Investor Magnet: How Financial Reporting Benefits Indian Startups
Startups in India have witnessed a remarkable surge in recent years, fueled by a supportive ecosystem, technological advancements, and an entrepreneurial spirit.However, one of the critical challenges faced by these start-ups is attracting investors to fuel their growth and expansion plans. In this regard, financial reporting plays a crucial role in instilling confidence and transparency […]
Tax Relief for Indian Startups and Small Businesses: Unlock Success by Outsourcing Tax Preparation and Filing!
Tax compliance is a critical aspect of running a business, and for Indian start-ups and small businesses, it can be particularly challenging due to limited resources and expertise. However, there is a solution that can provide significant relief and unlock success: outsourcing tax preparation and filing. In this article, Finsmart Accounting – trusted across India […]
Accounting for Inventory: A Guide for Small and Medium Businesses in India
Inventory is a critical component of many small businesses in India. Whether you are a retailer, manufacturer, or distributor, inventory is likely to be one of your most significant assets. As such, accounting for inventory is a crucial aspect of financial management for small businesses in India. According to a report by the Federation of […]
The Impact of GST on Indian Businesses and How Outsourcing Can Help
The introduction of the Goods and Services Tax (GST) in India was a landmark moment for the country’s economy. The GST replaced a complex system of indirect taxes that were levied by the central and state governments, and aimed to streamline and simplify the taxation process. The Goods and Services Tax (GST) is a unified […]
Payroll Processing for Indian Startups: Everything Covered
Payroll processing is an important task for startups in India to ensure that employees are paid accurately and on time, while also complying with relevant laws and regulations. But managing payroll on your own is not an easy task. That’s why many startups have started outsourcing payroll processing In this guide, Finsmart Accounting – trusted […]
Smart Financial Record Keeping: The Finsmart Approach + Tips
Entrepreneurs need to take care of a multitude of functions to ensure a smooth operation of a business. Operations management, marketing, sales, and human resources are commonly talked about. As per Rumki Majumdar 90% startups fail in 1st 5 years, 45-50% die before seed funding, hence financial record keeping is equally critical and shouldn’t be […]
Statutory Compliances in Payroll: How Finsmart Can Help
Most businesses in India have to comply with industry standards, laws, and regulations set by the government. Payroll statutory compliances are definitely one of the most important ones. For those who don’t know, they represent legal frameworks within which a company must comport itself not just to protect rights but also for better treatment of […]
FaaS Accounting: Meaning, Difference, Benefits, and More
Many startups across the globe are adopting FaaS accounting to manage working capital, make accurate forecasts, and reduce operating costs. But needless to say that there are some entrepreneurs who have limited know-how about this dynamic delivery model of accounting. In this blog, Finsmart Accounting – trusted by CPAs for outsourcing to India – will share everything […]
Key Accounting Compliances Every Startup in India Should Be Aware of
Ensuring accurate financial reporting and adhering to key accounting compliances are important for startups and growing businesses in India. Just like delivering excellent customer service generates repeat business and enhances reputation, adhering to local accounting laws and regulations guarantees that your business runs smoothly and stays legally protected. A lot of young entrepreneurs in India […]
Managing Payroll for Small and Mid-sized Business: 7 Tips to Consider
Managing the payroll correctly is really crucial for small and mid-sized businesses to keep the employees happy and productive. While benefits of self-managing payroll are galore, it’s a time-consuming function for business owners with a lot on their plate. Monthly payroll processing, calculation of payroll statutory dues, preparation and distribution of employee pay slips and […]