Ever wondered how businesses keep their finances on track and avoid cash mishaps? Proper financial record-keeping isn’t optional – it’s a critical foundation for any company’s long-term success. At the core of sound financial management is a fundamental tool: the …
Manual processing of documents is a nightmare for accountants. With non-reconciled invoices and unpaid bills piling up, it becomes increasingly difficult for accounting professionals to keep day-to-day track of the books of account.
As such, automated bookkeeping has become a …
Prior to the introduction of GST (Goods and Service Tax), goods were consigned based on an invoice or a delivery challan. These goods were verified on the incoming and outgoing checkposts of the respective regions. This resulted in heavy investment …
The Covid-19 pandemic has profoundly impacted the economy and placed gig and hourly wage workers at disproportionate risks. They are under a microscope and in the spotlight. This is because the job loss and financial insecurity during the pandemic have …
As the name suggests, a business bank account is an account created exclusively in the name of the business to handle business banking and finance management needs. Running a business involves a huge number …
Accounting automation refers to the use of technology to streamline accounting processes and reduce the need for manual intervention. This can include the use of software to automate tasks such as data entry, bank reconciliations, and financial reporting…
Are you running a business? If yes, you are definitely using a current account. In most cases, even more than one. Currently, a lot of business owners use these multiple current accounts to manage different aspects of business. You may …
India houses more than 63 million Small and Medium Enterprises (SMEs) and is the largest employment provider in India. They contribute to 50 percent of the country’s exports. SMEs in India also employ 40% of India’s workforce. Therefore, SMEs are …
To cut right to the chase before we get into the nuances of our subject, a digital current account, also known as an online business account, is a type of current account that allows businesses to manage their finances digitally. …
Businesses need a current account to carry out their day-to-day transactions with ease. One of the biggest advantages of an online current account is that it usually does not put a cap on the number of transactions processed per day. …
Before we dive into how to improve your CIBIL score, let’s briefly explore why CIBIL scores even exist in the first place. A CIBIL score is essentially a credit report – the record of a business’s financial health. It helps …
What’s better than starting your own business, right?
Before you can run a business, however, you need to take care of the basics. Opening a current account for your business is one of them.
Unlike a savings account that is …
Finance Minister Nirmala Sitharaman tabled the Union Budget 2023-2024. Like previous Union Budgets, this fiscal year focuses on Inclusive Development (financial inclusion of small Businesses and support ease of doing business), promoting Public-Private Partnerships, Skilling (teaching-upskill), and setting off medium …
