Accounts Receivables: Definition, Examples, Process and Importance

Key highlights of 40th GST council meeting. Read the announcements by our finance minister on GST return late fee waiver, reduced interest rate further being extended on account of COVID-19 crisis.

Tally virtual user (TVU) is nothing but an instance of Tally.ERP 9 running or being accessed over a virtualised environment or through tools like Windows RDP, Windows thin Client, Cirtix etc.

Consolidated financial statements also known as CFS, presents the financial position and results of operations for a parent and one or more subsidiaries as if they were a single company.

Sales orders play a central role in making sure a sale is well-documented, properly conducted, and reflective of both the buyer and the seller is expecting.

Inventory reports help to run any business without interruption or breaking the bank and reduce the risk of running out of stock. Check the details of Inventory reports with example.

Due to MSME COVID-19 pandemic, consumers, MSMEs, self-employed workers and accountants are struggling to make ends meet. Here is the MSME guidance undertaken by government to get back the businesses o

A purchase order is a contract between the buyer and the seller and it gives specific information like product or services to be delivered, delivery date, and any other terms and conditions.

Accounts payable is any sum of money owed by a business to its suppliers shown as a liability on a company's balance sheet.

Advertising expense refers to cost incurred in promoting a business in newspapers, magazines television, radio etc. Check the classification of advertising expense with example.