Are you planning to hire a financial advisor for you/your business? Choosing a financial advisor has a significant bearing on the financial outcomes. A correct choice of advisor brings you closer to your financial goals whilst a wrong one can…
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The humongous task of managing business performance, for startups as well as established companies, is getting more and more critical with each passing day in response to the complex and volatile economic climate that they face these days. Necessity of…
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Financial advisors are hired by clients to do financial planning and management for them. Financial Advisor is a very comprehensive term though. They may have different specializations and may focus on different aspects of financials like life insurance or taxes.…
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What is Financial Forecasting ? A financial forecasting is the process of identifying trends with the help historical data and previous reports to projects those trends to provide information to decision-makers about the company's financial position. Although entrepreneurs find financial…
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A Chief Financial Officer (CFO) can give the much-needed positive thrust your company needs in terms of financial understanding. He brings vast practical strategic and financial skills and knowledge to your company. A CFO helps you to clarify, analyze the…
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Any individual or company must know where or who they are, the place they need to be, and how to arrive there. The decision-making process and strategic planning use investigative models that give a reasonable image of the individual, partnership,…
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The two tools that the companies use to establish their plans for the company are budgeting and financial forecasting. Often these two terms are used together but are two different concepts -Budgeting quantifies the expectation of revenues whereas forecasting estimates…
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So what is a development plan? To put it simply, a development plan is considered as an outline for your business. Just as it is not feasible to start a business without a business plan, a development plan is necessary…
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Most people are hard-pressed to differentiate between bookkeeping and accounting, especially those who come from a non-commerce background. Many times, accountants are juxtaposed with bookkeepers, whereas ideally the bookkeepers' work is the first step in the whole accounting process. Bookkeepers…
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1. Accounts and Other Records Every registered person is required to keep and maintain all records at his principal place of business. Who must maintain accounts under GST? It is the responsibility of the following persons to maintain specified records-…
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