No matter how smart, trusted or well-trained your accounting department is, accounting transactions are always prone to blunders. For this, a maker-checker tool adds a second set of eyes that can help detect errors or any suspicious activity while authorizing transactions. Dual approval undoubtedly helps safeguard your company by guarding it against unintentional mistakes and …
Keep An Eye on Transactions with Approval Workflow Read More »
Bank Reconciliation via Excel Upload Bank Reconciliation Statement (BRS) is a very critical function for any organization. Ever wondered why your bank statement balance differs from the bank balance shown in your books of accounts? Exactly why a BRS is needed. Some companies have 1,000s of banking transactions and reconciling them is an absolute nightmare.. …
The paradigm of the corporate world is evolving rapidly. With the advancement in technology, every sector is witnessing development through changes. A ton of human labor is being replaced by technology. The finance industry is no exception. Accounting software has always been an integral part of the industry. Almost every company relies on these software …
Evolve to the new age – a guide to switching to an online accounting software in India Read More »
The finance industry has to tackle a herculean amount of data regularly. Storing all the data on a hard drive is neither cost-efficient nor is it risk-free. Despite all those drawbacks, professionals often find it hard to put their faith in cloud systems. There are a few concerns that sometimes may stop the companies from …
RealBooks – the only cloud-based online accounting software that you need Read More »
What is the GST accounting Software? GST accounting software or GST Software is accounting software that manages taxation related to GST Filing. A Good GST-compliant accounting software is a right fit business application for your business. Worried that you might be filing wrong tax returns and the taxman might come knocking on your door! Fortunately for you, …
What is a GST accounting Software? Features of GST Software – RealBooks Read More »
What is Cloud Accounting? Cloud accounting or cloud-based accounting or web-based accounting is the application of accounting as software as a service using the internet and cloud. Earlier accounting was usually spreadsheet or manual-based. But today accounting is widely used on mobile and internet devices and this transformation gave rise to cloud accounting. Online accounting, Web-Based accounting, …
What is Cloud Accounting? How Cloud Accounting Benefits Small Businesses? Read More »
GSTR 2A Reconciliation has become increasingly important since the implementation of GST in 2017. GSTR 2A is an autogenerated read-only form that is related to B2B purchase tax returns. The GSTR 2A captures information from your suppliers’ GSTR 1, 5, 6, 7 and 8. This information constitutes details about all the purchases you have made …
Eliminate the tediousness of GSTR 2A Reconciliation Read More »
Due to the pandemic, people have found ways to collaborate in a geographically decentralized manner. Evidently, work-from-home has become a culture. It also opened our eyes to the fact that the majority of the tasks don’t really require the need to be in the workplace. With proper tools and software in place, a handful of …
How to manage accounting in a hybrid workspace in 2021 & Beyond? Read More »
As cloud vendors, we come across customers that at times question the relevance of online accounting software. While their concerns are no doubt, valid, the baseline most of the time is that- The questions they raise lack research! And no one is to blame here. The poor availability of proper information related to functions of cloud …
Here’s What You Need to Know about Busting Myths on Cloud Migration Read More »
Filing ‘e-way bill‘ is common on GST portals to facilitate transporting of goods from one place to another. Similarly, the GST council introduced the system of e-invoicing for specific categories of people. E-invoicing is not a feature to generate invoices on the GST portal but it requires submitting an already generated invoice on the portal. …
GST E-invoicing On An Accounting Software – How It Is Beneficial For Your Business? Read More »
