the accounting processes. But small businesses, startups, etc. not always find it easy to find an appropriate or competent accountant or …
Outsourced Accounting – A Growth Opportunity or a Limitation Read More »
GST Service Providers are exclusive licensed entities authorized to enable a platform for businesses, accounting professional and registered taxpayers to access the GST portal services which helps the taxpayers to comply with the GST Law through GST software applications and APIs. When something smart and efficient is available, RealBooks doesn’t waits a second to absorb …
RealBooks’ GSTR-1 filing via GSP lets you file Returns smoothly Read More »
