Electronic invoice, e-invoice, and digital invoice are terms associated with digitization of invoicing process. Generating an invoicing using a spreadsheet or using software will not mandate the same to be known as e-invoicing. Such invoices are digit...
It is good for all businesses to maintain timesheet for effective planning of a day. Timesheet is ultimately a set of data points which help managers to track hours of an employee. Timesheet has taken multiple dimensions with the change in technology,...
Everyday business involves numerous transactions in relation to selling goods and providing services. It is mandatory for a GST-registered supplier to issue a tax invoice. There are situations where the supplier commits error while filing the tax invo...
The Goods and Services Tax (GST) literature provides detailed guidelines about the content of an invoice in its various notes. The ‘Export Invoice’ related to Service is also a document containing a description of the services provided by an exporte...
An efficient, and reliable software system is the foundation of any successful organization. It is good to maintain the right payroll and invoice system in place to ensure that the business operates smoothly while guaranteeing all are paid on time as we...
Clock hour is the time as recorded per clock reading. Usually, we follow clock hours for tasks like the time spent attending to a particular task or for project management activities. If the clock hour is recorded as 7 hours and 30 minutes then in the...
Generally, there is a belief that COVID -19 had significant impact of in currency circulation. The Covid put greater thrust on digitization and dependence on contactless transactions. Also, there was tremendous growth in the usage of UPI, IMPS mode in...
Recessions cause serious economic and financial disruptions throughout the world, and it used to get synchronised on a global scale due to dependency existing in the economic activities. Over the past seven decades, there have been four notable global r...
Covid – 19 has brought multiple changes in society and its behavior, and a few of such changes are directly visible. The hybrid work model is one such change that has been evolving over a period but is yet to get fully crystallized. This Hybrid work...
An invoice or bill indicates the sale or supply of products or services by one business to another or consumer. Ideally, the invoice shall contain information about each transaction, buyer’s details, quantity, value, tax, and payment terms. Payroll ...