How Bank Reconciliation Benefits Businesses? Bank reconciliation plays a crucial role in helping businesses manage their finances effectively. It involves comparing the bank account balance of a business with the amount reported by the financial institution in the latest bank statement. By conduc...
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How to Save Tax Using Income Tax Deductions? The first step towards understanding how to save income tax is to know about various deductions allowed under Income Tax Act for tax benefit investments. They can help you lower the taxable income as per the tax-saving options you choose. There are ...
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Need to Know about ESIC Online Payment Process ESIC also known as the Employee State Insurance is a scheme by the Indian government and its objective is to avail stress-free services to the employees and employers by utilizing the services and information portal. This means that all Filings and p...
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Aadhaar Authentication for GST Registration What is Aadhaar Authentication? The process of submitting the ‘Aadhaar number’ along with other biometric details of the Aadhaar holder to the Central Identities Data Repository (CIDR) for verifying its correctness is known as Aadhar auth...
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Employees’ Provident Fund or EPF The Employees' Provident Fund, sometimes known as EPF, is a well-known savings programme that the EPFO launched under the direction of the Government of India. EPF is funded by 12% of the employee's base pay and dearness allowance from both the em...
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Multiple Currency in Tally Prime Create, use maintain multiple currencies and set rate of Exchange in Tally Prime. Step by step notes with example and practice assignment Multiple Currencies: Many Organizations have transactions in more than one currency. Such transactions have to be recorded ...
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