aavanacorporatesolutionprivatelimitedblog

  Most companies are outsourcing their  accounting  to reduce the extra burden that is vested on operating the business. In-house accounting is a traditional method of bookkeeping and accounting. Difference between outsourcing and in-house accounting Quality of work An in-house accountant could be a certified public accountant with a thorough knowledge on accounting principles or a person who is self-taught and given the task of accounting by the CEO. These two are extreme situations. On the other hand when you outsource your accounting, consistently high quality of work is achieved. Such firms appoint certified public accountants who are exceptionally good at accounting Working hours An in-house accountant works from 9-5. They offer to help whenever they are available at work. You’ll be left helpless when they’re not available at office. When you outsource your accounting, you’ll be working with a group of accountants who are dedicated to work for you. They will also wor...

  Entrepreneurship is becoming a trend, especially among the younger generation. They are willing to take a risk and to make their business plan a reality. While many people may talk about the different challenges they faced during the initial stages of their business, it is also important to keep in mind that the challenges that you may encounter with may be completely different when compared to that of another businessman. Are you a budding entrepreneur thinking of starting a business? Then this article will definitely help you through your journey as a business owner. Fearlessness Becoming a successful businessman is considered intimidating by the society. One of the biggest challenges that a businessman has to overcome is the fear of jumping into a business itself. Some entrepreneurs never want to quit from the security of a monthly paycheck. They fear the risks that they might face at the initial stage of the business. Overcoming your fear and getting your business started is...

       Most People living in India are directly or indirectly dependant on agriculture. The farmers in India are still backward when it comes to technology. Keeping this problem in mind the government has started a committee dedicated to solving these issues. A Producer Company is registered under the Companies Act. A few objectives have been drafted out for a producer company:  procurement, production, harvesting, grading, pooling, handling, marketing, selling, or export.  Here is a list of documents that are required to register a Producer Company Pan card, passport, or election card of all the directors and shareholders Latest bank statement Passport size photo of all directors and shareholders Copy of utility bill for residence proof. The bill produced must not be more than 2 months old   A scanned copy of the rental agreement along with the NOC from the owner in case of rented property A copy of the property papers needs to be submitted in case of...

  From local businesses to corporates,  private limited company  is one of the most preferred business entities. The  financial liabilities  of the shareholders are limited to their shares. A private limited company will continue to exist even in case of death or departure of a member.  A private limited company can be incorporated with a minimum of two and a maximum of two hundred members. It is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014.  If anyone wants to register their company as a  private limited company , they are required to follow the rules stipulated by the Companies Act, 2013.  Basic requirements for private limited company registration Documents required (with self-attestation) By  Directors  & Shareholders Latest passport size photo. Copy of Pan card of Directors  Copy of Aadhaar Card Copy of Voter Identity card/ driving licence/passport of th...

  Address Proof of Proprietor / Partners /  Director  ID Proof of Proprietor / Partners / Director such as PAN, Voter Id and   Driving License. Address Proof of the entity such as Rent Agreement / Ownership Deed / Lease Deed Memorandum of Association and Articles of Association / Company Incorporation Certificate in case of Private / Public companies Partnership Deed in case of  Partnership Firm Number of Employees Passport size photographs Documents required for  Private Limited  or  One Person Company Company Incorporation Certificate MOA AOA PAN of the company and director Passport size photo of directors Address proof of directors Rental agreement/sales deed/lease deed Electricity bill of the registered office Authorization of letter No Objection Certificate Documents required for  Limited Liability Partnership Company Incorporation Certificate LLP Agreement Authorization Letter PAN of the Company and directors Passpor...

https://aavana.in/   Trade License  – This is a license that is issued by the Municipal Corporation which gives permission to carry out a particular trade in a particular address. Shop Establishment License  – Shops & establishment registration is mandatory for all business entities. It not only includes shops and commercial establishments but also, work from home jobs. Once you register your shop or establishment you will get a shop and establishment certificate. Read through a few points that highlight the difference between Trade license and Shop and establishment licence The commencement of any business that falls under the shops and establishment Act will need to get the business registered with the local government and trade licence is a permission given to a person to carry out a particular trade. Shops and Establishment licence can be obtained for a shop or establishment even in residential premises. A trade licence can be obtained only for commercial premises...

  Bookkeeping  refers to the organizing, storing, and accessing the financial information of a company that helps in making the day-to-day operations of the business much easier. It also helps to prepare tax returns and other reports to the manager. Accounting  – An accountant’s job is to minimize errors caused while recording a large number of activities that the business engages in a particular period. An accountant prepares reports based on the bookkeeping records. An accountant has to measure profit, which is a difficult task to do. This report used to measure profit can be obtained from the bookkeeper’s records. Benefits of bookkeeping & accounting Helps you to maintain a budget It is a major issue of every business as it is easy to plan and very difficult to control and maintain. It plays a very vital role as it helps you to budget and maintains the income and expenses in an organized way, also it creates a financial roadmap to your business where it is easier t...