What is SAP HCM and SAP SuccessFactors?
SAP provides two advanced tools, SAP HCM and SAP SuccessFactors, to facilitate human resource management. Both seem identical, but they have different architectures. SAP HCM was built on earlier technology. At that time, companies store their data in their servers. But now, technology has changed a lot. It is the era of cloud services. SAP […]
Financial Accounting vs Managerial Accounting
Accounting is the backbone of any business. It keeps track of business performance, decisions, and money flow. The most prominent branches of accounting are Financial Accounting and Managerial Accounting. You may get a feel that both are the same, but they are different concepts indeed. Let’s discuss more about them and their difference between financial […]
New Rental Rules: What Every Tenant & Landlord Should Know
India’s rental system is entering a more organised phase in 2025. For years, renting a home meant dealing with unclear deposits, unpredictable rent hikes, and agreements that were either informal or never registered. The Rental Law aims to fix exactly that. They bring structure, transparency, and peace of mind for both tenants and property owners. […]
The Importance of Cash Flow Management for Businesses
An organization can succeed only if it is financially stable. The majority of businesses fail due to cash flow issues, so understanding cash flow management is a prerequisite. If there is good cash flow management in your business, then that means your business is thriving. To achieve good cash flow management, we have to ensure […]
Complete Guide to Computerized Accounting System: Types & Benefits
Nowadays, the accountants no longer use a pen and pencil to record transactions in a ledger book. Now it is the era of digitalization, and everyone is using modern computers for this purpose. Computerized accounting systems are also becoming quite common, as complex financial transactions are very hard to enter manually in a book. A […]
Working Capital Management: Meaning, Ratios, and Tips
Working Capital is the main lifeblood of every business. It is the only factor that helps businesses pay their suppliers and promote company growth. But many businesses are struggling to meet the financial requirements in their daily operations. Certain problems, like delayed payments from customers or having too much stock, can affect the ability to […]
Accounting vouchers: Definition, Benefits & Types of Vouchers
A voucher is proof that a financial transaction has been made. It helps us track how much money is received or paid, and it ensures that every transaction is recorded correctly. Many types of vouchers are available in the market, like receipt vouchers, payment vouchers, journal vouchers, contra vouchers, debit vouchers, credit vouchers, sales vouchers, […]
What Is The Difference Between Capital Reserve And Revenue Reserve?
In every business, some profit is set aside to meet future requirements. This amount is not used to pay dividends to shareholders. Such a type of fund can be termed a Reserve. Reserves are essential concepts in accounting and financial management. Keeping Reserves is very important in case of a future financial emergency. There are […]
EPFO Makes Key Changes to PF Rules – You Can Now Withdraw 100% of Your Eligible Balance
The Employees’ Provident Fund Organisation has announced that all members are allowed to withdraw 100% of their eligible PF balance. The EPFO has also made it easier to make partial withdrawals for purposes like education and marriage by allowing more withdrawals and reducing the minimum service period required. This EPFO Rule Change decision was taken […]
Rectification of Errors in Accounting: Meaning, Types, and Practical Examples
Accounting is a field that needs more accuracy to ensure its operations run smoothly. Commonly, several errors can occur for various reasons. To rectify these errors, we have to take specific actions. Before that, we need to know the types of errors that can pop up. In this blog, we will discuss every error and […]
Steps To Delete a Company In TallyPrime
Deleting a company in Tally Prime is not a tedious job. But you should know all the steps to do that particular task. In this blog, we will discuss every step for deleting a company in TallyPrime. Make sure that you did not make any mistakes in the middle of this process. It is said […]
What Is Supply In GST: Types and Essential Concepts You Should Know
Do you want to know what Supply is in GST? This blog will provide you with all the details, and this knowledge can help you expand the scope of your record-keeping to attain your goals easily. During the indirect tax regime, there was no concept of supply. At that time, there were excise duty, Service […]
