About the Finance & Compliance Tips category
Practical guides, checklists, and updates on finance & compliance tips from the FinTax24 team — covering registration, filings, compliance and procedures for Indian businesses and individuals.
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Bookkeeping Basics: Cash vs Accrual
Cash accounting records transactions when cash moves. Accrual accounting records transactions when the invoice is raised or the obligation is incurred. GST and income tax both expect accrual. The choice depends on your turnover, your inventory, and your credit terms — not on the size of your business alone.
FinTax24 Editorial Team · 25 Jan 2026 · 6 min read
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Cash-Flow Forecasting: Spreadsheet Template
A 13-week rolling cash flow forecast is the most-used working-capital tool for an SME. Open with the bank balance, add weekly inflows from customers, deduct weekly outflows to suppliers / payroll / taxes / loan EMIs, and end with the projected closing balance. Update weekly with actuals. Flag any week with projected negative balance.
FinTax24 Editorial Team · 22 Jan 2026 · 5 min read
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Cash Basis Bookkeeping Fails at ₹1 Crore Revenue
Cash-basis bookkeeping is fine for a proprietorship at ₹20 lakh. At ₹1 crore, the inventory distortion, the GST mismatch, and the audit opinion will catch up. Here is the migration path and the threshold math.
FinTax24 Editorial Team · 3 Sept 2026 · 7 min read
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Tally vs Zoho Books vs QuickBooks
Desktop vs cloud, GST features, multi-user, and price comparison.
FinTax24 Editorial Team · 15 Jan 2026 · 7 min read
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Read a P&L Statement Like a CFO
A P&L statement is more than revenue minus expenses. A CFO reads it as a story of contribution margin, operating leverage, cost structure, and earnings quality. Look at the trajectory of revenue, the gross margin pattern, the operating expense discipline, and the non-recurring items. The P&L is the basis for every management decision.
FinTax24 Editorial Team · 11 Jan 2026 · 6 min read
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Payroll: PF, ESI, PT & TDS
Payroll for an Indian company intersects four statutory obligations: PF (12% of basic, capped at ₹1,800 employee + ₹1,800 employer for basic ≤ ₹15,000), ESI (0.75% employee + 3.25% employer on gross for gross ≤ ₹21,000), PT (state-specific, typically ₹200/month for salary above the threshold), and TDS (Section 192, computed annually).
FinTax24 Editorial Team · 18 Jan 2026 · 6 min read
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