we can equip ourselves with the understanding of our Business Accounts and data… It is Important to have basic knowledge of your Finance and Accounts especially as we enter into a new Financial Year, and managing them to help you to Grow to the next level, as generally Entrepreneurs / Businesses fail cos of Non-Review of the Finance and Accounts Department.
Some of the areas which many lack clarity and would want to learn more are:
1. Need for Accounting – Online / Offline mode
2. Chart of accounts – Importance and link to MIS
3. What we mean by Balance Sheet & Profit Loss Account.
4. Difference between Cash Profit Vs Book Profit
5. What are Receivables & Payables of your Business
6. Touching upon Statutory Compliances – GST / Income Tax / Employees related, etc..