How can a free Chartered Accountant seat help in efficiently filling GST?

11. June 2021By amitmundraAccounting Software, Imprezz

Cloud accounting software is the best investment to scale your business. You can easily collaborate with your Chartered accountant and team members for GST filing and other financial decisions.   With the advancement of technology, more and more firms are looking to embrace cloud networks for their business activities. This software allows them to enhance their … Read More

43rd GST Council Meeting: Relief for Taxpayers and More

9. June 2021By amitmundraNews

The GST council met after six months for the 43rd council meeting on 28th May 2021. Finance Minister Smt Nirmala Sitharaman chaired it. The Union Minister of State for Finance and Corporate Affairs – Shri Anurag Thakur, the Finance Ministers of the states and UTs and other senior officers of the Ministry of Finance and … Read More

GST shortfall may force government to borrow $22 billion

2. June 2021By amitmundraNews

Due to the Goods and Service Tax (GST) shortfall, the government of India may need to borrow more for the second year straight. This government will use this amount in compensating the states for their revenue loss during the shortfall.  The requirement in the amount to be borrowed is estimated to be Rs. 1.58 lakh … Read More

Importance of Team Collaboration feature

31. May 2021By amitmundraAccounting Software, Briefly explained

Money is the most crucial aspect of a business, and accounting is the art of managing this aspect. The sphere of accounting has evolved over the decades. Now, especially with technology taking over, the revolution has been tremendous.  Businesses have started adapting to the technology of the future – cloud-based software. With cloud-based software, all … Read More

Why and How to Prepare a General Ledger?

31. May 2021By amitmundraAccounting Software

Accounting is the measurement, processing and communication of financial and non-financial transaction of business entities. Some also refer to it as the science and art of tracking monetary events. This measurement, processing and communication require numerous financial statements to be prepared from time to time for various purposes. It starts with preparing journal entries for … Read More

‘Accounting for E-Commerce entities’: ICAI issues guidance note

27. May 2021By amitmundraNews

Clearing the air, the Institute of Chartered Accountants of India (ICAI) has issued a guidance note for e-commerce businesses named ‘Accounting for E-Commerce entities’ over recognising the expenses and revenues in the financial statements.  E-commerce is simply buying and selling goods and services over the internet. The industry is taking over; stats suggest that in … Read More

Inventory Management Software: Advanced Features

23. May 2021By amitmundraImprezz, Inventory Management

Inventory Management Software is the heart of a business, and its importance can never be undermined. Imprezz Inventory management uses advanced inventory management features to ensure seamless functioning of the supply chain through effective communication and clarity in analysing each and every step.  WHAT IS AN INVENTORY MANAGEMENT SYSTEM? An Inventory Management system helps a … Read More