Amaey Anand is a certified accountant with over 10 years of experience in the finance industry. He has worked with various organizations to streamline their petty cash management processes and reduce inefficiencies. He has also written several articles on financial management for leading publications such as Zensuggest and The Wall Street Journal.
Accounting is not everyone’s cup of tea. It is a challenging task that involves bookkeeping, calculating, procurement, and generating invoices. To master the art of it, an accountant has to embrace the accounting basics to achieve the desired results. Looking for...
Payroll processing is the payment of wages made to an employee by an employer. It is an important business function hence businesses need to ensure all payroll processes are carried out efficiently. Manual payroll vs. automated payroll are the two types of systems...
Running a startup can be exciting. You can innovate and implement your ideas and see your project reach new heights. While it sounds great, you need to ensure your venture is sustainable. Moreover, activities should be carried out through a well-managed and optimized...
The bill of materials (BOM) is an essential document that contains a wealth of information utilized in the production of a product. It is a detailed inventory that comprises a list of all the necessary materials required to manufacture an item, as well as instructions...
SAP accounting software is one of the world's most popular and widely used business software programs. SAP financial accounting software enables businesses of all sizes to manage their finances, reports, and business operations efficiently Looking for Accounting...
![Petty Cash: A Complete Guide [+ Downloadable Templates]](https://blogimages.softwaresuggest.com/blog/wp-content/uploads/2023/04/14123848/Petty-Cash.png_compress-min.jpg)
Considering giving employees petty cash at your small business? Make sure you understand the petty cash meaning and create a petty cash accounting system first. Even if you think petty cash transactions aren't...
Implementing Goods and Services Tax has transformed how individuals and businesses pay taxes. However, there are several aspects of GST that people are not entirely familiar with regarding the filing of GSTR-3B or, to say, what is GSTR-3B return. What Is GSTR-3B? If...
The dynamic Goods and Services Tax (GST) introduction has brought about many vital changes in business organizations. Most businesses use various billing and invoicing software to remain compliant and adhere to the current mandatory regulations. The right GST software...
Businesses often record petty cash expenses to pay for little general merchandise, mail, flowers, taxi fares, and other small expenses and to repay somebody for dropping in lunch or coffee. Despite its significance, petty cash is still an aspect of financial affairs...
With the expansion of taxable supplies, not every good and service is taxable. The government clearly defines (goods and services tax) GST exemptions. A goods and services tax is set on the goods and services value. Understanding taxability also requires having...