Category: Finance

GST Reform The complicated GST slabs that gave headaches to small traders after the flagship tax overhaul came into effect, was cleaned up by the government today, leaving only two slabs — 5 and 18 per cent. The new structure will be implemented from September 22. For the common man, it means more money in… Continue reading Next Gen GST Reform

A cash flow statement is a financial statement that presents total data. Including cash inflows, a business gains from its continuing progress and external financing sources, as well as all cash outflows that pay for trading activities and finances during a delivered time. In other words, a cash flow statement is a financial statement that… Continue reading Cash Flow Statement

Cloud Economics Cloud economics refers to the principles and practices that govern the benefits, costs, risks, and returns associated with cloud adoption in enterprises. As digitization accelerates across industries, cloud adoption has shifted from being a forward-thinking technological choice to a critical necessity for survival, innovation, and growth. Enterprises are increasingly focusing on applying cloud… Continue reading Cloud Economics

When working with an invoice in NetSuite, the tax amount may change after you select Save. This happens due to how tax is calculated in NetSuite and Avalara. Environment: NetSuite Tax calculates automatically whenever a change is made to a transaction, such as an invoice, estimate, or credit memo. Selecting Save triggers tax calculation to… Continue reading Avalara Tax functionality

AI is proving to be more than a buzzy technology fad and one of those rare advancements—like the internet and cloud computing—that promise to revolutionize the business landscape. For CFO’s and their teams, it couldn’t have come at a better time. “An omnipresent challenge finance leaders face is growing revenue while also expanding margins,” said Matt… Continue reading Future of AI in Finance

To resolve the issue of receiving an error message stating “Could not calculate cost for the selected Realtime rate. Account and meter number are not consistent on Sales Order after FedEx Account Registration”, you should register the FedEx Account again, ensuring that the FedEx Meter Number is picked up by the registration. It is important… Continue reading meter number is not registered error

· Section 194R does not apply to employees who receive benefits from their employers. Section 192 will apply to them.  When the recipient is a non-resident, the tax will be deducted under Section 195. · When there is no business relationship, this section will not apply. TDS should not be deducted when the total value involved does… Continue reading Non-applicability Of TDS Under Section 194R