Customer reconciliation is a crucial process for businesses to ensure accurate financial records and maintain strong customer relationships. However, several errors can occur during this process, leading to discrepancies between customer and company records. In this blog post, we will discuss four common errors found during customer reconciliation and provide insights on how to identify […]
Category: Accounting for Business
Why we should NOT pay Advance Tax!
Advance Tax is a system of paying income tax in phases before the end of a particular financial year for the income earned during that financial year. It is designed to ensure systematic and timely remittance of tax and not wait till the year-end. This helps the government and tax payers in collection and payment […]
Debtors Chasing
Debtors chasing is the process of following up with individuals or businesses who owe you money. It’s an important part of managing your finances and ensuring that you receive the payments that you’re owed. In this blog post, we’ll explore some tips for effective debtors chasing. As a business owner, one of your most significant […]
How To Find Best Accounting Firms in Kochi
Best Accounting Firms in Kochi Why Accounting is Important? Accounting is essential to run a business because it allows you to track revenue and expenses, ensure statutory compliance, and provide quantitative financial information to investors, management, and the government that can be used to make business decisions. Your records produce three important financial statements. The […]
Types of Accounting
Types of Accounting in practice provides a lot of services like income tax returns, Tax return, Tax preparation, Tax preparation work, Income tax filing, Online income tax return, Income tax return filing, File income tax return, Income tax online filing, e filing income tax, Income tax e filing, service tax return, Service tax registration, Service […]
Knowledge of Accounting for Business Owners – A Necessity or a Burden
Is Accounting so important for small or micro business units? Is it worth to spend on Accounts maintenance at this early stage? There is hardly anything happening to write up the Accounts. So let it be for now. These are few of the thoughts in questions that small business owners often run through. And it would be interesting to know that they may be right […]