Accounting

Step-by-Step Guide for India GSTR Filing

If the taxpayers are not involved in any business activity during the tax period they are required to file nil returns.So, it is essential to understand the GSTR filing process

7 min read Jul 20, 2020

What is a Balance Sheet? Explained under 3 minutes

Accounting

What is a Balance Sheet? Explained under 3 minutes

A Balance Sheet offers a snapshot of your company’s financial position at a moment in time. The Balance Sheet helps you answer the questions: - How much does your business own? - How much does your business owe? - How much was invested by your own fund, or shareholders funds?

2 min read Jul 19, 2020

What is Multi Step Income Statement | A Complete Guide

Accounting

What is Multi Step Income Statement | A Complete Guide

In this article, we explain in details the definition of the multi-step income statement with examples, and also explain the type of business that uses the multi-step approach.

8 min read Jul 19, 2020

What is the Single Step Income Statement & When to Use It?

Accounting

What is the Single Step Income Statement & When to Use It?

Explanation of the single-step income statement in greater details. Find out the accounting equation to compute the net profit using the single-step income statement and examples of single-step income statement.

3 min read Jul 19, 2020

What is GSTN?

The GSTN is a non-profit, non-government organization. It will manage the GST portal's entire IT system, which is the mother database for everything GST. The Government of India will use this portal to track every financial transaction.

3 min read Jul 17, 2020

What is GSTIN?

All business entities will need to Register under GST and obtain a unique 15-digit Goods and Service Tax Identification Number (GSTIN). It will replace the previously existing Tax Identification Number (TIN), allotted to businesses for registering under VAT.

3 min read Jul 17, 2020

Cloud-Based Accounting Software: 9 Reasons Your Business Needs It

For most small and medium enterprises, dealing with finances is the most challenging part of doing business. Doing accounting yourself…

5 min read Jul 16, 2020

What are the 4 main Financial Statements?

Accounting

What are the 4 main Financial Statements?

Financial Statements are important reports that show the financial condition of a company. They show you where the money is at, where it came from and where it went.

3 min read Jul 16, 2020

What is an Income Statement and Why Is It Important?

Accounting

What is an Income Statement and Why Is It Important?

Everything you need to know about the income statement - from the definition of what income statement to the reasons why businesses need to prepare an income statement.

2 min read Jul 16, 2020

Invoicing 101 - Process+ FREE Invoice Templates

Whether you are a freelancer or a small business owner, if you want to create great looking and professional invoices,…

18 min read Jul 8, 2020

Deskera Balance Sheet: A guide to understanding balance sheets

Accounting

Deskera Balance Sheet: A guide to understanding balance sheets

Balance sheet (also known as Statement of Financial Position) is one of the 3 important financial statements. Alongside with Income Statement and Cashflow Statement, it helps to reveal a company's overall financial health.

12 min read Jul 8, 2020

Doing Your Own Bookkeeping - Balancing The Books For Beginners, Startups And Entrepreneurs.

Accounting

Doing Your Own Bookkeeping - Balancing The Books For Beginners, Startups And Entrepreneurs.

Do you have your own business but are facing issues keeping track of day to day activities, accounting, balancing your…

5 min read Jul 8, 2020

Everything to Run Your Business

Everything to Run Your Business