Since 1986, India has been using HSN, or Harmonic System of Nomenclature, to classify commodities for Customs and Central Excise. After the implementation of GST, the Ministry of Finance has mandated the furnishing of an HSN code in invoices if your business’s annual turnover exceeds 1.5 Cr; since the use of HSN code is widespread… Continue reading Understanding HSN Codes in GST
5 Cost-efficient Accounting Software for Startups in India
Indian startups cater to multiple departments single-handedly. Did you know accounting software can help you save money and time? Most small-scale industries don’t consider accounting their priority, as they prioritize core tasks in the queue. However, accounting has become a priority for all small and big businesses as it integrates transparency and efficiency into the… Continue reading 5 Cost-efficient Accounting Software for Startups in India
Guide to Using Online GST Calculator for Accurate GST Estimates
Businesses often need to calculate their tax liability on their products or services for invoicing, budgeting, or other purposes. Doing math on a conventional calculator can be complicated and time-consuming. Thus, they need an online GST calculator to calculate their tax liability accurately. In this blog, we will learn how to use an online GST… Continue reading Guide to Using Online GST Calculator for Accurate GST Estimates
Must-Have Tool: Online Barcode Generator for Businesses
Barcodes have become an indispensable part of the modern world. From payment transactions to businesses, it is making our lives easier than ever before. Businesses are now implementing barcode technology to avoid inventory management and shipment inaccuracies. To implement the same in your business, you need to know about different types of barcode generators and… Continue reading Must-Have Tool: Online Barcode Generator for Businesses
Top 5 Accounting Software for Ecommerce in 2024
Cloud-based eCommerce accounting is stealing the spotlight in the online business world. Whether you are a beginner or your store is flourishing, accounting software for eCommerce is essential for your financial success. We have collected a list of e-commerce accounting software; let’s scroll down. Add These 5 Accounting Software For Ecommerce to Your Wishlist and… Continue reading Top 5 Accounting Software for Ecommerce in 2024
How to Use FD Rate Calculator to Compute FD Interest?
Did you know that in the financial year 2020, Indians held over 46 trillion rupees in bank fixed deposits? The data is sufficient to suggest that FD is the most preferred means of investment in India as it is risk-free and assures satisfactory returns. In this blog, we will explore the nitty-gritty of fixed deposits… Continue reading How to Use FD Rate Calculator to Compute FD Interest?
Sales Invoice: Basics and Beyond for Businesses!
A sales invoice is an official record of sale and is crucial for business transactions. It details the goods and services sold, including price, quantity, and terms of sale. Let’s scroll down to understand the topic in detail. What is Sales Invoice and Its Importance? A sales invoice refers to a document that helps customers… Continue reading Sales Invoice: Basics and Beyond for Businesses!
Free GST Accounting Software: Exploring Innovation
According to a survey, 96% of clients need business advice from their accountants or expect to in the future, as regulations are becoming stringent and business competition is also set to increase. At a moment like this, accountants need new technology and tools to cater to their clients. In this blog, we will discuss technological… Continue reading Free GST Accounting Software: Exploring Innovation
How GST Filing Software is Transforming Retail Industry Compliance
The inception of the GST filing software has brought incredible transformations in traditional accounting and taxation. It has also revolutionized retail compliance by mapping the complexities of filing returns to automation. It has navigated the challenges associated with GST regulations to accurate tax calculations and simplified return filing. This software suits businesses of all sizes… Continue reading How GST Filing Software is Transforming Retail Industry Compliance
How to Dominate E-com Business with Accounting Software
Imagine being part of an industry that’s estimated to be valued at 350 Billion USD by 2030, with 500 to 600 million online shoppers. This is the e-commerce industry, the second-largest industry in the world, and it’s set to boom in India. In such a dynamic and competitive environment, the right tools can make all… Continue reading How to Dominate E-com Business with Accounting Software