by Groflex | Feb 6, 2023 | Briefly explained
As a business owner or financial analyst, understanding the difference between a balance sheet and an income statement is crucial in making informed decisions about the financial health of a company. These two financial statements provide different, but complementary,...
by Groflex | Feb 6, 2023 | How to
Creating a cash flow statement for your small business is crucial for understanding the financial health of your company. A cash flow statement tracks the movement of cash in and out of your business, including all cash transactions and investments. By regularly...
by Groflex | Feb 3, 2023 | Briefly explained
As a small business owner, you try to streamline your business finances from the start. It is necessary to generate and send effective online invoices to the customers and also create a payment reminder if your invoices are not paid on time. Once you create an online...
by Groflex | Feb 3, 2023 | Briefly explained
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...
by Groflex | Feb 3, 2023 | Briefly explained
The industry has requested the government for more handholding to clear tax-related confusion and GST filing. A tax compliance deadline extension has also been requested. WHAT ARE THE REQUESTS? The finance ministry has been approached by the industries to...
