Finance Ppl



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Payroll Finance Function- Part 2: Tax Law Compliance

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The role of finance in payroll can be classified into four core pillars: Labour Law Compliance, Tax Law Compliance, Payroll Accounting,...

Payroll Finance Function- Part 1: Labour Laws Compliance

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The role of finance in payroll can be classified into four core pillars: Labour Law Compliance, Tax Law Compliance, Payroll Accounting, and...

TDS on Payment to Contractor

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TDS on provisions relating to payment to contractors are classified into 3 parts. They are Payment to Resident contractor for General Co...

Employment related TDS

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Section 392 - TDS on Salary Applicability :Governs TDS on salary payments to employees. Applies to all salaried employees where in...

MAT as it stands in 2026

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Why is MAT required in the first place? Many companies, show high “book profits” in their financial statements/Annual report (ie book...

IT Department carries out investigation exercise on restaurants suppressing turnover

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News summary: In November 2025, the Income tax Department carried out nation wide raid of restaurants in connection with tax evasi...

Payables Ratios

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Following is summary of the most important Payables-related ratios also called Creditor ratios. Accounts Payable Turnover Ratio (...

Role of Workflow management software in Payables

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OmniFlow is a Process Management and workflow automation platform, that helps turn complex, manual processes into streamlined, rule-dr...

Payables Reports and Analytics

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What purpose does AP reporting and analytics serve? AP reporting and analytics transforms raw invoice data into business insight...

Payables (AP) vs GL Reconciliation

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AP vs GL reconciliation is the process of ensuring that the detailed Accounts Payable subledger aligns with the summarized AP control...

Invoice to Pay cycle

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The Invoice-to-Pay (I2P) cycle is a subset of the AP process that commences the moment a vendor bill arrives and continues until the ...