-
How to Migrate Tally on Cloud with Biz Analyst
The introduction of cloud services has prompted businesses to focus their IT budgets on business demands rather than infrastructure expenditures. While attempting to keep up with emerging global trends over the last few years, organizations have become more comfortable and confident in migrating their critical data and computing workloads to the cloud. We all know…
-
Tax Saving Tips for Traders and Investors in Stock & Mutual Funds
Tax saving is the word that everyone loves – Government Excluded! The reason for this is straightforward. Government levies tax on practically anything and everything possible. In 2018, India became the only country in the world to tax both long-term capital gain and short-term capital gain. If you are confused with the big words, stick…
-
How to Record Sales & Purchase Entry in Tally with GST
Sale and purchase are the most common entries in accounting. Recording transactions accurately is essential because most government regulations, taxation compliances, and accounting standards are based on business sales and purchase volume. For example, businesses are liable for Tax Audit under section 44AB when sales receipt is more than one crore in a financial year.…
-
How to Manage Accounting for Small Business: The Complete Checklist
Accounting is the soul of any successful business, whether a one-person company or Google. An accurate and well-managed accounting operation could be the difference between the success and downfall of a company. Accounting helps businesses keep track of payables, receivables, inventory, and so on, helping business owners make informed decisions. If you are finding the…
-
When & How to Use Tally Shortcut Keys List
Tally is India’s most popular accounting software due to its simplicity. Accountants prefer Tally over other software because of its user-friendly interface, quick navigation, and easy data entry. These tally shortcut keys play a critical role in the user-friendliness of the software. When to Use Tally Shortcut Keys? Tally Prime shortcut keys are those combinations…
-
How to Get Tax Exemption in India for Startups?
India is home to the third largest startup ecosystem in the world, with over 60 unicorn startups functioning currently. One of the major reasons behind the exponential growth of startups in recent years is government support. With startups emerging as drivers of economic growth, the Indian government launched Startup India initiative in 2016 to boost…
-
How AlignBooks Is Transforming SMBs with B2B App
In the wake of restrictions due to the Covid-19 pandemic, businesses worldwide were compelled to restructure their business model and move to online platforms. According to a survey in HP Asia SMB (small and medium business) Report 2020, three-quarters of Indian businesses believed digital adoption is essential to their success. The impact can now be…
-
How to Create Ledger in Tally ERP 9 (Tally Prime)
Maintaining financial records accurately is crucial to running a successful business. Manual accounting processes are time consuming, prone to errors, and do not provide enough visibility to make smart decisions. So, businesses use accounting software to record and report their financial transactions with much more accuracy and security. The reports generated by accounting software can…
-
How to Overcome the Biggest Accounting Challenges
It is crucial for any business to track their income and expenses. Accounting is the process of organizing and analyzing financial transactions for better decision making. If you make any mistake, it can cause monetary loss, create problems in your relationships with vendors, and obstruct your business growth. Knowing the common accounting management challenges and…
-
How Will Accounting Software Help Increase Productivity
Bookkeeping is not a new phenomenon, and record-keeping has existed for centuries. However, from maintaining accounts in writing to automating accounting processes with software, times have changed significantly. Accounting and recordkeeping are not the new phenomena, these have existed for centuries. However, from maintaining accounts in writing to automating financial management processes with the help…