by Groflex | Feb 1, 2023 | Accounting Software
Accounting is a comprehensive process of recording transactions. It portrays financial data that help readers draw conclusions and make business decisions. Accounting procedures are incorporated with standardized guidelines for disciplined execution. These guidelines...
by Groflex | Feb 1, 2023 | Briefly explained
GST invoice is tax compliance issued on the supply of goods or services by a taxable business or person registered under the GST policies of India. GST invoice format is a sequential arrangement of information; the standardized format is followed by suppliers while...
by Groflex | Feb 1, 2023 | Accounting Software
Many reforms have been made in the Goods and Services Tax (GST) return filing system. There is an addition of GST ANX-1 and GST ANX-2. A person who used to fill the forms before the reforms, i.e., GST RET 1/RET-2/RET-3, are now supplemented with GST ANX-1 and GST...
by Groflex | Feb 1, 2023 | How to
Traditional organizations still consider invoicing as a manual back-end operation. However, manually processing the invoice results in accounting risks. It includes: Late payments Time-consumption, Labor expenses Endless filing ...
by Groflex | Feb 1, 2023 | Briefly explained
According to the double-entry system of bookkeeping, each transaction affects two particular accounts. The process of accounting can be defined as the process of recording every financial transaction in the system. This process starts with creating a journal that is...
