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February 9, 2026
How to Convert PDF Data to Excel Spreadsheet Accurately
If you work in accounts, finance, taxation, banking or enterprise systems such as SAP and ERP, then PDFs are part of your everyday routine. Bank statements, invoices, audit reports, tax filings, and vendor records all come in PDF format. But when the time comes to analyze that data, upload it into a system, or reconcile […]
February 7, 2026
Reconciliation in Accounting: Your Financial Reality Check
Have you ever checked your bank balance and wondered why it doesn’t match your records? While this is a common frustration for individuals, in the business world, resolving this mismatch is not optional, it’s essential. This process is called reconciliation in accounting. Think of it as the fact-checking stage of your financial cycle, ensuring every […]
January 30, 2026
Automation in Accounting: The Future You Shouldn’t Miss
Imagine closing your month-end books in hours rather than days. Imagine eliminating data entry errors before they cost you clients. That is the promise of automation in accounting, and it’s not science fiction. It’s becoming essential for a successful career. From handling invoices to reconciling accounts, technology is taking over repetitive tasks, freeing professionals to […]
November 7, 2025
Contra Entry Cashbook: Meaning, Types & Examples
In accounting, a Contra Entry Cashbook is a unique transaction recorded in the Three-Column Cash Book to reflect the internal transfer of funds between Cash and Bank accounts of the same business entity. The term “Contra” signifies “opposite,” as the entry affects both columns on opposite sides — when cash is deposited into the bank, […]
October 10, 2025
Beginners Guide To Advanced Journal Entries
Advanced journal entries are critical tools in accounting, enabling precise tracking of complex financial transactions beyond basic debits and credits. These entries handle intricate scenarios like accruals, deferrals, depreciation, and intercompany transactions, ensuring accurate financial reporting. They require a deep understanding of accounting principles, such as double-entry bookkeeping, to maintain balanced ledgers. Advanced entries often […]
September 12, 2025
What Are The Latest GST Rate Change Notification
Do you want to know about the latest GST rate change notification in 2025? If yes, then this article can be of great help for you. After Donald Trump’s 50% tariff imposition on India the GST rate of India has been revised drastically to combat this situation. India’s GST regime is undergoing drastic transformation in […]
August 15, 2025
Effects Of US Tariffs On India: Impact, Affected Products, Rates & India’s Response
On 6th August 2025, Donald Trump has again increased the Tariff by further 25% thus making the total interest rate by 50% hike in Tariff on some goods in India. The stock market is now counting on the cumulative effects of US tariffs on India to counter this situation. India’s continuous purchase of Russian Oil […]
August 8, 2025
Rectification Of Errors In Accounting: Key Types & Methods
Rectification of errors in accounting is a crucial accounting process that involves identifying and correcting mistakes in financial records to ensure accuracy and reliability. Errors may arise from omissions, miscalculations, misinterpretations, or clerical oversights, impacting financial statements. These errors can be classified as errors of omission, commission, principle, or compensating errors. Rectification involves analyzing trial […]
July 25, 2025
Quick Analysis Tool Excel: Where To Find & How To Use
Do you have to perform complex excel calculations on a daily basis? If yes, then you cannot ignore the importance of the quick analysis tool Excel to complete your task on time. Now, you need to upgrade yourself with the changing needs of the industry. In this article, you will learn about different functionalities of […]
July 18, 2025
Reverse Charge Mechanism In GST: Meaning, Implications, Regulations And Compliance
Reverse Charge mechanism in GST is a quite difficult concept to understand. Now, if you face the same problem the recipient of the goods and services becomes liable to pay the tax. The main objective of shifting the burden for GST Payments to all the recipients is to widely open the tax burden.It provides the […]
July 11, 2025
Companies Final Account: Meaning, Example, Format, And Adjustments
Whenever the accounting period ends then it creates a series of statements that comprises the final account. Companies final account reflect the current financial position of an organization. This is actually prepared to summarize the financial performance as well as the condition of the company. All these accounts provide accurate financial information to its stakeholders […]
July 4, 2025
SAP FICO Transaction Codes: List Of T -Codes To Remember
SAP FICO Transaction codes are quite complicated and difficult to understand for a beginner. Now, if you want to master these codes of SAP FICO and want to work smoothly using these codes then you must go through this article till the end. This section defines the function related to basic settings, and enterprise structure […]
June 13, 2025
Flash Fill In Excel: What Is it & Step By Step Tutorial
Flash Fill In Excel is a highly flexible tool that is integrated with MS Excel. This offers a quick way to manage and enter the new data. In this article, you will get the complete insight about the usage of Flash Fill in Excel. The source data in Flash Fill usually follows a consistent pattern. […]
May 2, 2025
Accounts Receivable Process In SAP:A Step-by-Step Process
Accounts receivable help all businesses maintain their cash flow in proper order. The countdown begins when the complete process ends. The payment finance organization will receive from your end will be known as Accounts Receivable. The Accounts Receivable process in SAP makes the process of bill receivable smooth and effective. Recording of the financial activities […]
April 18, 2025
Trial Balance In Tally Prime: A Complete Step by Step Process
Trial Balance in Tally Prime comprises the summary of all ledger balances in one place. Manually preparing the Trial balance can be a tedious task. If there is a mismatch in the Trial Balance, you must check the ledgers properly. If there are any errors, then you need to maintain the ledgers manually but with […]
April 11, 2025
Inventory Valuation Process In Accounting: Importance, Methods, & Examples
The inventory valuation process in accounting finds the inventory value of any unsold stocks. This process can have a significant impact on preparing the financial statements. In most of the cases, inventory stock is basically an asset for your organization. It needs to have financial value to maintain a record in the Balance sheet. All […]
April 4, 2025
Mastering Advanced Data Validation In Excel: Essential Techniques To Learn
Data validation is a method of ensuring and verifying data accuracy and consistency before it is used in downstream applications. Advanced data validation in Excel can ensure that your records are in proper parity with each other. This is one of the crucial steps in the process of data management this will help you to […]
March 21, 2025
GST Composition Scheme: Rules, Turnover Limit, Rate,and Benefits
The GST composition scheme is one of the simplest and easiest GST schemes for taxpayers. Due to this scheme, small taxpayers can get relief from paying tedious GST formalities to pay all the GST at a fixed rate turnover. This scheme is opted for those who have an annual turnover of less than Rs 1.5 […]
March 7, 2025
General Ledger Accounting In SAP: A Complete Overview
The main purpose of general ledger accounting is to represent the external accounting and all the accounts involved in it fully. Thus it helps record all the business transactions in software systems integrated fully with all the operational areas. General Ledger accounting in SAP forms an integral part of accounting and bookkeeping in today’s world. […]
February 28, 2025
Top Lessons To Learn From Falling Markets
A falling market can be tough to navigate but it can be also packed with lessons that can reduce your headache next time when you invest. Ensure that you follow the charts and trends of the market to avoid your losses next time. There are numerous lessons to learn from falling markets to get better […]
February 21, 2025
Groups In Tally Prime – Essential Concepts To Learn
Groups in Tally Prime can help you organize and classify the accounts in proper order. This can boost the scope of your brand value to a greater level. It comprises of collection of various ledgers of the same nature. One of the best things about Tally Prime is that you can easily create, alter, and […]
February 14, 2025
BRS in Accounting – Purpose, Benefits, Format and Method of Preparation
The main purpose of the bank reconciliation statement is to identify all the errors that can affect your tax and financial position. BRS in accounting can act as a legal document at the time of financial audit if you can maintain it with perfection. Additionally, bank reconciliation can prevent and detect fraud. In the essence […]
February 7, 2025
Advanced Conditional Formatting In Excel with Process and Examples
Do you want to know how to do advanced conditional formatting in Excel? If yes, you must read this article till the end to get a clear insight about it. Advanced conditional formatting in Excel refers to the use of some complex rules, multiplier conditions, and formulas. Additionally, you can format cells that are based […]
January 31, 2025
Analyzing The Impact Of Tax On Profit From Shares In India
Do you want to know the impact of tax on profit from shares in India? If yes, then you must get through this article till the end to have a clear insight into it. There are many homemakers as well as retired people who spend their time gainfully buying and selling shares. Tax is levied […]
January 24, 2025
Place Of Supply In GST: Importance, Meaning & Types
The place of supply in GST matters a lot as it is a destination-based tax. It means it must be paid where all the products and services are ultimately used. The GST rate in India remains uniform throughout the entire country. It is very imperative to identify the place of supply for GST. As this […]
January 17, 2025
SAP FICO Enterprise Structure: A Comprehensive Guide
SAP FICO Enterprise structure is the fundamental aspect of an organization’s financial reporting and management process. It serves as the lifeblood of an organizational financial management system. SAP FICO enterprise structure is a systematic representation of the business structure present in this module. Additionally, you should understand the facts before implementing this system within your […]
December 27, 2024
Custom Number Formatting In Excel: Learn Amazing Tricks To Employ
Custom number formatting in Excel is a feature that allows all its users to format all the dates, times, and text in specific ways. It goes beyond the default options. When you define the custom number formats you can easily control how Excel shows the cell values without altering any underlying data. Custom number formats […]
December 13, 2024
Chart Of Accounts In Tally Prime: A Definitive Guide For Beginners
The chart of accounts in Tally Prime matters a lot as it offers a comprehensive guide for all beginners. All these accounts are classified under several categories based on their nature and purpose. In most cases, groups are classified under the category of ledger accounts. This is why your brand development needs to boost your […]
December 6, 2024
E-Invoice In Tally Prime: Complete Generation Process
Do you want to know how to generate an E-invoice for Tally Prime? If yes, you must read this article till the end. Generating E-invoice in Tally Prime will help you to meet your needs with ease. To generate all the E-invoices instantly you need to keep track of E-invoicing reports and everything in between […]
November 22, 2024
Top 11 Source Documents In Accounting: Overview, Importance, Types & Usages
Source documents in accounting are essential internal documents of a company that act as evidence of a business deal. Most of the time, they function as a bookkeeping process from the reference point. A paper trail is created each time when the business engages in financial transactions. In most of the cases, all the term […]
