Goods and Services Tax (GST) is a comprehensive tax system that has revolutionized the Indian tax system since its implementation in July 2017. The GST replaced the earlier system of multiple indirect taxes like excise duty, service tax, VAT, etc., and aimed to create a uniform tax system across the country. The GST is a […]
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Financial accounting is a fundamental aspect of any business, regardless of size or industry. It provides a framework for the recording, summarizing, and reporting of financial transactions, which are essential for decision-making, performance evaluation, and regulatory compliance. In this blog post, we will explore what financial accounting is, in simple language, under the following headings:
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What do you understand by Accounting? The word accounting can be described as the process of analyzing and summarizing the data. Accounting also comprises of auditing and also maintaining the transactions using various accounting techniques and softwares. Although, we don’t notice much but no wonder accounting is a part of our day to day life.
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Accounting is the process by which your company keeps track of, organizes, and interprets its financial data. Thus, it can be thought of as a large machine into which you feed raw financial data and it spits out an easy-to-understand tale about your company’s financial health. Accounting shows you if you’re making a profit, how
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Introduction to QuickBooks Developed & designed by the Leading financial software developer Intuit, QuickBooks (QB) is a set of accounting software solutions businesses use to manage their payroll, inventory, and sales & keep track of the financial health of their firms. The software comes with a number of solutions that work well for anyone, from
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What is Accounting Accounting is the process of identifying, recording, classifying, and reporting information on financial transactions in a systematic manner for the purpose of providing financial information for decision making. Accounting Concepts and Conventions Basically, Accounting (Take a Short Course on Accounting) is a finance support system that Records Transactions Classifies Transactions and events
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Online Financial accounting Courses have never been out of fashion. Every other day millions of companies are entering the market. Each of these companies requires its funds to be utilized in a proper and effective way. Keeping track of every expense and revenue is not an easy task! Online financial accounting courses will help you
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Does the idea of learning QuickBooks feel overwhelming to you? You’re not alone. We know that learning QuickBooks can be a struggle. It takes time, and mistakes cost you money. And besides, you’re busy running the business and doing your job. We have the solution! Invest 2 short days to become confident. Just imagine…you’ll leave
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