Skills helpful and trending in accounting

Preparing invoices, payroll reports, cash flow reports, balance sheets, forecasting future incomes are some of the common duties of an accountant while filing taxes for a company. The first skill required for an accountant is that he or she should feel comfortable crunching numbers, irrespective of the tools in possession from a basic calculator to advanced ERP (Enterprise Resource Planning) software. Presenting financial reports in an easy-to-understand manner while following Generally Accepted Accounting Principles (GAAP) / International Financial …

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Professional courses to look for while making a successful career in accounting in India

Unlike other fields like software development where your work speaks, it is not possible to enter into the domain of certain types of accounting without a professional degree. The three most popular professional degrees in India are CA or Chartered Accountancy (by the Institute of Chartered Accountants of India), ICMA or The Cost and Management Accountancy (by the Institute of Cost Accountants of India), and CS or Company Secretaryship (by the Institute of Company Secretaries of India). As per the prevailing law, …

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Accounting and career prospects

For an individual or family, it is pertinent to know how much is spent on overheads like food, home rent, and traveling (taught as part of the home science curriculum, popular among girls to-be-future housewives). For a business house, similar overheads can be catering, office rent, and business travel. The big difference between accounting records kept by an individual or family and a business house is that business house and proprietor of the business house …

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Selling accounting software to retail shops in India

Installing accounting software in retail shops is happening at a fast pace in India. Still, there are tens and thousands of retail shops from local hosiery retailers to groceries yet to be computerized. It is either ignorance or cost that holds owners back. They are worried of data loss, backup and think that existing manual system is rather serving purpose well. From sellers of accounting software point of view, important thing then is to convince shop …

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