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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Simply put, a business plan is a guide or a road map for your business that outlines goals and details on how to achieve the goals. At its heart, a business plan is just a plan for how your business…
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For every person or company, if the aggregate turnover is Rs 20 lakhs or more shall be required to obtain registration. Application should be filed for grant of registration for GST. Certificate of registration will be received along with GSTian…
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Marketing plan, strategy and organization to fuel your business plan Marketing strategy is a long-term, forward-looking approach to planning with the fundamental goal of achieving a sustainable competitive advantage. Sometimes marketing strategy is confused with a marketing plan, but they…
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Outsourcing accounting services to a financial expert not only saves your valuable time, allowing you to focus on your core competencies, but they also allow you access to a professional who can find and fix financial problems before they become…
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Financial modeling is an important element which helps to make major business decisions in corporate world. Financial models are great tools to execute choices in business to get perfect solutions. Financial models are tools built in excel that are used…
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It is a well-known fact that more than half of the human brain is engaged in processing information in visual form. For startups, their USP is their product/ service. But in order to impress the investors with a charismatic presentation,…
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