A major update as there is now Relaxation in Accounting Rules for Small and Medium Companies in India. This was done to support the idea of making it easy to do business in India. The goal is to cut down on the amount of paperwork and time it takes to generate financial statements. As a … Read more
The future of Digital Accounting is very bright in India. As we all know, Every business is shifting to an online marketplace. Similarly, Accounting is also rapidly available now digitally. Experts estimate that the future of digital accounting is increasing at a significant percentage of 8.6%. Therefore, In this article, we will read about digital … Read more
With time, the methodology of a business changed a lot because the traditional process consumed more time and effort and that resulted in the fall of productivity. But in the digital world, everything is moving very fastly and AI made the process even simpler in the business. As per the business report, many giant companies are … Read more
There are multiple reasons why business owners consider outsourcing bookkeeping and accounting services. Outsource Your Bookkeeping and accounting service were only affordable to large companies. But with the help of technology, things have changed now. Outsourcing your accounting and bookkeeping jobs has advantages that go beyond cost savings. Therefore, in this article, we will read … Read more
The National Financial Reporting Authority (NFRA) was established on 1st October 2018 by the Government of India under the Companies Act, 2013. The Ministry of Corporate Affairs under the Government of India administers NFRA to regulate the auditing standards in the country. Composition of the Authority (NFRA) NFRA should be composed of one Chairperson, three … Read more
The Cabinet approves MoU between ICAI and QFCA. Consequently, It will now have a positive impact on the economies of both countries. Therefore, to start availing the benefits, the business in India should hire experts for Bookkeeping and Accounting Services. In this article, we will read about the news of Cabinet clears India-Qatar deal on … Read more
Earlier, there was a myth that large businesses use the Management Accounting method to boost revenue by tracing the financial information. At present, many small and large companies are using Management Accounting. If you run a business, then you must be aware of the importance of Management Accounting to regulate your business effectively. Management Accounting … Read more
In simple words, bookkeeping records financial transactions relating to sales, purchases, payments, and receipts. The transactions can either belong to an individual or an organization. Bookkeeping is just one aspect of accounting services. In this article, we will discuss Reasons Why People Get Bookkeeping Services Online On the other hand, accounting services are much more … Read more
We all have heard many important financial terms about bookkeeping and accounting. These two play a crucial role in the success of any business. we will discuss all you need to know about accounting and bookkeeping, services and benefits related to it. Understand about Bookkeeping and Accounting Bookkeeping and accounting are the day-to-day records of … Read more
When it comes to business then, assessment of business accounts are important and necessary as well. Just to assess the business account, firms need to ensure that their organizations have the best accountant. An accountant is a person who provides Bookkeeping and Accounting Service. Here, we will be discussing liabilities in accounting. We will be also … Read more