How to Read and Analyze a Balance Sheet: A Comprehensive Guide
How to Read and Analyze a Balance Sheet: A Comprehensive Guide Introduction: Understanding how to read and analyze a balance sheet is crucial for evaluating a company’s financial health. This guide will walk you through the essential steps, utilizing transitional words to enhance readability and SEO effectiveness. 1. Begin with the Basics Firstly, it is […]
MSME Form 1 Filing: Is Your Company Compliant?
MSME Form 1: Understanding Its Applicability and Compliance Introduction: MSME Form 1 is a crucial compliance document under the Ministry of Corporate Affairs (MCA), applicable to certain companies in India. It requires companies to report their outstanding dues to Micro, Small, and Medium Enterprises (MSMEs). The form ensures that businesses are compliant with the provisions […]
Internal Audits and Their Benefits with Diligen
Unlocking Business Potential Through Internal Audits with Diligen Introduction Internal audits are, without a doubt, a critical aspect of any organization’s strategy to maintain efficiency, manage risks, and ensure regulatory compliance. At Diligen Professional Solutions Private Limited, we fully recognize the importance of internal audits in shaping the financial health and operational success of businesses. […]
When Is the Right Time for Your Company to Get an Audit?
When Is the Right Time for Your Company to Get an Audit? Introduction: Is your company at a crossroads? Are you wondering when the right time is to conduct an audit? Determining the optimal timing for an audit can be crucial for your business’s financial health and compliance. An audit, whether voluntary or mandatory, provides […]
How to make a Financial budget for Small Businesses?
Estimating a financial budget for a small business or evaluating the costs involved to set up and run a start-up company is crucial. As a start-up entrepreneur or a small business owner, you may have limited funds and lesser investment options. Hence, there is no doubt that creating a financial budget for your small business […]
Why Should One Appoint A Virtual CFO?
Businesses are facing a complex and dynamic commercial environment. Not just the current pandemic situation, but markets are shifting each year with an agenda to find newer business models. The subsequent goal is to find cost-effective, extra-productive, and insightful results. One such initiative made by accounting companies is the expansion of virtual CFO services. The […]
Why is it important for businesses to outsource their finance and accounting needs?
The perks of outsourcing finance and accounting services are multiple. The common one beings save time, is a cost-effective method, etc. Today multiple small and medium-sized businesses are rendering this outsourcing services with confidence. What makes them trust these book-keeping services is exactly what our blog will cover today. Why Should Your Business Outsource […]
8 Cost and Time Effective Tips for Accounting and Bookkeeping in 2023
A business owner is very keen to track every business expense in the initial stage. But as the business grows, the process gets complicated. In such cases, managing business and accounts tend to become tedious. But what if we told you there is a more straightforward way to manage time and money in accounting? To […]
What are the best accounting practices to use for an online business?
Online businesses have seen a potential future due to the pandemic. The online platform was always popular. But with Covid-19, the popularity has doubled. A growing business requires a simple solution to manage transactions. If you have an online business account and are looking to track the expenses, you need to read this blog. 8 […]
6 simple tricks to avoiding business financial frauds in 2023
Online fraud has become accustomed to top businesses of today. Multiple well-established brands fall under the pit of financial statement fraud. Understanding and protecting yourself from illegal acts can save you from heaving losses and bankruptcy. There are multiple fraud examples that answer the why of this action. Thus, to avoid them, this blog shares […]