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 […]
Turn Capital Gains into Startup Growth: How Selling Your Home Can Supercharge Indian Startups (And Save You Tax)
Imagine selling your old home not just for a profit—but for a purpose. What if the gains from that sale could launch India’s next unicorn startup, with the added perk of zero tax on your windfall? Welcome to India’s innovative capital gains exemption for startup investments—a rare win-win for sellers and the startup ecosystem alike. […]
Understanding the Latest GST Rate Changes: What Businesses and Consumers Need to Know
Did you know that the GST system has completely changed, and this change is going to affect your pockets and shopping lists very soon? The earlier confusing slabs of 5%,12%,18% and 28% are finally gone. The government has made a bold move to make the GST structure simpler and easier to understand for common people. […]
How to adjust entries in accounting?
Introduction To Adjustments Adjusting entries are made at the end of an accounting period. They help match income and expenses to the right time they happened. Learning how to adjust entries in accounting is important because, without proper adjustments, your financial reports may show wrong profits or losses. Each entry changes two accounts—one from the […]
Importance of Case Studies in Learning Accounting
Learning accounting is more than just reading books and solving problems, and it’s also about understanding the concepts behind the numbers. It’s about knowing how finance works in real life. That’s where the importance of case studies comes in to help reach your goal. They help you understand how accounting works in real business situations, […]
