What’s the difference between Accounting and Finance?
What’s the difference between Accounting and Finance?

As you grow your business you will need advisor for your money management. The question here is, should you hire an accountant or a financial consultant here? It’s very important to understand that accounts and finance both are forms of money management. While finance deals with your investments, mutual funds, stock investments etc, accounts deals with your taxes, receivables, payables,…

Read more

8 Benefits of Outsourced Accounting
8 Benefits of Outsourced Accounting

Outsourced accounting services have become a great option for small as well as the large companies these days, but are they really great? Here are eight reasons why you should consider using outsourced accounting services for your business. #1  Prebuilt Process Outsourced accounting services means you are buying efficient services as long as the company you work with is an…

Read more

Which are different types of entities?
Which are different types of entities?

Starting new business can be exiting and at times scary. It is time to take big decisions that may have resonating impact on success of your organization and even the course of your life. Arming yourself with the information you get will help to ensure you make the correct decisions that will set your business up for success. Luckily for…

Read more

Depreciation of Assets
Depreciation of Assets

Do you love that new car smell? Who doesn’t? You reach all  exited to your  car dealer, have some “Pooja”, take your car keys and drive it off the parking lot of the dealership with a big whiff of that lovely new car aroma! Bang! No, you didn’t meet with an accident but value of your car just fell by…

Read more

FIFO vs LIFO inventory systems
FIFO vs LIFO inventory systems

A big part of accounting revolves around the wonderful world of tax compliances and regulatory bodies that work in conjunction with the accounting aspect of tabulating business performance and tracking the flow of money throughout the company. Stock valuation or stock accounting deals with valuation of company’s inventory, which can vary due to not only not only how many products…

Read more

Is accounting really that important?
Is accounting really that important?

Accounting is the process of keeping records of the financial transactions which got completed and updating the same from time to time. Accounting gives you reports like how much money is invested in your business, how much your business owes and shall receive, how much your business is earning and so on. You will be lost without Accounting Accounting tracks…

Read more