Reconciling your accounts can help to identify and correct errors, ensuring all transactions end up correctly. The monthly bank reconciliation process should be free of errors and streamlined for maximum efficiency. It involves reviewing each individual transaction to see if the amount captured matches the actual amount spent. Documentation review tends to be more accurate [...]

Severance pay entitlement is 15 days’ wages per year of service, as long as the employee has served at least five years. A foreign national will generally apply for an Indian employment visa to the Indian Embassy/High Commission in his country of residence. Following the receipt outsourced accounting and bookkeeping of a visa, all labor [...]

By outsourcing accounts receivable and payable, you can ensure that an experienced accountant handles your cash flow. And if you don’t have an in-house accounting professional with the required skills, you can hire an offshore accounting service. Offshore accounting firms such as those in India work under strict measures in a controlled environment to protect their client’s data. [...]

This ratio keeps a margin of safety for any potential losses that might occur during the realization of the current assets. It can be calculated as the ratio between the Current Assets and Current Liabilities. To measure the liquidity, we need to calculate the liquidity ratios. These ratios give a short-term answer as the creditors [...]

Gross merchandise volume is a metric commonly used by e-commerce businesses to measure total sales transacted through their platforms. In China, e-commerce giants Alibaba and JD.com both use GMV to measure transactions conducted during its shopping events, such as Alibaba’s Singles’ Day on November 11 and JD.com’s 618 shopping festival. GMV measures the total revenue [...]