GST, e-invoicing, input tax credit and accounting—explained in plain English, with technical detail and worked examples.
A PO records what you authorised, a GRN records what arrived, and the vendor invoice records what the supplier billed. Compare all three before approving payment.
15 Oct 2026
A trial-balance difference points to an incomplete or broken posting trail. Diagnose the source, period and opening balance instead of forcing a suspense entry.
15 Oct 2026
A practical distinction between the MCA edit-log requirement, ordinary user activity logs and source-linked accounting evidence—without assuming that every “audit trail” label means compliance.
9 Oct 2026
Understand operating, investing and financing cash flows with a worked Indian small-business example—and learn why profit, bank balance and cash flow answer different questions.
9 Oct 2026
When a customer payment doesn't exactly match one open invoice, a consistent oldest-invoice-first rule beats ad-hoc guessing — and knowing when to flag instead of guess matters just as much.
23 Sept 2026
Under accrual accounting, an expense belongs to the year the service was actually delivered — not the year the vendor happened to get around to invoicing it.
23 Sept 2026
Pay a registered MSME vendor late, and the expense itself can become disallowed for that financial year under Section 43B(h) — a real tax consequence, not just a commercial one.
23 Sept 2026
Stock levels and revenue recognition don't have to move on the same date — but they should each move on a clearly defined, consistent trigger, not whichever event happens to be recorded first.
23 Sept 2026
AI in accounting can reduce repetitive invoice, matching and reconciliation work, but every material outcome still needs evidence, access controls and a named human reviewer.
23 Sept 2026
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