Bookkeeping

TranZact is a team of IIT & IIM graduates who have developed a GST compliant, cloud-based, inventory management software for SME manufacturers. It digitizes your entire […]

Cash basis accountingThis is the simplest form of accounting which tracks income when it is received and expenses after they are paid. First and foremost, you […]

Those who are responsible for creating accounting reports are supposed to pay attention to its updated standards to create detailed reports for stakeholders. The Financial Accounting […]

To accurately determine your current WIP inventory value, you need to first determine the cost of manufactured goods. To determine your COGM, you will need to […]

Cash basis accountingThis is the simplest form of accounting which tracks income when it is received and expenses after they are paid. First and foremost, you […]

Budgeting and financial planning are essential components of managing personal and business finances. They provide a roadmap for achieving financial goals and ensuring financial stability. One […]

Without them, it wouldn’t be possible to see cash flows within a company or trace capital from one account to the next. One common example is […]

The process for reconciling these accounts is the same as the process for reconciling a bank or credit card account, and it typically takes only moments […]

Some of the tools, such as data tables that we can use for performing what-if analysis are found on the tab in Excel helpfully labelled “What-if […]