Category: Accounting

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A party-wise ledger is the most important record in any trading business. It tells you, at a glance, everything that has happened with a specific buyer or supplier: every purchase, every sale, every payment, and every outstanding balance. Maintaining accurate party-wise ledgers is the foundation of good trade accounts. What Is a Party-wise Ledger? A…

What is Mahajan Accounting and How It Differs from Regular Accounting

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in Accounting, Mahajan Accounting

If you have grown up in a trading family in India, you have likely heard the term Mahajan accounting. It refers to the traditional system of bookkeeping used by traders and money lenders in the Indian subcontinent for centuries. But what exactly does Mahajan accounting software do, and how is it different from regular business…

How Small Traders Manage Udhar with Accounting Software

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Udhar, or trade credit, is the foundation of how business works in Indian markets. You sell on credit, buy on credit, and your cash flow depends on collecting what is owed to you before you have to pay what you owe. Without the right system, managing udhar becomes one of the most stressful parts of…

How to Track Commission Brokerage and Expenses in One Software

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For trading businesses, commission and brokerage are not just line items on a statement. They affect every transaction and need to be tracked carefully by party, by item, and by period. Managing commission and brokerage tracking alongside your regular accounts in the same software saves time and prevents errors. The Problem with Separate Tracking Many…

Year-End Closing for Traders: A Step-by-Step Guide

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Year-end closing is the most important financial exercise for any trading business. It is when you reconcile your accounts, check your P&L, verify your stock, and prepare for tax filing. For traders managing high volumes of transactions across multiple parties, year-end closing can be stressful without the right system. Here is how to do it…

Tally vs Dedicated Trade Accounting Software: Which is Better?

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