What is e-Way Bill? eWay Bill Registration? Before we explain, What is eWay Bill /ewaybill? How a GST e-Way helps business owners? Let’s check the latest update from the GST Council. Recently Government of India updated the latest rules on the eWay bills with few additional things. Highlights: What is an E-Way Bill? GST e way […]
GST Registration Online The GST (Goods and Service Tax) Bill was approved by Government of India and it replaced all State or Central government-imposed taxes. At this process, Govt of India (GOI) has made it a simple process for GST Registration in online mode and reduced the government officials problems. Govt of India is trying […]
What is Bookkeeping? Importance of Bookkeeping activities. What is Bookkeeping? What is bookkeeping? How it is important in the business segment? Bookkeeping is an important task of keeping Financial records and it’s transactions. It is the essential part of Accounting in all the business operations. It is such an important activity that decides your business […]
What is ERP Integration? What is ERP Integration and how it helps business?– The ERP system integrates with varied organisational systems and facilitates error-free transactions and production, thereby enhancing the organisation’s efficiency. As the Business grows Business Owners move into Online to Offline business model. This is due to competition, large value to their customers or […]
Why Cloud ERP Solutions is important for Business? Now a days every business owners are aware of free software solutions and its probable business solutions. They use Gmail, Facebook, WhatsApp etc. and they don’t know its on CLOUD and but they see the benefits. Many are looking for Cloud ERP Solutions for their Small Business. Some […]
How SMEs can take advantage of input Tax credit which they couldn’t take earlier? Let’s start with an example on how to take an Input Tax Credit. Suppose RAVI paid Rs 100,000 to purchase an item and he paid Rs 10,000 as a tax (Purchase tax 10%). Now he has to include the same in his […]
5 Important smart plans for SME Business Owner’s Success. SME Business Plan – Worldwide, SMEs are the basic businesses that help and contribute towards GDP and Employment. This could range from 40% to 80%. At India, SME contributes around 40% of GDP, which is great one. Ironically, many SMEs start and close soon before it […]
What is Value Added Tax or VAT? Value Added Tax (VAT) is a Sales Tax collected by the Government of the state where the goods or services is bought by the consumer. It is a tax on the final consumption of goods or services which is borne by the end user or the consumer. VAT […]
What is Cash Flow? Cash flow is one of the most essential part of one’s business – It is the money, which comes in & goes out from the business sources, in simple words, generation of income and the payment of expenses. Cashflow helps business owners to understand the overall financial health of the business […]
Why Bookkeeping is Important for Small Business. Book keeping or Bookkeeping is an important activity of keeping Financial and business records, involving and retrieving of financial transactions. It is an essential part of accounting in all the businesses operations, whether is small medium or large business enterprises. It is such an important activity which decides your business […]