Accounting and Bookkeeping

ROC Due Date Extended for AGM of FY 2020-21

ROC Due Date Extended for AGM of FY 2020-21

A massive relief for companies as ROC due date extended for AGM of FY 2020-21. This latest MCA announcement comes in response to requests made by several companies and other stakeholders. The companies across the nation were requesting an extension of time for the conduct of the FY21 AGM due to covid. Furthermore, The representations … Read more

Relaxation in Accounting Rules for Small and Medium Companies in India

Relaxation in Accounting Rules for Small and Medium Companies in India

A major update as there is now Relaxation in Accounting Rules for Small and Medium Companies in India.  This was done to support the idea of making it easy to do business in India. The goal is to cut down on the amount of paperwork and time it takes to generate financial statements. As a … Read more

The future of Digital Accounting in India

The future of Digital Accounting in India

The future of Digital Accounting is very bright in India. As we all know, Every business is shifting to an online marketplace. Similarly, Accounting is also rapidly available now digitally. Experts estimate that the future of digital accounting is increasing at a significant percentage of 8.6%. Therefore, In this article, we will read about digital … Read more

AI Bookkeeping and Accounting Service: The future of Accounting for Business

AI Bookkeeping and Accounting Service The future of accounting for business

With time, the methodology of a business changed a lot because the traditional process consumed more time and effort and that resulted in the fall of productivity. But in the digital world, everything is moving very fastly and AI made the process even simpler in the business. As per the business report, many giant companies are … Read more

Top Reason why you Outsource Bookkeeping and Accounting Service

Reason why you should outsource Your Bookkeeping and Accounting Service

There are multiple reasons why business owners consider outsourcing bookkeeping and accounting services. Outsource Your Bookkeeping and accounting service were only affordable to large companies. But with the help of technology, things have changed now. Outsourcing your accounting and bookkeeping jobs has advantages that go beyond cost savings. Therefore, in this article, we will read … Read more

National Financial Reporting Authority (NFRA) – Composition, Role and Powers

National Financial Reporting Authority (NFRA) – Composition, Role and Powers

The National Financial Reporting Authority (NFRA) was established on 1st October 2018 by the Government of India under the Companies Act, 2013. The Ministry of Corporate Affairs under the Government of India administers NFRA to regulate the auditing standards in the country. Composition of the Authority (NFRA) NFRA should be composed of one Chairperson, three … Read more

Cabinet clears India-Qatar deal on the Accounting Profession

Cabinet clears India-Qatar deal on the Accounting Profession

The Cabinet approves MoU between ICAI and QFCA. Consequently, It will now have a positive impact on the economies of both countries. Therefore, to start availing the benefits, the business in India should hire experts for Bookkeeping and Accounting Services. In this article, we will read about the news of Cabinet clears India-Qatar deal on … Read more

Impact of GST on Accounting & Financial Statements

The Goods and Services tax (GST) has been specified as one of most important tax reforms post-independence. It is a tax trigger, which will lead to business transformation for all important industries. In this article, we will discuss on Impact of GST on Accounting & Financial Statements. Impact of GST on Accounting There will be … Read more

Comprehensive Information and Importance of Management Accounting

Comprehensive Information and Importance of Management Accounting

Earlier, there was a myth that large businesses use the Management Accounting method to boost revenue by tracing the financial information. At present, many small and large companies are using Management Accounting. If you run a business, then you must be aware of the importance of Management Accounting to regulate your business effectively. Management Accounting … Read more

Reasons Why People Get Bookkeeping Services Online

Reasons Why People Get Bookkeeping Services Online

In simple words, bookkeeping records financial transactions relating to sales, purchases, payments, and receipts. The transactions can either belong to an individual or an organization. Bookkeeping is just one aspect of accounting services. In this article, we will discuss Reasons Why People Get Bookkeeping Services Online On the other hand, accounting services are much more … Read more