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Why Embrace the Concept of Audit Trail in Bookkeeping?

  A less travelled path also has footprints somewhere or the other which leads the traveller to its destination sooner or later. But what if the path is heavily travelled? The destination might seem easy but counting and analysing each and every step might not be easy to fetch from those numerous feet.  The advanced tech helps us edit anything and everything and the records of each and every edit can be fetched but need technical expertise. Similarly, the world of bookkeeping, through accounting software, goes through several changes and edits on daily basis even after being strongly controlled through the developed technology. But then what about the records of those changes? According to  The Indian Ministry of Company Affairs (MCA)  notification dated March 24, 2021 (Companies (Accounts) Amendment Rules, 2021), for the financial year beginning on or after April 1, 2021, every company that uses accounting software to maintain its books of account shall use only Acc...

Customise Your Invoice Templates Like a Pro With RealBooks

  In this world of personalisation and customisation, be it product or service, everything is being customised. Even the stars are being named in your name and have turned into an asset. Customisation is required when we are not satisfied with the general servings. In the era of advancement, we all are in a need of customised outputs in order to make our work easy and effective.  We didn’t spare Stars then why to spare the invoice of ours! You are allowed to be choosy and your choosiness will be respected when you have an accounting partner like  RealBooks , who serves the book as you want it to look. Not sure about your partner of your choice but you will surely get the Tax Invoice as per your preference and requirement from our 10+ templates with multiple colour options as well. Already a RealBooks user and want to know how? Watch the video and get ready to customize your Invoice template right now! And for the ones who are just seeing and are not dating us, it’s time t...

RealBooks offers Customisable Properties at Zero Additional Cost

A restaurant with a menu completely of our wish is none other than our kitchen and such ease in your accounting preferences are being served by your own RealBooks. Additional fields to capture details in the Voucher, Ledger or Items do not come for free since majorly all accounting software charges you for the same whereas, our business intelligent pocket friendly cloud accounting software, RealBooks, cares about your pocket and gives you a feature, customisable properties, through which you can self-customize the same without paying a single penny. Additional properties to your voucher, ledger or items makes the accounting easier since you can add all the relevant data with the same in order to enhance the, detailing, perfection and data traceability. How this self-customizable additional property would help you? 1. Additional Properties to Voucher: The nature of the transaction might be known but if you want a further detailing on certain transactions then you can easily add a prope...

Save Time with RealBooks' In-Built Excel Import Feature!

  From Excel To Software -Transfer Your Accounting Data with the Excel Import Add On! On a day to day basis, you’ll come across hundreds of transactions where you’d need to create various ledgers and masters for debtors, creditors or items. Entering them into the system one by one can be quite a cumbersome task given its monotonous and error-prone nature. Now imagine this, you have a lot of days worth of backlog and 100s of transaction entries to put into your software. If you rely on manual data posting then this would entail to drawbacks such as:- Long man hours- You’d have to upload the entries one by one which might take days to finish given the number of entries. You’d also have to put in extra time to enter data into a specific format for each category. Extra cost- You may have to assign some people to do the data entry work which would lead to unnecessary higher resource cost. Depletion of productivity- Feeding data into the system is a highly monotonous work and might af...

RealBooks – A cloud solution for Chartered Accountants

The Gregorian calendar is followed by all but the CA’s follow the Due Date Calendar which does not consists an Independence Day since they are always stacked by the upcoming due dates. Being a Chartered Accountant (CA), it is not that easy to handle the pressure of Time keeping accuracy quotient constant. USB’s with inappropriate backups, document physical verification, “0” flexibility in data access, mishandling of historic data, and the list of challenges goes on till infinity. None can solve it all but  RealBooks , an uprising accounting software, has been in a constant try to make the processes used by Chartered Accountants, be it accounting, auditing or compliance, more convenient and smart.  Here is how we have been working on it through our CA friendly features: 1.  Cloud based accounting :  A standard quality external HDD costs you around the same price at which you get a user license and unlimited cloud data storage at RealBooks. This gives you a relief from...

The Best Insurance Accounting Software's Fundamental Character Traits

The free accounting software in India for insurance companies should be cloud-based (to ensure secure but simple access for all users), provide accounting automation (to relieve internal teams of some of their work), interact with other app stores such as Sales team (to focus on ensuring a no-code setup that appears to work instantaneously), and be able to generate invoices in bulk while streamlining tax calculations. You should also be able to generate reports and provide insight-driven information fast by utilising basic, clear dashboards. Let's focus on the most significant traits. Cloud-Based For insurance businesses, the optimal accounting or bookkeeping software should be simple to use, quick to install, and easy to contact customer support. Your IT workers may suffer considerably with an application that requires continual IT maintenance. As a result, it makes sense to retain the finest free accounting software in India with GST on the cloud. Cloud-based GST Accounting so...

What Are the Advantages of Accounting Software for Businesses?

  The importance of accounting records management software to a company may be described in a number of ways. 1.  Priced affordably Online cloud  best accounting software India  is a topic that businesses commonly seek information about. Thoughts on whether deploying technology is feasible and acceptable given our budget aren’t the most common ones. Adopting the software at that time rather than engaging someone to administer the profiles is the most economical course of action. 2.  Time is saved The business must control both its immediate costs and the data for the whole fiscal year. Without a framework, managing operations would be challenging. As a consequence, this procedure takes time, but the organisation will undoubtedly receive trustworthy data as a result of those efforts. Businesses may save time and store records from the prior year in the database, which they can retrieve anytime necessary, by using the technology. 3.  Reliable outcomes There a...

3 Ways That Cloud Accounting Make Tax Filing Simpler

Almost all companies are required to submit annual tax returns to the appropriate government body in the country where they conduct business. The two months before the actual deadline for filing tax returns are frequently the busiest for the majority of firms. However, your usual business activities shouldn't be hampered by tax filing and preparation obligations. As a small company owner, you cannot afford to stop producing sales or bringing in money. One strategy to lessen the strain of tax season is to use a structured accounting system. This is precisely where cloud accounting tools and services, like the Realbooks online GST accounting software in India, may be advantageous. Learn how SMEs may experience less effort and expense when filing taxes thanks to cloud accounting with the help of GST accounting software . It is possible to access accounting data that is current. Using the capabilities of cloud accounting, you may construct your company's income statement at any ...

Accounting Information System: What Is It?

Describe It. Accounting Information System Dissection Accounting was carried out manually throughout a significant portion of human financial history. However, any procedure that depends on people is incredibly inefficient and susceptible to mistakes, at least sometimes. Skilled & precise auditors were in high demand. But when the 1970s arrived, the development of automated data processing made AIS possible (accounting information systems). These initial software initiatives were created internally at big organizations. Unfortunately, they were time-consuming & costly to maintain, and they didn't appear any better than using a calculator, paper, and a pen to do the math. Pre-built accounting software India solutions today constitute a separate business. Dozens of businesses battle for customers' dollars alone in India. Revenue and Outgoings: The AIS records and classifies money received from sales of goods or services, money spent on inventory, and money used f...

Accounting Software Might Improve Your Manufacturing Company's Cash Flow

Would you like to become familiar with some basic cash flow techniques utilizing free accounting software India ? Below are the three tried-and-true methods for boosting cash flow. 1. Identify your needs for stock and inventory management. Manufacturing firms utilize accounting systems in their warehouses. Additionally, their accountant keeps the data in the program's database up to date. The stock may be identified using this technique. A purchasing department will receive timely inventory notifications while monitoring stock levels. Users can be informed even if a company's stock is close to running out thanks to the capabilities of online GST free accounting software India. Businesses no longer have to worry about excess inventory or losing out on goods as a consequence. The industrial sector benefits from stock control and inventory management. By not buying goods they don't need, companies may be capable of saving money. Additionally, the production team can main...