{"id":9263,"date":"2026-02-18T05:20:59","date_gmt":"2026-02-18T05:20:59","guid":{"rendered":"https:\/\/margbooks.com\/blogs\/?p=9263"},"modified":"2026-02-19T09:45:36","modified_gmt":"2026-02-19T09:45:36","slug":"realization-concept-in-accounting","status":"publish","type":"post","link":"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/","title":{"rendered":"Why Do Businesses Follow the Realization Concept in Accounting?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1c6e70;color:#1c6e70\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1c6e70;color:#1c6e70\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Understanding_Realization_Concept_in_Accounting\" title=\"Understanding Realization Concept in Accounting\">Understanding Realization Concept in Accounting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#When_is_Revenue_Considered_Realized\" title=\"When is Revenue Considered Realized?\">When is Revenue Considered Realized?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Goods_Delivered\" title=\"Goods Delivered\">Goods Delivered<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Services_Completed\" title=\"Services Completed\">Services Completed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Invoice_Raised\" title=\"Invoice Raised\">Invoice Raised<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Legal_Right_to_Receive_Payment\" title=\"Legal Right to Receive Payment\">Legal Right to Receive Payment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Revenue_Recognition_Discipline\" title=\"Revenue Recognition Discipline\">Revenue Recognition Discipline<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Prevention_of_Overstated_Profits\" title=\"Prevention of Overstated Profits\">Prevention of Overstated Profits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Accurate_Financial_Statements\" title=\"Accurate Financial Statements\">Accurate Financial Statements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Compliance_with_Accounting_Standards\" title=\"Compliance with Accounting Standards\">Compliance with Accounting Standards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Protection_of_Stakeholders\" title=\"Protection of Stakeholders\">Protection of Stakeholders<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Practical_Business_Example\" title=\"Practical Business Example\">Practical Business Example<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Revenue_Recognition_in_Different_Sectors\" title=\"Revenue Recognition in Different Sectors\">Revenue Recognition in Different Sectors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Role_of_Technology_in_Applying_the_Concept\" title=\"Role of Technology in Applying the Concept\">Role of Technology in Applying the Concept<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Common_Errors_When_Realization_Concept_is_Ignored\" title=\"Common Errors When Realization Concept is Ignored\">Common Errors When Realization Concept is Ignored<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/margbooks.com\/blogs\/realization-concept-in-accounting\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Financial statements must be accurate in reflecting the attitude of true performance. The realization concept in accounting states that revenue is only worth recording when it is actually earned and legally amenable to receipt. It prevents business from displaying income before completion of their business obligation.&nbsp;<\/p>\n\n\n\n<p>For companies that deal with credit sales, GST compliance, and contractual services, this principle plays an important part. It creates discipline in the revenue recognition and safeguards the financial credibility. Whether a small trader or large manufacturer, following this concept, profit figures remain accurate as well as legally defensible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Realization_Concept_in_Accounting\"><\/span>Understanding Realization Concept in Accounting<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The realization concept in accounting is that the revenue should be recorded when it is earned, the right to receive the payment is established. It is not made on the basis of cash receipt. It is based on completion of performance. This concept applies to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sale of goods<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rendering of services<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Long-term contracts<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Milestone-based billing<\/li>\n<\/ul>\n\n\n\n<p>It is in line with the accrual basis of accounting adopted under Indian accounting standards.<\/p>\n\n\n\n<div class=\"btn-div\">\n\n    <a href=\"https:\/\/me9.in\/MBB\" class=\"marg-btn\" target=\"_blank\" rel=\"noopener\">Get Online Accounting Software<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_is_Revenue_Considered_Realized\"><\/span>When is Revenue Considered Realized?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Revenue is recognized as realized under certain conditions. These conditions make sure that income is not recorded prematurely.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Goods_Delivered\"><\/span>Goods Delivered<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Revenue is recorded when goods are transferred to the buyer and the risks of ownership are also transferred.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Services_Completed\"><\/span>Services Completed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In service businesses, revenue will be recognized as a service obligation or milestone is completed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Invoice_Raised\"><\/span>Invoice Raised<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An invoice creates the formal billing and documentation process of transaction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Legal_Right_to_Receive_Payment\"><\/span>Legal Right to Receive Payment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The seller must possess a clear contractual right of payment. Only if these elements are met, the revenue is obtained.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revenue_Recognition_Discipline\"><\/span>Revenue Recognition Discipline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Without this concept, the companies may record revenue at order confirmation stage. Turnover figures would be inflated. The concept ensures:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue is matching actual performance.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Income is recorded from the relevant accounting period.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Financial results are the reflection of the true activity.<\/li>\n<\/ul>\n\n\n\n<p>For Indian MSMEs, this is very critical during financial year closing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Prevention_of_Overstated_Profits\"><\/span>Prevention of Overstated Profits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Recording revenue prior to delivery makes artificial profits. This may lead to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Incorrect tax calculations<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wrong dividend decisions<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Misleading financial ratios<\/li>\n<\/ul>\n\n\n\n<p>The realization concept in accounting prevents this risk as revenue is linked to the completion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accurate_Financial_Statements\"><\/span>Accurate Financial Statements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Financial statements are used for decision making by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Owners<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investors<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Banks<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tax authorities<\/li>\n<\/ul>\n\n\n\n<p>If revenue is not properly realized, then profit and loss statements become unreliable. Using structured platform can ensure that the sales are only reported once the invoices have been generated and the dispatch has been confirmed. Businesses using MargBooks have the ability to set the rules of revenue recognition in accordance with this concept.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Compliance_with_Accounting_Standards\"><\/span>Compliance with Accounting Standards<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The businesses follow Accounting Standards issued by the Institute of Chartered Accountants of India and Ind AS for large entities. These standards provide that revenue should be recognised when performance obligations are to be satisfied. The principle of realization gives support to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accrual accounting<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Incomes and expenditures matched correctly<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GST compliance documentation<\/li>\n<\/ul>\n\n\n\n<p>A good configuration of a <a href=\"https:\/\/margbooks.com\/gst-billing-software.html\">GST Billing software<\/a> helps to ensure that tax based invoice and revenue entries are matching with each other. MargBooks combines billing and ledger posting to ensure this discipline is maintained.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Protection_of_Stakeholders\"><\/span>Protection of Stakeholders<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Overstated revenue can be misleading to stakeholders. Banks may make loans on the basis of inflated numbers. Investors can be based on the wrong profit margin. The Realization Concept in Accounting has the element of protecting:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lenders<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shareholders<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business partners<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tax authorities<\/li>\n<\/ul>\n\n\n\n<p>It instills trust in numbers that are reported. Our system enables owners of businesses to distinguish receivables from the reflected revenue to enhance the transparency.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"579\" src=\"https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Realization-1-1024x579.webp\" alt=\"Realization Concept in Accounting\" class=\"wp-image-9266\" title=\"\" srcset=\"https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Realization-1-1024x579.webp 1024w, https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Realization-1-300x170.webp 300w, https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Realization-1-768x434.webp 768w, https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Realization-1-150x85.webp 150w, https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Realization-1.webp 1472w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Practical_Business_Example\"><\/span>Practical Business Example<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Let us take into account a textile manufacturer in Surat. Scenario:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Customer orders in March<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The goods are sent out on 28 March<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Invoice is Raised on the same day<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Payment is due in 30 days<\/li>\n<\/ul>\n\n\n\n<p>According to the realization concept of accounting, revenue is recognised in March because:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Goods are delivered<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The invoice is raised<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Legal right to demand payment exists<\/li>\n<\/ul>\n\n\n\n<p>Even if cash is received in April, the revenue is that of March. If the manufacturer included revenue at the stage of confirmation of the order in February, the profits will be overstated.<\/p>\n\n\n\n<p>This difference causes a direct impact on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Financial year closing<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GST reporting<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Income tax calculation<\/li>\n<\/ul>\n\n\n\n<div class=\"btn-div\">\n\n    <a href=\"https:\/\/me9.in\/MBB\" class=\"marg-btn\" target=\"_blank\" rel=\"noopener\">Get Cloud-Based GST Billing Software<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revenue_Recognition_in_Different_Sectors\"><\/span>Revenue Recognition in Different Sectors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue becomes realized at the point of sale when the goods are transferred to the customers and a payment obligation is due.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A consulting entity that is finishing a milestone in its project can bill revenue once the milestone has been approved and the invoice is issued.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue is recognised as it is based on stage of completion on the terms of the contract. The same principle is applied by each sector: Revenue follows performance.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Role_of_Technology_in_Applying_the_Concept\"><\/span>Role of Technology in Applying the Concept<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Manual systems are instances of increased risk for premature entries. Modern accounting software that can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lock the revenue entries&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Link dispatch to sales entry<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Account for receivables separately<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maintain audit trail<\/li>\n<\/ul>\n\n\n\n<p>Our MargBooks <a href=\"https:\/\/margbooks.com\/accounting-software.html\">accounting software<\/a> offers structured work flows in which sales, GST calculation and ledger postings take place orderly. Likewise, VAT compliance is lessened with our software if the tax invoice is not created without the actual supply.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Errors_When_Realization_Concept_is_Ignored\"><\/span>Common Errors When Realization Concept is Ignored<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Businesses sometimes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Record your advance receipts as revenue<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Account income from proforma invoices<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Include goods left undelivered in sales<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Do not consider the service completion stage<\/li>\n<\/ul>\n\n\n\n<p>These practices manipulate profits and could come under review at the time of audit. Following the realization concept in accounting removes such errors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The realization concept in accounting, ensures that Revenue is to be recorded only at the time of earning and legally receivable. It avoids exaggerated profits and financial credibility. For Indian businesses, it helps in compliance with the Realization Concept in accounting standards and GST. It reconciles income with performance and corrects financial year reporting.\u00a0<\/p>\n\n\n\n<p>Whether you are a trader, manufacturer or service provider using <a href=\"https:\/\/margbooks.com\/\">MargBooks software<\/a>, using this concept will safeguard stakeholders and earn trust. With disciplined processes and appropriate systems, businesses are able to have accurate revenue recognition and reliable financials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial statements must be accurate in reflecting the attitude of true performance. The realization concept in accounting states that revenue is only worth recording when it is actually earned and legally amenable to receipt. It prevents business from displaying income before completion of their business obligation.&nbsp; For companies that deal with credit sales, GST compliance, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":9276,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[32],"tags":[57,86],"class_list":["post-9263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-cloud-based-accounting-software","tag-gst-billing-software"],"blocksy_meta":[],"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-150x150.webp",150,150,true],"full":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1.webp",1200,576,false]},"categories_names":{"32":{"name":"Accounting","link":"https:\/\/margbooks.com\/blogs\/category\/accounting\/"}},"tags_names":{"57":{"name":"cloud based accounting software","link":"https:\/\/margbooks.com\/blogs\/tag\/cloud-based-accounting-software\/"},"86":{"name":"gst billing software","link":"https:\/\/margbooks.com\/blogs\/tag\/gst-billing-software\/"}},"comments_number":"0","wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-150x150.webp",150,150,true],"cvmm-medium":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-300x300.webp",300,300,true],"cvmm-medium-plus":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-305x207.webp",305,207,true],"cvmm-portrait":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-400x576.webp",400,576,true],"cvmm-medium-square":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-600x576.webp",600,576,true],"cvmm-large":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-1024x576.webp",1024,576,true],"cvmm-small":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1-130x95.webp",130,95,true],"full":["https:\/\/margbooks.com\/blogs\/wp-content\/uploads\/2026\/02\/Untitled-2-1.webp",1200,576,false]},"_links":{"self":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/9263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/comments?post=9263"}],"version-history":[{"count":3,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/9263\/revisions"}],"predecessor-version":[{"id":9269,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/posts\/9263\/revisions\/9269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/media\/9276"}],"wp:attachment":[{"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/media?parent=9263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/categories?post=9263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/margbooks.com\/blogs\/wp-json\/wp\/v2\/tags?post=9263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}