Tag: Bookkeeping

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

  • GST Filing & Reconciliation
  • E-Way Bill Automation
  • GSTIN Search & E-Way Bill APIs
Updated on May 18th, 2019 in Finance & Accounts

What is Bookkeeping?

We frequently utilize the terms accounting and bookkeeping conversely. Howsoever, in reality, bookkeeping is a part of the accounting procedure that records all the financial transaction. So let us discuss bookkeeping and its disparities with accounting. Bookkeeping Bookkeeping is a process that deals with the activities related to the classification and recording of monetary data…

April 30th, 2019 in Finance & Accounts

Double Entry System in Accounting and Bookkeeping

Introduction Accounting is an art of identifying, recording and summarizing the financial transactions that are measurable in terms of money and analyzing the result thereafter. Further, there are two ways to maintain accounts and they are Single and Double Entry System of bookkeeping. But generally, the monetary transaction is recorded in the Double Entry for…