Tax collected at source – Introduction TCS or tax collected at source is the levy that a seller pays that he bills from a buyer during the sale. This tax reaches the Government treasury on the money receipt from that buyer. The seller must accumulate & deposit TCS according to rates mentioned therein for goods…
The quest for an efficacious GST processing system finally came to an end with the introduction of E-invoicing. It means users can generate e-invoices only after the attainment of an IRN or Invoice Reference Number. They need to upload particular particulars in the FORM GST INV-01 on the advised Invoice Registration Portals. The generation of…
Accounting Software: When companies start out newly, they often feel pleased to use basic accounting software programs such as QuickBooks or sometimes even MS Excel. It may come to you as a surprise but there are a number of companies that are doing just fine using basic accounting software programs. However, this only lasts for…
Cloud v/s on-premise ERP is the most cliched point of conflict when a business owner wants to choose an ERP manager. The market of ERP is bombarded with multiple choices and therefore, to make a choice between cloud and on-premise, ERP is indeed a tough one. Every business is different and so are their needs…
Gone are the days when procurement procedure and managing the suppliers were primarily restricted to a purchase system. In recent times, as the global economy has changed, procurement is now a deeper process. Having a robust procurement management system helps a company in many ways. Streamlining the source-to-settle process is otherwise an onerous task. Automating…
Traditional businesses are often late to implement technologies that are useful and effective. They are also known by the term “legacy businesses”. They are often resistant to change and do not take to technological advancement very well. Across the world, these businesses are often late to implement technologies that can catapult them to success. As…
Managing inventory is one of the biggest problems that organizations face today. With more businesses selling online, the need to keep stock replenished as and when necessary is paramount. There are several challenges that affect organizations when it comes to managing their inventory. Firstly, they may not be aware of their inventory. Second, inefficient processes…
Facility management services are those business services that play a crucial role in organizations in the new economic age. Today with continually changing consumer demands and market challenges, facility management is improving and evolving over time. Given the advancement of technology, this range of services has plenty of scopes to expand and enhance, as well….