GST/VAT Accounting Management
The GST accounting method involves tracking and recording Goods and Services Tax transactions to ensure compliance with tax regulations. It includes documenting sales and purchases, applying the appropriate GST rates (IGST, CGST, SGST), and managing input tax credits.
Accounting management
Managerial accounting, also called management accounting, is a method of accounting that creates statements, reports, and documents that help management in making better decisions related to their business' performance. Managerial accounting is primarily used for internal purposes.
Inventory Management
Inventory can be a company’s most important asset. Inventory management is where all the elements of the supply chain converge. Too little inventory when and where it's needed can create unhappy customers. But a large inventory has its own liabilities, the cost to store and insure it, and the risk of spoilage, theft and damage. Companies with complex supply chains and manufacturing processes must find the right balance between having too much inventory on hand or not enough.
Operations Management
It focuses on optimizing resource use, improving efficiency, and ensuring the delivery of high-quality products or services. In essence, OM manages the day-to-day operations of a business to meet customer needs and achieve organizational goals.