Preparing the financials of a company Preparing the financials of a company involves several steps. Here is a general outline of the process: 1.Collect and Organize Financial Data: Gather all relevant financial information, such as transaction records, bank statements, invoices, receipts, and other supporting documents. Ensure that the data is accurate, complete, and organized… Read More »
Project finance reporting Project finance reporting is generally carried out by multiple stakeholders who are involved in the project. Here are some key entities that may be responsible for project finance reporting: 1.Project Sponsors: Project sponsors are the entities or individuals who initiate and oversee the project. They are often responsible for providing updates… Read More »
Form 15CA CB purpose Form 15CA CB purpose, The Indian government mandates the use of 15CA and 15CB forms for specific financial transactions involving non-residents. Here’s a brief explanation of each form: 1.Form 15CA: This form is use for remittances (money transfers) that are subject to tax deduction at source (TDS) under the Indian Income… Read More »
Two-way invoice matching process The 2-way invoice matching process is a method used in accounting to ensure that the invoice amount matches the purchase order amount and the goods receipt amount. This process involves comparing the invoice received from a supplier with the purchase order and the goods receipt and ensuring that all three documents… Read More »
Invoice management Invoice management: is the process of handling and tracking the creation, processing, and payment of invoices within a business or organization. It involves various tasks such as generating invoices, sending them to customers, recording payments, and reconciling accounts. Effective invoice helps businesses to streamline their billing and payment processes, reduce errors… Read More »
Financial analysis Vs planning Vs management Financial analysis Vs planning Vs management, Financial analyst, financial plannings, and financial management are three distinct concepts in the field of finance. It is refers to the process of evaluating the financial performance of a company or investment by analyzing its financial statements, ratios, and other financial indicators. It… Read More »
PF (Provident Fund) number PF number lookup using employer’s name: To get your PF (Provident Fund) number using your employer’s name, you can follow these steps: Visit the EPFO website (Employees’ Provident Fund Organisation). Click on the “For Employees” option and select “Know Your PF Balance” from the drop-down menu. Select your state and click… Read More »
What is invoicing Invoicing refers to the process of creating and sending a document that requests payment for goods or services that have been provided. An invoice usually contains information such as the seller’s name and address, buyer’s name and address, a description of the goods or services provided, and other relevant details such as… Read More »
The working capital cycle time formula The working capital cycle time formula, also known as the cash conversion cycles, is a measure of how long it takes for a company to convert its investments in inventory and other resources into cash. The formula is: Working capital cycle times = Inventory days + Receivables days –… Read More »
Balance Sheet Equation Balance sheet equation also known as the accounting equation, is a fundamental principle of accounting that states that the assets of a business are equal to the sum of its liabilities and owners’ equity. Mathematically, it can be represent as: Assets = Liabilities + Owners’ Equity This equation is always in balance,… Read More »