Accounting

Accounting

Should You Open a Zero Balance Account?

In the quest for wallet-friendly banking solutions, individuals are always seeking ways to optimise their finances. As a result, the concept of zero-balance accounts, especially zero-balance savings accounts, has gained significant traction in India. These accounts are ideal for individuals seeking hassle-free banking with no minimum balance requirements. Let’s delve […]

Accounting

Building Financial Foundations – The Importance of Bookkeeping for Construction Companies

Construction businesses require a different approach to financial management than other companies. Due to the high-value contracts and long-term nature of many projects, accurate accounting is essential for these firms. For example, construction companies must track contract retainers, billing and invoicing cycles, and completion percentages based on their specific contracts. […]

Accounting

The Transition from Manual Fee Collection to Automated Systems

In the dynamic landscape of education, where innovation and efficiency have become imperative, the transition from manual fee collection to automated systems is a transformative journey that educational institutions worldwide are embarking upon. This shift isn’t merely about embracing technology; it’s a strategic decision with far-reaching benefits for schools, students, […]

Accounting

The Best Features of SSY Calculator and EPF Calculator

The systematic Investment Plan (SIP) Calculator and the Employees’ Provident Fund (EPF) Calculator are two financial tools that serve different purposes. They are designed to help individuals plan and manage their investments and savings effectively. Sukanya Samriddhi Yojana Calculator: The Sukanya Samriddhi Yojana (SSY) Calculator is a vital financial planning […]

payroll
Accounting

A Beginner’s Guide to Payroll Software Integrations

Whether you’re looking to reduce manual labor or make financial analysis easier, payroll software integrations can help. Employees joining your business must provide their bank account, tax status, and deduction information to get paid. This can take a lot of time to organize and manually input into your payroll system. […]

Accounting

Why Digital Banks Work Better for SMEs

A corporate bank account enables businesses to build a financial track record, which can be crucial for obtaining loans, credit facilities, or attracting potential investors. Moreover, having a bank account provides access to various banking services such as business loans, trade financing, foreign exchange, and cash management solutions, enabling businesses […]

Accounting

Best Practices for ASC 718 Expense Reporting

ASC 718 expense reporting is an important aspect of financial reporting for public companies that issue equity-based compensation. Investors and analysts must have timely access to accurate information on the fair value of stock-based compensation to make informed decisions about the state of a company’s finances. Companies must adhere to […]