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 food of a mess …
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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 arises when you need …
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Every one of us must have surely visited a restaurant and have never received an A4 size invoice/bill ever. Rather at most places we get Thermal bills be it a fine dine, self-serve buffet or take away. Restaurant is just one such example, majorly all automated invoicing retail stores have the same thermal billing process …
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Since the enforcement of E-invoicing in October 2021, many changes occurred in the E-invoice generation process. Initially, it was made mandatory for businesses registered under GST with an aggregate annual turnover of more than Rs.500 crores, which was then reduced to Rs.100 crores in January 2021, Rs.50 crores in April 2021, Rs.20 crores in April …
Tax Deducted at Source (TDS) was developed by the Indian Income Tax Department to collect tax from all sources of income. It is the amount deducted from a person’s income and remitted to the Central Government by an authorized deductor. It is an advance tax and is totally a deductor’s (the one paying an income …
Be it an expected forthcoming expense or expected liability or depreciation of asset or doubtful debts or any such expected or forecasted hit (through business analysis) on your company’s pocket, it needs to be addressed and provided against your current profits in order to be rest assured and hassle-free running of your company. You, as …
Traditional accounting is a thing of the past. Businesses are getting smarter by taking on the cloud and ditching almost all the physical aspects that limit their potential. If the lockdown has taught us anything then it’s the simple fact that relying on office computers is no longer a feasible option. We need to make …
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Good work/product needs no certification when we talk about the intra business environment. But in a larger picture where we consider the complete external environment, certified products are valued more than the uncertified ones. Each and every product or service when manufactured/created as per certain standards of the market, the product turns more marketable and …
RealBooks gets ISO 9001:2015 & ISO/IEC 27001:2013 Certification Read More »
How well are you managing your bills? Bad debts are inevitable. Ensuring your customers pay their bills on time still remains a challenge. To help you keep track of which bills are still unpaid and for how long, a Bill Aging report is prepared. Simply put, bill aging helps you to analyze which clients are …
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From Blaise Pascal (inventor of first adding machine) to Charles Simonyi (inventor of Excel), there has always been a motivated initiative to shift the manual works to an automated process in order to make the individuals more productive by indulging into more productive works alongside assigning the works to automation devices or work with the …
Accounting Automation – The Future of Businesses Read More »
