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 […]
Tally vs. Zoho: Which Accounting Software Wins 2023 in India
‘Tally vs Zoho’ is a never-ending debate that has been baffling entrepreneurs looking for the right accounting software in India. Both accounting software are accepted across the Indian subcontinent for streamlining finance, managing budgets, handling cash flows, and supporting many other accounting activities. However, both have their quirks and it is really important to know […]
Choosing the Best Outsourced CFO Services: 7 Tips for Perfect Hiring
CFOs play a critical role in keeping the financial operations in order and drafting a strategy that guarantees ace financial health of the organization. However, not every organization has the financial or talent bandwidth to hire an in-house CFO. That’s why outsourced CFO services have a growing global demand. Hiring an outsourced CFO however is […]
7 Effective Cash Flow Management Strategies for 2022-23
Be it a small business or an MNC, cash flow management is the lifeblood of the organization. Ensuring proper cash flow through modern strategies is the key to positive financial health. Sadly, a lot of business owners and even young accounting experts struggle with smart cash flow management. In this blog, Finsmart will share effective […]
Ministry of Corporate Affairs ( MCA ) has now allowed all matters of board to be approved through Virtual Meeting wef 15th June 2021 – Finsmart
With this amendment some board matters which were restricted to pass through physical board meeting only, can now be dealt with in a Virtual Board Meeting However one should keep following points in mind while conducting Virtual Board Meeting: Virtual Board Meeting can be held anytime with 7 days’ notice given to every director either […]
5 Key Advantages of Remote Accounting – Finsmart
While bookkeeping services are important, what’s more important for small to medium scale enterprises is to pay attention to the larger picture. Bookkeeping is a specialised task and in today’s world of remote working, remote bookkeeping professionals can be a boon for your business. If you are an owner of a small to medium enterprise, […]
7 Benefits of outsourcing accounting services for your business
Many start-ups and small SMEs don’t realize that they should focus on business development more than funding. Accounting plays a key role in business development. Accounting helps understand where your financial assets are going and how well it’s aligned to your business goals. Especially in today’s time, if you hand over your accounting to a […]
Do you know 2A reconciliation is must under GST regime? – Finsmart
What is 2A reconciliation under GST regime? Under the new Central Tax which is being issued by CBIC a few days back has made certain amendments in the CGST Rules. One of the important amendments in the Rules is to allow the credit to the recipient only in case the corresponding supplies have been reported […]
Great Accountant Leads to Great Business – Finsmart
One of the major causes of the downfall of any business is the poor financial management of the company. With the introduction of complex legislative changes to the tax structure, it is difficult for the entrepreneur/proprietor/owner of a company to understand its impact on his business. This is why collaborating with an outsourced accounting service […]
Our strength, Your Business – Finsmart
Small business owners often think that they can reduce costs by taking the DIY approach for accounting and bookkeeping instead of utilizing the various accounting outsourcing services in India. This works well if you have the time and expertise to maintain accurate records. Otherwise, it will lead to penalties and extra efforts related to the […]