Tally Solutions   Feb-12-2020
GST Returns GSTR-3B
Common Mistakes to Avoid in GST – Part 2

The company level configuration of GST makes compliance simple and hassle free.

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Tally Solutions   Feb-12-2020
Business forecasting Business Owners
What are the Key Reports a Business Owner Must Track and Which is the Best Tool for it?

While you may hire an accountant for end-to-end tasks that will keep your books of accounts updated.

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Tally Solutions   Feb-12-2020
Business Software MSME
5 Tips to Choose The Best Small Business Software Solutions for MSMEs

Business software solution greatly reduces the potential for human error that comes with accounting on paper, and it can allow you to access critical information with ease.

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Tally Solutions   Feb-12-2020
accounting Cash Discount
What is Cash Discount? Methods and Examples

While this looks obvious, business does offer a kind of discount which is not at the time of selling but at a later stage.

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Pratibha Devasenapathy   Feb-03-2020
Business Owners
Budget 2020- Key Highlights and Changes in FY ‘21

The Finance Bill 2020 (Budget 2020-21) proposes the following optional tax rates, promising "significant relief to taxpayers and more so to those in the middle class"

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Tally Solutions   Jan-24-2020
Bookkeeping
General ledger – Definition, format, process and example

After passing the entries in journal-register, the transactions are classified and grouped for preparation of accounts

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Tally Solutions   Jan-24-2020
Accounting Fundamentals
Cash Accounting – Definition, Terms, Statements and Example

The cash basis of accounting recognizes transactions and events only when cash (including cash equivalents) is received or paid by the entity

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Tally Solutions   Jan-16-2020
Accounting Fundamentals
Credit Memo – Definition, Format, Scenarios and Example

A credit memo is a commercial document issued by a supplier to the customer notifying the reduction of the amount that a customer owes to the seller.

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Yarab A   Jan-15-2020
e-Invoice
What is Invoice Reference Number (IRN) in GST? Format and How to Generate IRN?

IRN known as “Invoice Reference Number” is a unique invoice number generated by the Invoice Register Portal (IRP) on uploading the invoice electronically.

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Yarab A   Jan-15-2020
e-Invoice
What is e-Invoice in GST?

e-Invoice known as ‘Electronic invoicing’ is a system in which all B2B invoices are electronically uploaded and authenticated by the designated portal.

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Tally Solutions   Jan-15-2020
Cost Management
What is Capital Budgeting? Process, Calculations and Example

Capital budgeting is a process through which different projects are evaluated in terms of cost and benefits. It is the firm’s formal process for acquisition and investment of capital.

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