Bookkeeping

10 years before, many Business owners were using standalone accounting software. They did customisations with a feeling that “let the data be safe with us”. They ran it with the known limitations and with unknown problems. But what they missed is their standalone software was not changing as the business was changing dynamically. Competition left […]

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Now a days every business owners are aware of free software solutions and its probable business solutions. They use Gmail, Facebook, WhatsApp etc. and they don’t know its on CLOUD and but they see the benefits. Many are looking for Cloud ERP Solutions for their Small Business. Some are looking for cloud based ERP Solutions for […]

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How SMEs can take advantage of input Tax credit which they couldn’t take earlier? Let’s start with an example on how to take an Input Tax Credit. Suppose RAVI paid Rs 100,000 to purchase an item and he paid Rs 10,000 as a tax (Purchase tax 10%). Now he has to include the same in his […]

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Worldwide, SMEs are the basic businesses that help and contribute towards GDP and Employment. This could range from 40% to 80%. At India, SME contributes around 40% of GDP, which is great one. Ironically, many SMEs start and close soon before it becomes large. The challenges could be funding, competition and not understanding the ecosystem. […]

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What is Value Added Tax or VAT? Value Added Tax (VAT) is a Sales Tax collected by the Government of the state where the goods or services is bought by the consumer. It is a tax on the final consumption of goods or services which is borne by the end user or the consumer. VAT […]

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What is Bookkeeping? Bookkeeping is an important activity of keeping financial and business records, involving and retrieving of financial transactions. It is an essential part of accounting in all the businesses operations, whether is small medium or large business enterprises. It is such an important activity which decides your business strength and without proper bookkeeping, it’s impossible to run […]

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