Importance of Bookkeeping Importance of bookkeeping, Bookkeeping is necessary for several reasons: 1. Financial Organization: Bookkeeping helps you keep your financial records organized. By accurately recording and categorizing your business transactions, such as sales, expenses and payments, you can maintain a clear and systematic overview of your financial activities. 2. Financial Monitoring: Bookkeeping allows… Read More »
Why private limited company There are several reasons why individuals choose to register a company as a private limited company: Limited Liability Protection: One of the key advantages of a pvt. limited company is limited liability protection. This means that the personal assets of the shareholders are generally protected in case the company incurs debts… Read More »
Mudra Yojana It is also known as the Pradhan Mantri Mudra Yojana (PMMY), was launched on April 8, 2015, in India. It was introduce by the Government of India to provide financial assistance and support to small and micro-enterprises in the country. The main objective of the Mudra Yojana is to promote entrepreneurship and generate… Read More »
Taxation Compliance Taxation compliance is for several reasons: Legal Obligation: Paying taxes and complying with tax laws is a legal requirement in most jurisdictions. Failure to meet tax obligations can result in penalties, fines, or even legal consequences. Complying with tax laws ensures individuals and businesses remain in good standing with tax authorities and… Read More »
Long-term equity Investor A long-term equity investor is an individual or entity that invests in stocks or equities for a relatively long period, typically several years or even decades. Long-term equity investing involves holding onto a stock for an extended period. It is with the expectation that the company’s value and earnings will increase over… Read More »
Benefits of bookkeeping Website link content link Benefits of bookkeeping in an Organization: Accurate financial records: Bookkeeping ensures precise documentation of all financial transactions, encompassing sales, expenses, and payments. This guarantees the integrity and reliability of financial records, enabling informed financial decision-making and compliance with regulations. Enhanced financial management: It provides vital financial information that… Read More »