Financial statement mirrors the health and status of your business. Sorting through various aspects such as debit, credit, income, and expenses calls for financial literacy. Accounting is a language in itself; to understand financial summary, you must be wary of a few accounting terms. We are often approached by our clients with plenty of questions…
read moreSmall business bookkeeping and accounting bring loads of complexities and choosing whether to do it in-house or hire an
read moreCash is trash; is it a new concept? No. To understand why cash is losing its power, we need to understand and acknowledge the economic factor and what exactly cash is. As per our system, we categorize any holding of value as an ‘Asset.’ These assets are of different forms as well, such as fixed,…
read moreIntroduction A startup requires grit and passion, along with business planning and projections. The thought of running a business for a decade seemed a very distant dream for the majority, but the scenario shifted in the past decade. The startup ecosystem has three major factors: Business Planning Financial Projections Valuation There is an upsurge in…
read moreA management information system (MIS) is an information system that is used in an organization for decision-making as well as the coordination, analysis, control, and visualization of information. People, processes, and technology are all involved in the study of management information systems in an organizational context. The ultimate goal of using a management information system…
read moreIt is not a good idea for a business owner to handle bookkeeping. You must maintain track of all receipts, comprehend cash flow, and prepare tax reports. Instead, you should hire a professional accountant or bookkeeper. But first, you need to understand the main distinctions between bookkeeping and accounting. As a result, we'll go over…
read moreHow often have you heard, in the months or years following the launch of your company, that you require bookkeeping services? The majority of business owners, including you, will likely respond "a lot" to this query. Since the day you initially opened your doors and received your first payment, advisors, partners, and other well-meaning employees…
read moreFor the last few days, the repo rate has been on the lips of the common people. Everyone is saying that RBI has increased the EMI of their home, personal, and car loans by increasing the repo rate. Some people are aware of the repo rate, but most people have no idea about it. So…
read moreIntroduction SOPs or Standard operating procedures (the acronym for SOP) Ever happened? You assigned a task and got an altered picture of what you wanted. You assumed you covered everything, even going back and forth several times while explaining. Still, tons of errors or task straight up wasn't understood correctly in the end! To bridge this…
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