Paytm Compliance Fiasco: RBI Notice, Financial Issues, and Tips for Businesses
In the past week, a lot has been written about the Paytm-RBI issue, and the virtual bank’s compliance challenges. Since there’s a lot of noise around this case, we are here to break it down. On January 31st, the Reserve Bank of India ordered Paytm Payments Banks, a restricted bank and subsidiary of Paytm to […]
Financial Year-End Checklist to Close Books Right in 2024
As the Financial Year 2023-24 is about to end, it calls for certain checkpoints that each business shall ensure before they close their books. We have listed below points to ensure accountants and management are on top of the year end checklist and the same have been listed below for your perusal. In this blog, […]
Outsourced Restaurant Accounting: Benefits, Hiring Tips, and More
Success of a restaurant hinges on more than just the quality of the food and service. The tracking of revenue, expenses, payroll, taxes, and endless accounting paperwork becomes a daunting task for restaurant managers while simultaneously striving to provide an exceptional dining experience. This is where Finsmart’s outsourced accounting services can prove to be a […]
How to Analyse Income Statement: Tips and Recommendations
In the intricate world of finance, mastering the art of interpreting financial statements is a crucial skill for investors, analysts, and business leaders alike. Among the trio of financial statements (including the balance sheet and cash flow statement), the income statement is a dynamic snapshot of a company’s performance over a specific period. Analyzing this […]
Ethics in Finance and Accounting: Insights for Young CAs and Accountants
In the dynamic world of finance and accounting, ethics play a pivotal role in shaping how professionals conduct themselves. Especially for young accountants stepping into the realm of books, understanding the significance of ethical conduct is paramount. Not only it safeguards their reputation but it also establishes a strong foundation for their long-term success in […]
Role of Financial Analysis in Decision-Making for Small Businesses & Startups in India
Financial analysis plays a pivotal role in the success and growth of small businesses and startups. It enables these entities to make informed decisions, evaluate performance, manage risks, and plan for the future. However, conducting comprehensive financial analysis internally can be challenging for small businesses and startups due to limited resources and expertise. In such […]
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 […]