Corporate governance has a very crucial role in ensuring transparency, accountability, and ethical operations in an organization. To enhance good governance practices and financial discipline, the Companies Act, 2013 brought on board several provisions that empower the independent oversight of the company operations. Among the most important of these is Section 177, concerned with the…
In the very competitive business environment of today, accounting is way beyond pushing some numbers around. It is the spine of financial transparency and decision strategy and long-term viability. The accounting system can assist businesses of all scopes, including startups facing the challenge of expanding onto the market and large corporations having to manage extensive…
With the current fast developing business environment, this professional accounting practice is no longer adequate to accommodate the increasing need in precision, performance and accessibility. Financial companies are increasingly opting in to cloud-based accounting services that offer quicker, safer and more efficient financial accounting services. Real-time accessibility, place-independence, cost-reduction through lack of heavy infrastructure and…
Accounting is the backbone of every business, ensuring transparency, efficiency, and compliance with laws such as the Companies Act, Income Tax Act, and GST in India. Beyond statutory needs, sound accounting practices support informed decision-making, cost control, and long-term sustainability. Choosing the right type of accounting—financial, cost, management, or tax—helps businesses optimize resources, drive growth,…
Bookkeeping is the engine that drives financial clarity in business. Whether you are running a start-up, a small enterprise, or a growing company, understanding the principles of bookkeeping is essential for accurate financial records and informed decision-making. These principles provide a standard framework that ensures consistency, accuracy, and transparency in managing accounts. Here are the 10…
Accounting is not an exception to the way that digital revolution is changing sectors today. Traditional accounting processes that once relied heavily on manual data entry, paperwork, and human verification are rapidly giving way to innovative technologies. Today, automation, artificial intelligence (AI), and cloud-based solutions are reshaping the operational landscape of modern accounting firms, making…
In today’s competitive business environment, managing finances efficiently is crucial for sustainable growth. Many businesses are turning to accounting outsourcing to reduce costs, improve accuracy, and access expert financial advice without maintaining a large in-house team. However, the success of this strategy depends largely on choosing the right outsourcing partner. Here’s a step-by-step guide to…
Modern cyber exploits grow increasingly complex so businesses within accounting and finance must regard digital security as their top priority. Financial data stands as one of the most important yet fragile assets thus serving as a main target for cybercriminals. eScan Total Security offers a vast range of security coverage that protects important financial information…
Executing advanced innovations into all angles of trade operations is referred to as “digital transformation.” This significantly influences the way firms convey esteem to partners and clients. Enormous information and bookkeeping programs are two examples of innovation utilized in the change to improve bookkeeping preparation. Manufactured insights innovation, computerized forms, and advanced analytics are gradually…
One of the significant transitions in accounting has been digital accounting replacing the traditional methods of accounting to handle financial records. This has benefitted many of the companies largely by streamlining their business through meticulous accounting processes, and reduction of errors. Financial data can be easily backed up and secured with no dependence on cumbersome…
