When it comes to understanding your business finances, two statements often come up: the income statement and the balance sheet. While both are essential, they serve different purposes. The income statement vs. balance sheet comparison is key to grasping how …
Running a small business comes with many moving parts. Between managing customers, suppliers, team members, and daily operations, keeping track of your finances can quickly turn into a time-consuming task. And when your financial data is spread across different platforms—spreadsheets, …
Filing GST returns is an essential part of running a compliant business. Whether you’re a small trader or a growing enterprise, understanding how GST returns work—and when to file them—can save you from unnecessary penalties and help you make the …
Managing finances across multiple banks can be time-consuming, especially for Asset Management Companies (AMCs) and other large institutions. The operational friction—multiple logins, fragmented views, and manual reconciliations—often results in inefficiencies that scale with the business.
This is where OPEN’s connected …
Unified Payments Interface (UPI) has transformed how businesses and individuals handle payments today. Whether it’s buying groceries, paying utility bills, or transferring money to vendors, UPI has made digital transactions simple, fast, and widely accessible.
As the use of UPI …
Whether you run a small business or manage logistics for a larger company, understanding e-way bill rules is crucial. Mistakes in e-way bill compliance can lead to heavy penalties and delivery delays. In this blog, we’ll break down e-way bill
If you run a business or offer professional services, you already know that staying on top of GST payments is crucial. One key part of that process is learning how to generate GST challan correctly. Whether it’s for your monthly …
For many small businesses, GST registration is one of the first formal steps toward scaling operations and building credibility. But the process isn’t always straightforward.
Between document uploads, form validations, and portal errors, registration often comes with avoidable delays—especially for …
Return filing is a fundamental compliance requirement for businesses operating under India’s Goods and Services Tax (GST) regime. It’s not just about ticking boxes for the authorities—accurate and timely GST return filing directly impacts Input Tax Credit (ITC) flow, vendor …
Goods and Services Tax (GST) has changed the way businesses handle taxation in India. For Micro, Small, and Medium Enterprises (MSMEs), staying compliant with GST rules isn’t just a legal requirement—it’s a day-to-day business practice.
GST returns are an important …
A GST invoice is a legally mandated document that serves as evidence of the supply of goods or services under the Goods and Services Tax (GST) regime. It is critical for accurate tax determination, input tax credit claims, and compliance …
Linking your Aadhaar number to your bank account is an important step to access government subsidies and benefits. It also helps banks verify your identity and keeps your account updated as per regulatory requirements. The process is simple and can …
The Bharat Bill Payment System (BBPS), now known as Bharat Connect, is a revolutionary step forward in payment infrastructure. This unified platform transforms the traditionally fragmented bill payment experience into something remarkably simple and efficient.
Backed by robust …
