by Groflex | Jan 17, 2023 | Accounting Software, Briefly explained
Inventory is the lifeline of every business which helps in the smooth functioning of business and meeting the need of customers. The effective management of your inventory determines the success of your business. The importance of managing your inventory should be a...
by Groflex | Jan 16, 2023 | Accounting Software
The process of using internet technologies such as your smartphone or web browser to function in business accounting is called online accounting. The purpose of online accounting is to replace spreadsheets, manual accounting that is paper-based, and other traditional...
by Groflex | Jan 16, 2023 | Accounting Software
A Goods and Service Tax invoice is a commercial bill of sale issued by the sellers to recipients of products or services. According to section 31 of the CGST Act, it is mandatory to issue tax invoices for any goods or services supplied. The GST law has specified rules...
by Groflex | Jan 16, 2023 | Accounting Software, Briefly explained
Accounting is one of the most discussed topics in the world of business. Not only business owners, but even a regular employee is also familiar with accounting. They send bills and keep a record of profits, losses, and costs. Every business is involved in some form of...
by Groflex | Jan 15, 2023 | Accounting Software, Briefly explained
Do small business owners need a GST Id number, to run their business in India? As per the GST Act, if your financial turnover is above Rs 40 lakhs, then you need to register under GST. For northeastern states and hill states, the limit is ₨ 10 lakhs. A GST or The...
