Articles by Tulasi S Sastri
View Full Profile
How do we manage travel costs?
Travel is an important item of cost for many organizations, whether in “manufacturing” or in “services” sectors. I have chosen to use the word “manage” instead of “monitor” (reference my previous articl
How do we monitor power costs?
In medium or large organizations, “Power” is an important item of cost, be it in Manufacturing or Services Industry. Over the years, I had the opportunity to achieve savings in this area, and wish to share 5 of such instances, for the ben
How can we strengthen Procurement Function to achieve savings for your Organization?
Internal Audit report on the Procurement Function of Sure Shot Engineering Co. highlighted certain inconsistencies like inducting vendors with no apparent reason to d
Why do I consider Purchase Order, an important Internal Financial Control?
We all know that Purchase Order is a document, released by an organization, to a vendor, to make supplies of a specified item or material, at a given price, of specified quantity, quality and description. If the mandate to a vendor is for specified
Three distinct aspects of financial applications
Three distinct aspects of Financial Applications that help in Systems Requirement Study (SRS). What is SRS? By SRS I am referring to the exercise undertaken to understand and to specify the requirements of a Business Application for development. Ther
How can financial applications help in achieving business objectives?
General perception is that Financial Applications are mainly meant for book keeping, and that they do not have much relevance from business perspective. Probably this was true decades ago, when accounting was manual, historical, and produced financia
Bar code systems for transaction capture in manufacturing
Bar Code Systems for transaction capture in Manufacturing – Opportunity to save on data entry efforts and making it error free. Familiar scene to all of us at medical shops is employing bar code readers by chemists to invoice sale of medicines.
How to improve Productivity in F&A Function?
1. In F&A, normally understood processes are Invoicing, Purchase Accounting, Inventory, Accounts Payable, Fixed Assets, Accounts Receivable, Cash & Bank Operations, Payroll, Taxation, Period end Procedures, and Financial Reporting. 2. Uneven
Questions to ask while designing Employee Incentive Schemes
Performance Incentive Schemes have all along been considered an important tool in the hands of the management, to differentiate between high performers and others, and to suitably reward the former. Where the overall output is dependent on employee g
Contribution - the concept I love most
By Contribution, I am referring to Sales minus Variable Cost. In my four decades of working in Industry, I had applied this concept in many organizations, with great gains. For me today, it is perhaps the most important concept in Management Accounti
Popular Articles
- Due Date Extended: Check Which Return Filing Gets More Time?
- Individual Income Tax Return Filing Due Dates for FY 2025-26 (AY 2026-27)
- SBI 444-day FD 2026: Earn More Than Regular FD in a Short Duration
- New Column in ITR For AY 2026-27: "Receipts Not in Nature of Income" - What Is It?
- AIS Income Tax Transactions: What to Report and What to Skip in AY 2026-27?
- Pensioner ITR for AY 2026-27: Guide to Reporting Pension Income and Claiming Your Tax Refund
- Penalty For Late Filing Of Income Tax Return For AY 2026-27
- ITR Processing Time 2026: Know How Long Will It Take and What Each Status Message Means
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
