Category: Accounting
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Expense manager software: Control costs and boost profits for your farm
India’s agriculture sector is massive, valued at approximately $600 billion according to a report by McKinsey & Co. However, this sector has several structural advantages that could grow it to a whopping $1.4 trillion by 2035. However, while the overall numbers are large, it is important to put them in context with the size of…
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Accounting software for society: Build trust and simplify management
Managing a housing society looks simple to an external observer, while the fact of the matter is that it is anything but. Over 1.9 lakh societies in India exist to look after the welfare of their residents, according to government data. These societies are run by committees of 5 to 19 members, which are required…
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Online Rent Collection for Landlords: Setup, Payments, and Best Practices
Key Takeaways Online rent collection eliminates the time, cost, and risk of paper checks while giving landlords a verifiable audit trail of every payment. ACH transfers are the dominant payment method because they’re inexpensive (under 1% or free in many cases) and reliable, but supporting multiple payment options (ACH, debit, credit) reduces late payments. Automated…
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Garage billing software: Everything you need to run a modern auto workshop
The automobile industry in India is growing fast, powered by record-breaking growth in the passenger vehicle segment, which saw 45.5 lakh new cars sold in CY 2025. In line with this growth, India’s automotive repair market is also growing rapidly at a 7% CAGR and is projected to reach ₹7.83 lakh crore by 2035. There…
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Automobile billing software: Simplify invoicing and inventory management
The automobile industry in India is massive, clocking in a turnover of Rs. 20 lakh crore in FY2024-25, according to data released by the government. However, running an automobile business is a complex operation that requires not just technical know-how but also operational excellence, real-time stock tracking, and financial management. Most automotive businesses start small…
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Tally vs Cloud Accounting Software for Modern Payments
Your CA Is on Tally. Your Customers Pay Online. Nothing Connects the Two. India’s medium and enterprise businesses are sitting on a hidden productivity problem: their accounting lives in an older version of Tally that doesn’t speak to their sales, invoicing, or online payment channels. This report presents the data — and the fix. For…
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How to Track Rental Income and Expenses With Software (2026 Guide)
Key Takeaways Tracking rental income and expenses with software eliminates the manual data entry, miscategorization, and missing transactions that plague spreadsheet-based approaches. The most useful software does four things: connects directly to your bank accounts, categorizes transactions by Schedule E categories, separates income and expenses by property, and generates reports automatically. Bank feeds and receipt…
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7 Property Management Financial Reports Every Manager and Owner Needs
Key Takeaways Property management financial reports translate every transaction into the information you need to run your portfolio. The seven most important ones are the income statement, balance sheet, cash flow statement, budget vs. actual, rent roll, AR aging, and general ledger. The income statement tells you about profitability. The balance sheet shows your financial…
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What Is an Owner Statement? A Complete Guide for Property Managers
Key Takeaways An owner statement is a financial report showing how a rental property performed over a specific period. It tracks income, expenses, net cash flow, and owner distributions, usually for a single month. They’re the primary tool for communicating financial performance to clients. For self-managed owners, they’re how you understand whether your portfolio is…
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Bank Reconciliation for Property Managers: How It Works + What to Watch For
Key Takeaways Bank reconciliation for property managers can be tricky, and there’s much to watch for. Property managers need to reconcile multiple bank accounts every month: operating accounts, trust accounts, and (in many states) separate security deposit accounts. Trust accounts require three-way reconciliation, where the bank balance, your general ledger balance, and the sum of…