Recording financial statements is crucial for every company to gauge its financial performance. The Indian government and regulatory institutions monitor financial performance to ensure fair trade, financial activities, and compensation. Financial activities are recorded on multiple key financial statements which are used for review. Let’s quickly dive into the topic. What is Financial Reporting? The… Continue reading Top 5 Benefits of Financial Reporting for Businesses
Overcoming Freelancers’ Challenges with the Billing Software
There are over 15 million freelancers in India, which is set to increase exponentially in the coming years. A recent study found that 58% of freelancers have experienced the situation of not getting payments for their work delivered. And they have to spend a lot of time following up with clients to get the payment.… Continue reading Overcoming Freelancers’ Challenges with the Billing Software
9 Steps to Customize Billing Software for Different Industries
Seamless customer experience is the key to holding your customers with your brand. You cannot lose them at any point of their buying journey. Starting from the time they visit your store to their checkout, you need to ensure seamless integration and service satisfaction. Customer satisfaction and trust are essential for the growth of your… Continue reading 9 Steps to Customize Billing Software for Different Industries
Understanding HSN Codes in GST
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 2025
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 2025
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!