Sewa Diary

Grow Working Capital If you are working in a collections team under receivable department of any company then you might be aware about the importance of adequate supply of working capital in a business. In this article i will let you know few tips to ensure smooth management of working capital. Let's get started. Meaning of Working Capital Working Capital refers to the amount of available funds-in-hand to pay off the routine expenses, such as daily wages to workers, paying subscriptions, repairs or general admin (maintenance) expenses. So, if a business organisation wants to maintain sufficient opening balance in its day book then it should focus on the following 3Ps of its collection team in the organisation: People Process & Physical Evidence (Use or Right Tools) Let's talk about each element one by one and at the end we will discuss the pin-points that can be followed to ensure a good working capital management. People It r...

updated on 23-07-2020 I am going to answer following questions in this tutorial — How to find GST Rate for goods and services in business? ⦿ How to find HSN/SAC using Tax Rate? ⦿ How to find GST rate using HSN/SAC? ⦿ How to find item wise HSN/SAC? ⦿ How to find company wise HSN/SAC? ⦿ What, Why and Who should use HSN/SAC? — Hello, I welcome you all to the another Business Article of Sewa Diary. This article is going to be very useful especially for small businesses, bookkeepers and accountants locating in India. I have tried my best to write this article in the simplest manner so that any startup or small business owner can understand and implement the knowledge easily. There are lakhs of websites are available across the internet to find HSN Code or SAC , but do you know how much of them are authenticated or regulated by a verified body of individuals? Probably you don't know. These are common but serious questions, because the answers of these questions are connected with o...

Updated on 18-06-2020 Hello, I welcome you all to the fifth article of my blog Sewa Diary. This article is going to be very useful, especially for small businesses (having turnover less than 1.5 crores), startups, MSMEs and for those persons who want to maintain their accounting work in a software but have not started yet because of lack of funds, insufficient knowledge, legal complications or due to the risks of frauds. So, here in this article i am going to tell you the most trusted sources from where you can download one of the Best Free Accounting Software for your small business. The basic requirement to download these software(s) is a valid GST Number & turnover less than 1.5 crores per annum. Unregistered businesses or individual having inactive GST Number are not eligible to download these software  - as per GSTN Report. These software have been designed in such a way that any person, whether he's from accounting background or not, can also use them easily. The...