Divya Gupta from Dialogue Room and Neha Goenka from CAxpert dialogue about how companies can become more efficient by applying some accounting hacks mentioned in the podcast.
Things discussed in the podcast:
Challenge: Accounting can be expensive
Solution: Paperless accounting - choose cloud computing software that makes accounting reasonable
Challenge: Calling a freelance accountant only to file taxes & not getting an accurate amount
Solution: Keep sharing daily transactions through mobile apps like Quickbooks or Zoho books with your accountant
Challenge: Not paying enough attention to cash
Solution: Keep a track of account receivables, account payables, debtor days & creditor days
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