38th GST Council Meeting: Updates and Highlights

The 38th GST Council meeting held on 18 December 2019, Wednesday was chaired by our Hon’ble Union FM Nirmala Sitharaman and conducted at New Delhi. A presentation was made to the 38thGST Council on the issue of revenue, GST rate structure and compensation needs of…

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How Automation of Sales and Purchase Register Has Helped Businesses

Sales and purchase are the two most important functions of any business. Transactions with these natures keep a company running and so they should be recorded accurately, timely and seamlessly. While most accounting software would provide this feature as it is a basic need that…

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Ratio Analysis: How it Helps Determine A Company’s Financial Health

Determining the financial health of your business depends on several aspects. One of them is ratio analysis which draws a clear comparison of line items in the financial statements of a business. Ratio analysis is a powerful tool for financial analysis. The report indicates the…

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Stock Summary Report & its Advantages

Stock analysis is extremely crucial for any business as stock play the role of a company’s heartbeat. From stock movement to reordering to stock ageing, various reports are involved in order to get the right information about your business’ inventory. It is only with these…

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How Re-order Level of Stock Helps Keep Your Company’s Financial Health Stable

Optimum stock is the key to manage inventory successfully. Overstocking will lead to blockage of cash and add up to certain risks such as price fluctuation, cost of managing excess stock, dead stock etc. This means that excessive stock may lead your business into losses….

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What is Physical Stock Voucher and Register and Its Benefits in Inventory Management?

Inventory and stock play a significant role in defining a business and its profitability, and it is a well-known fact. One of the most crucial features every business owner expects in an accounting software is for it to be able to track inventory accurately and…

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37th GST Council Meeting Updates

The GST Council, headed by Union Finance Minister Nirmala Sitharaman and comprising representatives of all States and Union Territories (UTs), had its 37th meeting in Goa in the backdrop of economic growth hitting a six-year low of 5% for the first quarter of the current…

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How Godown Summary Helps in Better Inventory Management

Inventory and stock management is the heartbeat of every business. Especially businesses who are players in the retail sector, need to diligently manage their stock position for the entire company as well as stock-in-hand at each location. While there are several inventory reports which give…

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Stock Query and Its Benefits For Better Inventory Management

Stocks play the role of a heartbeat in a business setup. Accurate tracking and movement of stocks help define the profitability structure which further aids in assessing the future growth of a company. One such critical report to help you make better inventory decision is…

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Payment Performance of Debtors and How It Helps Maintain Cash Flow

Understanding Debtor Management Debtors make an important position in the structure of current assets of your firm. Your debtors would earn credibility based on their credit score and payment performance which is evaluated based on the payments to your firm they have taken credit from….

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Filing Annual Return GSTR-9 using Annual Computation Report in Tally.ERP 9

For most of the business, if not all, this was going to be ‘All-hands on the deck’ moment. But it isn’t anymore. Why? First, the fast approaching deadline to file annual GST return is extended and the revised last date to file the annual return…

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Why Inventory Movement Analysis Plays a Crucial Role in Businesses?

What is movement analysis? Stock movement analysis is understanding and analysing carefully the inward and outward supply of stock in your business. Movement analysis report is used for comparative studies. They give an insight into the flow characteristics of the stock in an organization. It…

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