Each industry in today’s business world operates with its own language; likewise, accounting is the primary language of finance and related businesses. It helps business owners understand the financial situation by transmitting the necessary financial data. It helps translate the fundamentals…
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Basic Fundamentals of Accounting
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A Comprehensive Guide – Best GST Invoicing Software
Over the past few years, the introduction of goods and service tax (GST) has revolutionized India’s taxation system. So far, it is considered as the most crucial tax calculation changes after independence. Scholars believe that India’s GST regime is more likely…
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8 Simple Ways to Improve Your Small Business in India
Building a successful small business in India begins with taking baby steps and dreaming big. Successful businesses are those that run-in profit. Which means everyone is eagerly looking for ways to improve business efficiency. Is increasing profits enough for small businesses…
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5 Reasons Why Groflex Integration with Tally Will Help GST Accounting
Integrating business data can be a tedious task for accountants and businesses. Amid the cut-throat competition, it is difficult for business owners to focus on compact details of GST accounting aspects. However, maintaining adequate financial reports, records and functionalities are vital…
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What is the right GST invoice format?
With the implementation of the new Goods and Services Tax (GST) in India, it is essential to make a few changes in the functioning of your business smoothly. Firstly, GST is an indirect tax that is levied on the supply of…
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Why GST Exemption on Goods is a Bad Idea?
Is GST exemption on goods a good idea? The ongoing economic crisis due to the COVID-19 pandemic has been extremely devastating. The government has announced various relief measures and relaxations to fight the Impact of GST on the Indian economy due…
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Why to Use an Invoice Generator Software?
An invoice generator software helps create invoices and credit notes under the standard format. It enables accountants and business owners to calculate the taxable amounts, keep track of all transactions, and interact with vendors/customers. Integrated bookkeeping software like Groflex rids businesses…
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Why Use Online Invoicing Software Instead of Excel?
Most small businesses and freelancers initially incline towards excel or word to accomplish accounting functions. Although it is believed to be professional, the traditional methods are outdated. The updated GST bill format demands businesses to use Online Invoicing software instead of…
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Write an estimate quotation – It’s that easy!
Nowadays writing an estimated quotation is very easy with advanced online financial software solutions. A written quotation or estimation required when a customer wants to make a purchase. Every online or offline business has to give its client a price list…
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Beginners Guide to Starting a Small Business in India – Small Business Ideas
Are you an aspirant planning to start a business of your own? Starting small is the key to significant expansion. However, it can be slightly hard to map out comprehensive strategies for a start-up. No worries! We are here to help…