Practical compliance guides

Accounting and Bookkeeping · 10 min read

When Should a Startup Hire a CA vs Use Accounting Software?

The transaction volume and funding stage at which a CA stops being optional. The rule, the threshold and what it means in practice. In plain English.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

Burn Rate and Runway: How Founders Should Read Their MIS

How to calculate net burn honestly, and what runway your board will believe. The rule, the threshold and what it means in practice. In plain English.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 11 min read

Section 80-IAC Tax Holiday for DPIIT Startups: Eligibility & How to Claim

Three years of exemption for DPIIT-recognised startups, and who qualifies. The rule, the threshold and what it means in practice. In plain English.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

What Accounting Does a Startup Actually Need in Year One?

Everything a new company must set up before its first statutory deadline. The rule, the threshold and what it means in practice. Explained by a CA.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

How to Handle Stock Shrinkage and Gross Margin in Retail Books

What shrinkage does to reported margin, and how to provision for it. The rule, the threshold and what it means in practice. Written for Indian SMEs.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 12 min read

Retail Inventory Method vs Cost Method: FIFO, LIFO and Beyond

Valuing back from retail price against tracking actual cost per line. The rule, the threshold and what it means in practice. Current Indian practice.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 9 min read

How to Do Daily Sales Reconciliation for a Retail Store

Tying till takings to banking and to the sales ledger, every single day. The rule, the threshold and what it means in practice. Read the full guide.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

GST Composition Scheme vs Regular for Retailers: The Rs 1.5 Cr Question

The turnover limit, the rate difference and the input credit you give up. The rule, the threshold and what it means in practice. Read the full guide.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

Inventory Valuation Under AS-2 / Ind AS 2 for Indian Manufacturers

Lower of cost and net realisable value, with overhead absorbed at normal capacity. Set out with the working, not just the rule. With worked examples.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

Process Costing vs Job Costing: Which Fits Your Factory?

Continuous production against discrete jobs, and which your plant needs. The rule, the threshold and what it means in practice. For Indian preparers.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

Section 43B(h): The MSME 45-Day Payment Rule Manufacturers Must Know

Pay micro and small suppliers within 45 days or lose the deduction that year. Set out with the working, not just the rule. Reviewed by our CA team.

CACA Puja Pradhan · Jul 20

Accounting and Bookkeeping · 10 min read

ITC-04 and Job Work Under GST: A Manufacturer's Compliance Guide

Reporting goods sent to and returned by job workers, and the deadline for it. Set out with the working, not just the rule. Written by qualified CAs.

CACA Puja Pradhan · Jul 20