eInvoice to eWayBill : The case for Accounting Automation under GST

Core Principle : Goods flow in a supply chain but Information / Data about those goods does not flow spontaneously in the same supply chain. The solution is to automate accounting/ avoid re-entry across the supply value chain. The advent of GST regime is an opportunity to re-engineer the entire business process in documentation of…More

PERSPECTIVE FOR DEVELOPMENT OF MIS FOR SHELF SPACE IN RETAIL INDUSTRY

In accounting, every unit of inventory procured is an application of funds and every unit of inventory sold is a release of funds of an entity. Similarly, every unit of inventory of inventory procured is blocking space – at the warehouse or on the retail shelf and every unit of inventory sold is an unblocking…More

Accounting Software : Transition from Book Keeping To Financial Reporting

I had certain thoughts on Accounting Packages – which can help them Transition from being book-keeping (Recording of Transaction) to Financial Reporting packages. 1. At present, Accounting Packages allow only a single grouping for a Ledger Account. However, in a number of factual instances the grouping of account in the Financial Statement depends upon the…More