The management of source documents – bills, invoices, receipts or anything substantiating a transaction – is critical for small business compliance. They’re also important for accurately and efficiently completing the accounting process, and ultimately, providing informative business insights. However, there are often a few questions that arise when it comes to source document management best […]
Archives for 2020
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. The investment, which was mixture of debt and equity, raises Airbnb’s cash reserves to around […]
Amazon pumps Rs 284 crore into food retail unit
Amazon has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. This comes at a time when Amazon India is only selling essentials due to the lockdown restrictions and is witnessing high demand for […]
Internet emerges as biggest infotainment source for consumers amid nationwide lockdown
Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making smartphones, laptops and televisions only ways to access the outside world, including office. According to data collated by various agencies and i-exchanges, internet has emerged as the biggest source for information and […]
SC issues guidelines for courts to switch to videoconferencing during Covid-19 pandemic
The Supreme Court on Monday directed all district courts in the country to switch to video proceedings and authorised presiding officers to adjourn the proceedings if measures to control crowding in court rooms fail. A three-judge bench of Chief Justice SA Bobde and justices DY Chandrachud and L Nageswara Rao said courts should restrict entry […]
Remove videos spreading Covid-19 lies: Govt to social media platforms
(Representative Image) The government has written to social media platforms TikTok, Helo and Facebook asking them to remove videos circulating on their platforms that allegedly seek to influence Muslims against following Covid-19 containment measures, top officials said. The government action follows a report submitted to the Ministry of Home Affairs last week by open-source intelligence […]
Swiggy and Zomato settle for smaller cheques
Illustration: Rahul Awasthi Food delivery apps Swiggy and Zomato have accepted smaller cheques of $5-$10 million from a pool of investors to beef up cash reserves, as they continue to fight a bruising battle for market share in the online food delivery business amid a lockdown induced by the Covid-19 pandemic. The capital infusion comes […]
What keeps me calm for clients as markets gyrate
As with most market downturns, you never see it until it happens. Of course, you may suspect it, but the actual day surprises you. I was expecting one for years. I understand it is a natural part of the business cycle. We were due. It had been 11 years from the greatest recession we’ve experienced […]
Best accounting software for businesses in 2020: QuickBooks, Sage, Zoho, and more – ZDNet
Businesses of every size need an accounting system to track revenues and expenses, process invoices and send out bills, and track assets and liabilities. There are many things to consider. Can your three-person shop make do with simple, user-friendly bookkeeping software package? Does your mid-sized business need a sophisticated system that uses process automation? Do […]
ASB to consider one-year deferral of effective dates
The effective dates for seven recently issued generally accepted auditing standards may be deferred by one year when the AICPA Auditing Standards Board (ASB) holds a special open meeting from 2 to 4 p.m. on April 20 to discuss relief due to the coronavirus pandemic. At the meeting, the ASB will discuss and vote on […]