Category: Finance & Accounts

Equipping Modern Enterprises with Powerful GST & E-Way Bill Solutions

  • GST Filing & Reconciliation
  • E-Way Bill Automation
  • GSTIN Search & E-Way Bill APIs
May 23rd, 2019 in Finance & Accounts

Difference between AS 1 and Indian AS 1

Indian AS 1 Indian AS1 deals with the presentation of Financial Statements on the basis for which an enterprise furnishes and present their financial statements. This will help the enterprise to compare their financial statements of previous periods and also with the competitor’s financial statements. IND AS1 also outlines the guideline regarding the structure of…

May 22nd, 2019 in Finance & Accounts

Sub Fields of Accounting

Accounting is a broad expression and includes many other subfields under it. However, the sub-fields consist of financial accounting, human resource accounting, cost accounting, management accounting and social responsibility accounting. Let us take them in brief: Financial Accounting Financial accounting to a great extent worries about the planning and elucidation of financial statements and records…

May 22nd, 2019 in Finance & Accounts

An Introduction to Debit and Credit in Accounting

The accounting system has been vigorously using the terms “debit” and “credit” for decades. Debit and credit are crucial to the accounting system most entities use today, i.e. the double-entry bookkeeping system. Below we have introduced debit and credit in accounting as simply as possible.   The following topics have been discussed in this article:…

Updated on May 21st, 2019 in Finance & Accounts

IFRS Convergence

Each nation follows its own accounting standards and policies. In any case, in the previous couple of decades, the worldwide monetary situation has changed drastically. Presently there are transnational organizations that work in numerous countries. So now there is a necessity for a standard that can be accepted worldwide. At this point of situation, IFRS…

Updated on May 20th, 2019 in Finance & Accounts

Limitations of Accounting

Accounting plays a very important role both for the company and shareholders. As through accounting, they get the financial position and all the transactions of the company. However, everything that has pros also has cons, similarly, there is a certain limitation of accounting. Let us see these limitations in brief: Accounting Limitations Accounting is Evolving…

Updated on May 16th, 2019 in Finance & Accounts

6 Steps Beginner Tutorial for Bookkeeping

Bookkeeping in a business plays a vital role as it forms a basic framework for the accounting system of that bookkeeping framework. Bookkeepers are in charge of classifying the monetary transaction of the business and recording those exchanges in the general ledger. In the event that you are an owner of a small business, you…

May 14th, 2019 in Finance & Accounts

Shareholder’s Agreement

A shareholder’s agreement is a document that defines the relationship between the shareholder and the company. Shareholder’s agreement defines the mutual obligations, provisions, authorities, privileges, rights and provisions regarding authorities and management of the company. The main aim behind the shareholder’s agreement is to safeguard the interests of shareholders especially for the ones that are…