The GintiDesk blog

Plain-language guides with worked examples: assets and liabilities, debit and credit, trial balance, input tax credit, job work and costing fabric.

• Types of assets in accounting, with examples
• Types of liabilities in accounting, with examples
• Debit and credit explained: how double-entry bookkeeping works
• 8 benefits of proper accounting for a small business
• Trial balance: what it proves, and what it does not
• Opening balances: how to move your books to new accounting software
• Bill-wise outstanding vs running balance: knowing who owes what, and since when
• Closing stock: why your profit is wrong without it
• Debit note vs credit note under GST: who issues which, and when
• Input tax credit under GST: the conditions, and the credits that are blocked
• GSTR-1 vs books: four reasons your turnover does not match
• Grey to finished: how to work out the real cost of processed fabric
• Job work under GST: the delivery challan, the one-year rule and ITC-04
• Taka, meter and piece: why textile stock needs more than one count
• How GintiDesk works: from a grey purchase to the balance sheet
• What BETA means for your books
• Lot-wise stock in a textile business: following one lot from grey to finished
• Job work in textiles: sending goods out and receiving them back, step by step
• Fabric stock mismatch: why the books and the godown disagree, and how to close the gap
• Broker commission in textile trading: how brokerage is worked out and recorded