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Advances have always been a part of businesses since inception. Advance may be a security or a financial support against the order or for any other purpose. In case of layered or multiple taxes, the missing out or duplicacy of tax implication while booking transactions is a very common phenomenon of
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Human error can be avoided through human consciousness but can never be nullified with the same. Whereas accounting softwares like RealBooks have always moved ahead towards automating the areas which are prone to human error.  In the world of GST, there are way too many ledgers to handle and if Realbooks
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Experts are not the one who makes mistakes; experts are those who not only make mistakes but also find ways to correct them in order to get the final resultant accurate. Not all errors are traceable manually, since in the sea of accountancy even the sharks are lost finding prey/errors. For
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Manual bank entries for lakhs of your transaction are no less than the dinosaurs; both of them are extinct, one due to the advancement of time and other due to the advancement of technology. Bank Import via excel has been a great help to the accountants, but it has become the
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A Day Book is a book of original entry in which day to day transactions are recorded by accountants chronologically. Further, the transactions are transferred into a ledger and then summarized into a set of Financial Statements. For some, day book is a well but for many it’s a sea. Difficulty
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