Freelancers often manage many projects, multiple clients, deadlines, and finances. Effective financial management lies at the core of their business. Additionally, filing and maximizing GST returns requires a streamline process. Managing all these accounting and compliance processes alone is tedious. They need a cost-effective solution that assists them in managing their business seamlessly. This is… Continue reading How Do Accounting & GST Software Empower Freelancers to Manage Finances Efficiently
53rd GST Council Meeting Update: CBIC Issues 16 Circulars
The 53rd GST Council meeting commenced in New Delhi on 22nd June, 2024. The newly appointed minister of Union Finance and Corporate Affairs, Nirmala Sitharaman, chaired the meeting. This GST council meeting was held eight months after the 52nd meeting and was the 1st meeting post-2024 Lok Sabha elections. The meeting, with a primary goal… Continue reading 53rd GST Council Meeting Update: CBIC Issues 16 Circulars
GSTR-1A: Benefits, Format & Deadline
The Finance Minister of India chaired the 53rd GST Council Meeting on 22nd June 2024. In this significant meeting, the council jointly recommended reintroducing GSTR-1A, a crucial step to provide an opportunity to amend the details submitted or to declare additional details, if any, in GSTR-1 for the corresponding tax period. In this blog, we will… Continue reading GSTR-1A: Benefits, Format & Deadline
GST Reconciliation Software: A Detailed Guide to Importance of GST Reconciliation
GST reconciliation integrates accuracy and compliance into the system. It identifies discrepancies, errors, and mismatches in the invoices, tax credits, or liabilities. The GST reconciliation process helps to resolve the issues by reducing penalties. Let’s quickly scroll down to understand the importance of GST reconciliation and its solution in detail: What is GST Reconciliation? The… Continue reading GST Reconciliation Software: A Detailed Guide to Importance of GST Reconciliation
ITR Filing Last Date in 2024: What You Need to Know
Don’t Be Late! 2024 ITR Filing Deadlines Explained Avoid Penalties: Guide to ITR Filing Last Dates in 2024 In India, the revenue generated by the Government is classified into two categories: direct tax and indirect tax. Direct tax is tax levied on an individual’s income, which is one the significant sources of revenue for the… Continue reading ITR Filing Last Date in 2024: What You Need to Know
Munim: Barcode System for Inventory & Billing
In 1949, two engineering graduates from Drexel Institute of Technology (now Drexel University), Norman Joseph Woodland and Bernard Silver, invented the system of Barcode, taking inspiration from Morse code. From then on, there is a look back at the barcode system. From railroads and logistics to manufacturing, its applications are vast. Now, it is being… Continue reading Munim: Barcode System for Inventory & Billing
7 Key Benefits of Using Automated Billing Software
Streamlining cash flow becomes crucial for every business right, from retailers and eCommerce to enterprises and tech giants. Business owners strive hard to enhance cash flow and manage finances efficiently. Here, automated billing software comes into the picture. The online billing system allows you to generate invoices and handle massive data easily. It shares your… Continue reading 7 Key Benefits of Using Automated Billing Software
The Power of Reports in Finance Accounting Software
In today’s era, data is deemed new gold. Large enterprises and MNCs are leveraging data analytics tools to gain insights into marketing, sales, and especially financial management. As technology evolves daily, data analytics for financial management is becoming more manageable, and now, thanks to finance accounting software for small businesses, such facilities are accessible for… Continue reading The Power of Reports in Finance Accounting Software
An Ultimate Guide To MSME Business Registration
According to the Press Information Bureau (PIB), MSMEs contributed about 29% to India’s Gross Domestic Production (GDP) in the financial year 2022. However, we still need to utilize our potential more. Thus, to bring this potential to the surface, the government of India introduced MSME registration on the Udyam portal to provide various financial benefits. … Continue reading An Ultimate Guide To MSME Business Registration
Top Features to Consider While Choosing Your GST Filing Software
Many countries are leveraging GST filing software to streamline their compliance activities. Introducing a drastic change in the GST return filing process, the software has gained momentum across Indian industries. It is driving companies from traditional billing to digital invoicing, ensuring a smooth workflow. It digitizes the complete billing process and optimizes compliance for businesses. … Continue reading Top Features to Consider While Choosing Your GST Filing Software