Effective Control in Purchase Stage to Prevent Frauds
A company with many different processes may suffer from lack of control of the management. If there are no control mechanisms in place, then there are chances of frauds which…
Regular Internal Audit to Improve Profitability
In the previous article we had demonstrated how having effective controls in for of Standard Operating Procedures (SOPs) help in controlling frauds and reducing losses. Once the effective controls are…
How to Choose a Accounting Outsourcing Service Provider?
Consider this: A CEO of a multinational company after reviewing his quarterly results, comes to following conclusion: Growth is stagnant Fixed cost is on the rise, contributed by rising expenses…
Does Your Business Really Need Cloud Based Accounting Systems?
The word cloud is in real demand. Everybody is talking about it and infact; you are using cloud based technologies in most parts of your business. As I am writing…
Nine Factors To Consider Before You Decide to Outsource Finance and Accounting Function
Well after lot of deliberation and thought you have finally decided to outsource your finance and accounting function. We are quite sure that cost is not the only factor in…
Service Exports from India Scheme-Know How Can Avail Benefit Under It
In order to encourage export of services, Indian government notified Service Exports from India Scheme commonly referred to as SEIS scheme. This is as per Foreign Trade Policy 2015-2020 Some…
Additional Benefit for Employing People in 2017 under Income Tax Act 1961
In recent past, government of India in its effort to improve the economy, has been introducing lot of policies and incentives. One of such incentive is giving 30% extra benefit…