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What is Value Billing

>> September 1, 2014

Value billing is the way of writing bills by service provider for getting his service providing fees. When service provider provides the service without any written contract with other party who gets the service, service provider has the right to get his consideration on the value of provided services instead of taken time because service provider is professional not labor.
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How to Think Positive

 Today, we will teach you, “How to think positive?” How can you fill your life with positive thoughts? Positive thoughts mean good thoughts, better thoughts and great thoughts.  Now we discuss its simple steps :
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How Zero Based Budgeting works

>> August 28, 2014

By taking a simple example, we can teach you, "How zero based budgeting works?" Suppose, you have small business. Your business's 2 weeks incomes is 1600 $. Now forget previous two months income. You just start to justify only $ 1600 with your two weeks estimated all expenses. In the end this 2 weeks period, you should have only zero dollar. You have started from previous 2 weeks as zero base in income and expenses and you reach your total estimated incomes also zero level by estimating any expenses of your business.
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Zero Based Budgeting

>> August 26, 2014

Zero based budgeting is the type of budget in which we take the zero base for estimating the expenditures. Zero base means, we do not see the previous year actual expenditure. If we see the previous year expenditure and try to reduce in current estimation, it may reduce our quality production. So, we keep our base zero and welcome to all important and necessary expenditures in current year budgets and justify as per our estimated income resources.
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How to Get Positive Energy at Home

>> August 25, 2014

Whether you are accountant, account manager or any employee in accounts department, there are more chance of happening something wrong or bad in your office which will upset your all day. Now, you have come your home by leaving your accounting department. So, read some tips which will help you to get the positive energy again for better family relation and work for next day.
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What is the Difference between a Credit and Credit balance

>> August 22, 2014

Sometime a credit and credit balance may be confusing like doubt of a debit and debit balance. So, to go to learn the difference between a credit and credit balance is necessary. With this, you can also apply to know the difference between a debit and debit balance.
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Responsibility of Joint Auditors (AAS 12)

As per AAS 12, the responsibility of joint auditor has mentioned and on the basis of this standard, joint auditors should become the responsible of their duty.
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Represent by Management (AAS 11)

>> August 21, 2014

As per AAS 11, auditor can use representation by management for audit evidence during the audit work. But it is clear, representation by management is not substitute of other audit evidence.
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How to Make Money from Wiki

>> August 20, 2014

Main source of making money with a wiki is advertising. If you see famous wiki site like wikihow.com and wikia.com, you will see these websites are making money through google adsense.  When they are making money from wiki site, you can also make.
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How to Refund Income Tax

>> August 17, 2014

As per Income tax law of India 1961, section 237, “To refund of income tax is the right of assessee, if he paid income tax more than actual payable amount.”
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10 Ways to Self Motivate

>> August 15, 2014

Every human being on this earth wants to grow. He or she wants to see the progress in their learning, mind development, earning and status. Measurement of success may be different. For example, parent wants to become successful as parent. So, for getting all type of success, we need to learn self-motivation. Here is the list of 10 ways of self-motivation. 
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Using the Work of Another Auditor (AAS 10)

>> August 14, 2014

In AAS - 10, It is written in clear words, " The auditor who is appointed for auditing is responsible for audit work. He does not transfer his responsibility on other auditor by using the work of another auditor.
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Using the Work of an Expert in Auditing ( AAS 9)

>> August 12, 2014

All the Indian auditing and assurance standards are taken from International Standards of Auditing. So, almost title are same. Only section has changed. Same standard in IAS is 620. So, you can read same standard in IAS 620 or SA 620 of Australia.
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What is Debit Balance

>> August 11, 2014

In your organisation, debit balance is the balance of the each account which will show debit side at the close of account. If debit side is more than credit side, it will surely have debit balance. If you have bank account. If your bank shows your account's credit balance, still it will show your bank's debit balance.
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How to Claim Unclaimed Money in India

To claim unclaimed money is very necessary because if you will not claim in the proper time, it will deposit the treasure of Govt. account. So, best is to identify yours unclaimed money and then claim for this. In unclaimed money, we can include unclaimed cash, saving account bank balance, fixed deposits, dividend balance, shares bonds, unclaimed lockers and other properties.
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Buy or Make decision

>> August 10, 2014

Whether you need a small or large quantity of product, you have to take one decision out of two options. Either you can buy or you can make the product. Your decision may be perfect if you have deep knowledge of cost accounting because whether you have to buy or make, you have to pay its cost. So, you will take any decision which keep your cost minimum.
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Types of Fixed Cost

>> August 9, 2014

To know fixed cost is very important because it is helpful for taking best decision of cost accounting. When we do business in divisions, branches and departments, we are interested to know to grow our overall profitability. We also take decisions whether we should leave lose making branch or department or not.
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How to Progress Invoicing in Quickbooks

>> August 7, 2014

In Quickbooks accounting software, there is a very good and advance option for creating invoice of company's sales which is not in other accounting software like Tally.ERP 9. So, we should understand it and use it in our practical work. Its name is progress invoice. First of all understand what is the meaning of progress invoicing.
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How to Combine Financial Statements for Multiple Companies

>> August 4, 2014

Today most of companies are doing more than one business with different names and brand. So, every business of company will have own identity. For recording its all transactions, separate accountants are appointed. When all accounting records are completed, it is necessary to analysis combine financial statements of multiple companies. It will help to analyze overall financial position and financial performance.
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Cremation Expenses

>> August 1, 2014

In personal expenses, one of major expenses which we forget because we all think, we or our family is immortal But truth is, we all are mortal. We have to die surely if we have taken the birth. So, instead of managing money immediately for this purpose, you should reserve this fund in advance in your saving account or in cash.
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