Knowing the amount of time your inventory spends in the warehouse is important for cash flow management. Days inventory outstanding is the calculation of the average time a business has…
Sometimes one of the first questions your auditors ask you is what your stock is worth. The Change in Inventory formula provides the mathematical foundation of validating this crucial number.…
Businesses that deal in printed promotional materials, brochures, catalogues, posters and the likes come under the HSN Code 4911 GST Rate. This category normally includes printed products that are not…
For any business, to stay financially healthy and understand how the money comes in and how it goes out is a big part of your business. cash inflow and cash…
The non current assets and current assets can be extremely important assets that require understanding for effective tax-planning strategies for Indian businesses. The asset classes are the most important source…
Furniture manufacturing and retail are some of the fastest growing segments in India. The 9403 HSN Code GST Rate is applicable to furniture items, which are made up of wood,…
Goods that have HSN Code 3004 GST Rate are pharmaceutical products including medicaments, antibiotics, and health supplements, which are an important component of the healthcare trade in India. But it…
The just-in-time (JIT) inventory management is basically the way how Indian businesses are going to change the ways of maintaining the stock. Companies no longer hold excess inventory but order…
The inventory holding cost is the total cost which a business will have to incur to hold, maintain and manage the unsold goods. This includes warehousing, insurance, depreciation and even…
The trial balance accounting is important for every Indian entrepreneur and accountant who wants to keep accurate books of accounts. It is the initial check point in financial reporting, which…
Retail Software
Distribution Software
Retail Chain